Intelligent Cash Application within SAP

FS2 AutoBank automates your cash application by matching incoming payments against open accounts in high-speed and thereby optimizing your reconciliation process and contributing to your overall cash visibility. The solution decreases manual efforts to highest possibility throughout all your departments and fully integrates with your current SAP environment – on premise, in the cloud or both! 

FS² AutoBank lowers the manual in-put process over 95% on the customer level with hit rates at 80–95% on the invoice level peaking to 98%. All payment information is seamlessly integrated into the process and available for matching purposes and research in SAP, allowing condensed processing times and streamlined work processes.

    Revolutionizing Cash Application with Next-Generation RPA and Machine Learning

    Thumbnail

    Automation

    Reduced the complex processes involving manual time-consuming efforts to identify customers, invoices and clarify deductions.

    Thumbnail

    Formats

    Accepts many different payment formats such as bank statements, remittance advices, lockbox, check images, credit card data, statements from payment service providers (PSP), emails, and email attachments such as PDF and Excel.

    Thumbnail

    Cash-In Processing

    Processes day-to-day complex bank statements that include bank fees, charges and deductions for taxes that differ by country, region, line of business or industry.

    Thumbnail

    Scalability

    Scalable for shared service centers facing global challenges as your business expands internationally.

    Thumbnail

    FS² AutoBank: Highlights and Benefits

    • Automated cash application process
    • Accepts all common formats from banks and customers
    • Business unit manages posting rules and filters
    • Easy adoption & high user rate
    • Powerful workflows
    • LiveCash offers same day processing
    • Robust reports, analytics, and metrics
    • SmartEye for remittance advices, emails and PDFs
    • One screen dashboard with self-learning software SAP conversant
    • Meets all audit requirements

    FS² Analytics for AutoBank – High-end Business Intelligence Reporting

    FS² Analytics can quickly set-up new reports and run speedy queries based on daily or historical data. The personalized reports are supported with responsive robust metrics and analytics to keep your processes up to date and streamlined.

    With FS² Analytics for AutoBank you can analyze bank statement and transaction document information and get a complete picture of your Cash Application process performance. Check your automatic and manual postings for debtors, creditors and G/L accounts. Examine your customer payment history and reduce credit risk. FS² Autobank Analytics includes, among others, reports about the automation rate, cash flows, DSO, and open items.

    Thumbnail

    Leverage the Entire Spectrum of your SAP Technology

    • Seamless Integration into SAP
    • Runs on SAP on Premise, SAP Cloud and Hybrid
    • Certified for integration with SAP S/4HANA
    • Works with current and previous SAP systems such as SAP ECC
    • Includes Fiori apps for an intuitive user experience
    Thumbnail

    Add Value with End-to-End Processing in Order to Cash

    Combine FS² AutoBank with our modules

    to achieve end-to-end clarity in O2C by streamlining Cash Application with Credit Management, Collections and Disputes, Compliance, and Account Statement Management into one integrated Inbound Payment process.

     

    Thumbnail

    Benefit from Flexible Technology Options

    By combining our FS² modules for SAP with other solutions and services by Serrala, such as

    to form a flexible and individual hybrid model, you can achieve the solution and technology environment that caters best to your business needs and easily scale according to your organization’s requirements.

    Thumbnail

    Boost Your Data & Document Management

    Increase operational savings and efficiencies, lower risk, and boost performance by underpinning your Cash Application processing with Corestone, our powerful Data and Document Management solution suite.

    Corestone

     

    Thumbnail
    Thanks to the integration and automation we have improved our straight-through processing. The better the data quality, the better our cash and liquidity management. We simply did not have the visibility that we have now. We have significantly saved time and costs as cash application and payment processes run much faster than before. We estimate that we have saved at least 50% of processing time.
    Alexander Schulze

    Cash Manager Europe Nordson Holding

    Further Reading

    Thumbnail

    Success Story: Nordson

    Reaching unprecedented levels of automation.

    Read Success Story
    Thumbnail

    Our Order to Cash Offering

    Learn more about our end-to-end O2C solution suite.

    Download Brochure
    Thumbnail

    FS² AutoBank: Award-winning Solution

    Baloise Group received an Adam Smith Award for its Highly Recommended Best Working Capital Management.

    Learn more