Financial automation software for healthcare organizations
Liberate working capital, improve patient outcomes
The healthcare industry faces a constant challenge in the form of maximizing operational and financial efficiency in order to improve the quality of patient care. In this environment, CFOs and their teams require immediate access to accurate financial data to effectively manage and deploy working capital.
Automated healthcare financial solutions are the way forward. By streamlining your financial processes with AI-based AR, AP and payments, and treasury solutions, you can save valuable time and redirect your people and your cash towards improving operations and patient outcomes.
Serrala solutions are designed to help you streamline your back-office and refocus your resources on patient care. Whether your business is a hospital, clinic, GP or dental surgery, we’re here to help you handle pressure to deliver better care by providing greater cash flow, financial visibility, regulatory compliance, and fraud risk mitigation.
Optimizing the Order-to-Cash
(Invoice-to-Cash) cycle: accounts receivable teams trust Serrala
With our cash application, credit risk management, and collections management software, you can automate processes by up to 99% across your accounts receivable functions.
Healthcare organizations trust our finance automation solutions. With our help, your teams no longer need to spend hours extracting balances from bank statements, managing high volumes of complex remittance advisories, making sense of varied payment terms and discounts and managing deductions in your invoicing processes.
What can our AR solutions do for you?
Safeguard your business against legal, data, cyber, and financial risk with minimal overhead. Automated clarification, anti-fraud, and anti-money laundering screening and GDPR reporting provide you with peace of mind in the face of rising costs, supply chain and business model uncertainty, and regulatory complexity.
Our solution provides 400 pre-built reporting KPIs for instant reporting on your cash position – giving you the power to make smart decisions about how to finance new product development and shore up supply chains. Reporting across your whole invoice-to-cash process becomes simple ensuring better planning and faster allocation of working capital to patients.
Leverage your money and your people more effectively to create better experiences for your end customers.
Our solution lets you know your exact cash position at any time and apply all cash with automated, same-day matching. Letting you direct funds to patient care and purchasing consumables more quickly and accurately.
Automate up to 99% of payment reconciliation tasks with our AI-powered workflows. Take complete control of your cash flow process across multiple business models, realize immediate cost savings, and manage payment volume at any scale.
Increase user satisfaction for both your teams and your customers with a single portal for all payment types. Reduce workloads and fees with automated, end-to-end processing of all bank statements, remittance advice, lockbox, and payment service provider settlements.
Centralise and standardize to improve customer engagement and reduce time to pay with the most comprehensive collections and dispute management solutions available.
Automate your credit risk management lifecycle value with AI-enabled processes to help protect your bottom line and improve customer trust.
Serrala Avelate Bill Pay allows you to present all payment requests through a single online system, making it simpler for customers to pay you – and simpler for you to maintain relationships alongside your business obligations.
Safeguard your business against legal, data, cyber, and financial risk with minimal overhead. Automated clarification, anti-fraud, and anti-money laundering screening and GDPR reporting provide you with peace of mind in the face of rising costs, supply chain and business model uncertainty, and regulatory complexity.
Our solution provides 400 pre-built reporting KPIs for instant reporting on your cash position – giving you the power to make smart decisions about how to finance new product development and shore up supply chains. Reporting across your whole invoice-to-cash process becomes simple ensuring better planning and faster allocation of working capital to patients.
Leverage your money and your people more effectively to create better experiences for your end customers.
Our solution lets you know your exact cash position at any time and apply all cash with automated, same-day matching. Letting you direct funds to patient care and purchasing consumables more quickly and accurately.
Automate up to 99% of payment reconciliation tasks with our AI-powered workflows. Take complete control of your cash flow process across multiple business models, realize immediate cost savings, and manage payment volume at any scale.
Increase user satisfaction for both your teams and your customers with a single portal for all payment types. Reduce workloads and fees with automated, end-to-end processing of all bank statements, remittance advice, lockbox, and payment service provider settlements.
Centralise and standardize to improve customer engagement and reduce time to pay with the most comprehensive collections and dispute management solutions available.
Automate your credit risk management lifecycle value with AI-enabled processes to help protect your bottom line and improve customer trust.
Serrala Avelate Bill Pay allows you to present all payment requests through a single online system, making it simpler for customers to pay you – and simpler for you to maintain relationships alongside your business obligations.
Transform your Invoice-to-Pay process with Serrala’s AP automation and payment software
Our AP automation and payment solutions help healtcare organziations to optimize their cash flow. This gives you the power to understand your current and future position better to secure your supply chain against potential shocks and better allocate capital to strategic projects and ensure resources are always available to drive patient care and outcomes.
Serrala customers report that our solution not only improves their working capital position, but helps them save their teams thousands of hours a year across their invoice management and payment processes, from receipt to posting to vendor reporting – especially insofar as managing disparate payment formats is concerned.
What can our Invoice-to-Pay solutions do for you?
Quick and accurate cloud-based invoice capture eliminates manual processing for digital invoices. Providing immediate visibility into spend, enabling touchless processing, and allowing for standardized processing of any payment request formats.
Access invoice and payment information from the same solution, on any device, at any time. Your teams can securely review transaction information and perform needed actions on the spot.
Your organization can use our solutions to define business-wide rules that increase efficiency and keep information flowing from your payables automation to payment automation. Helping guarantee your supply chain, reduce instability, ensure onward supply, and support a great end-customer experience.
Easily onboard or alter new business units, suppliers, or invoice volumes. Simplify payment processing with workflows that automatically route payment requests for review according to standardized formatting rules – whatever changes your facilities face in the future.
Rule-based checks of payment transactions make monitoring for fraud, flagging suspicious activity, and preventing double payments simple. Providing the bedrock of a better experience for your teams, better regulatory compliance, and better use of your working capital.
Direct connections to your supplier networks and banks make offering self-service portals simple – both internally and externally. Ensuring a faster payment process, greater control, and improved visibility of data and performance.
Process all invoices from a single hub, improve visibility, and eliminate the redundancy and confusion of multiple banking portals and overlapping processes.
Quick and accurate cloud-based invoice capture eliminates manual processing for digital invoices. Providing immediate visibility into spend, enabling touchless processing, and allowing for standardized processing of any payment request formats.
Access invoice and payment information from the same solution, on any device, at any time. Your teams can securely review transaction information and perform needed actions on the spot.
Your organization can use our solutions to define business-wide rules that increase efficiency and keep information flowing from your payables automation to payment automation. Helping guarantee your supply chain, reduce instability, ensure onward supply, and support a great end-customer experience.
Easily onboard or alter new business units, suppliers, or invoice volumes. Simplify payment processing with workflows that automatically route payment requests for review according to standardized formatting rules – whatever changes your facilities face in the future.
Rule-based checks of payment transactions make monitoring for fraud, flagging suspicious activity, and preventing double payments simple. Providing the bedrock of a better experience for your teams, better regulatory compliance, and better use of your working capital.
Direct connections to your supplier networks and banks make offering self-service portals simple – both internally and externally. Ensuring a faster payment process, greater control, and improved visibility of data and performance.
Process all invoices from a single hub, improve visibility, and eliminate the redundancy and confusion of multiple banking portals and overlapping processes.
Cash management and treasury software
Healthcare financial solutions for treasury need to be capable of maximizing your working capital while minimizing manual input and keeping visibility and reporting accuracy high for regulatory compliance. Our solutions make all this simple.
Our cash management and liquidity solution empowers you to take total control of your cash, plan and forecast your liquidity, and simply and comprehensively manage your accounts and mandates. Helping you keep costs down, anticipate and plan for contingencies, and invest more of your resources in your patients.
What can our cash management and treasury solutions do for you?
Get the data you need with simple, intuitive configuration, whatever your teams need to know – no matter what patient services your company provides.
Analytics for all account information and cashflow status provide an up-to-the-second picture of your company-wide liquidity. Giving you the power to allocate working capital as soon as it becomes available to maximalize funding to healthcare and the improvement of your strategic position.
Stay informed of your cash position up to the second, and give your people the confidence to make the investments necessary to drive your success.
Flexibly configure your categories for cashflow-based planning, simulations, and scenarios. Act and react with confidence in a range of situations including supply uncertainty and fluctuations in patient demand.
Our treasury solution gives you the capacity to manage loans, credit facilities, money market instruments, and more with intuitive connections to trade portals, bank accounts, and other services. Ensuring you have the strategic foundation to bring improvements to the way you administer care and support communities.
Get the data you need with simple, intuitive configuration, whatever your teams need to know – no matter what patient services your company provides.
Analytics for all account information and cashflow status provide an up-to-the-second picture of your company-wide liquidity. Giving you the power to allocate working capital as soon as it becomes available to maximalize funding to healthcare and the improvement of your strategic position.
Stay informed of your cash position up to the second, and give your people the confidence to make the investments necessary to drive your success.
Flexibly configure your categories for cashflow-based planning, simulations, and scenarios. Act and react with confidence in a range of situations including supply uncertainty and fluctuations in patient demand.
Our treasury solution gives you the capacity to manage loans, credit facilities, money market instruments, and more with intuitive connections to trade portals, bank accounts, and other services. Ensuring you have the strategic foundation to bring improvements to the way you administer care and support communities.
Discover how Serrala’s solutions are transforming the way healthcare businesses handle their finances
Johns Hopkins – using automated invoice processing to clear a 7000-per-month invoice backlog
Johns Hopkins is one of the US’s leading academic medical centers, incorporating a teaching hospital and biomedical research facility.
The organization turned to Serrala for help with a significant challenge posed by manual invoicing processes. With 30,000 invoices processed monthly through a shared service center, a lack of automation had led to a backlog of around 7000 invoices each month.
Implementing a new intelligent AP automation solution not only resolved issues caused by delayed payments, but created conditions for enhanced vendor collaboration. The introduction of exception handling also significantly improved AP processes, helping to clear backlogs and allow the AP team to easily process all incoming payment requests.
Connect with us and begin unlocking the full power of your financial processes
