Financial automation software for the retail industry
Retail is a sector marked by abrupt turns in fortune
Depending on market sensitivities selling goods can rapidly go from being profitable to unprofitable as demand fluctuates in line with local, national, and global trends. Managing uncertainty effectively requires your company to have as strong a cash position as possible and to invest in automation throughout your business to respond faster to any changes.
Our automation solutions for invoice-to-cash, invoice-to-pay, and treasury processes give you that certainty. With complete control over inbound and outbound payments, you’ll have the liquidity to invest in new technology, and maintain strong supply chains in your portfolio regardless of changes to demand.
Optimizing the Order-to-Cash
(Invoice-to-Cash) cycle: accounts receivable teams trust Serrala
With our cash application, credit, and collection software, you can automate processes by up to 99% across your accounts receivable functions.
Retail companies 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?
Automated clarification, anti-fraud, and anti-money laundering screening and GDPR reporting provide you with peace of mind and safeguard your business against legal, data, cyber, and financial risk with minimal overhead.
Our AI-powered technology can revolutionize your cash flow process – automating up to 99% of tasks and allowing largely touchless payment reconciliation – delivering your company immediate cost savings, simplifying your month-end process, and helping optimize your cashflow.
Our solution lets you know your exact cash position at any time and apply all cash with automated, same-day matching. This means you can make better use of your company’s funds across your supply chains and in your stores.
Our customers can reduce their DSO (days sales outstanding) significantly by automating manual and repetitive tasks. Your people spend less time chasing invoices, and more time adding value.
Automated, end-to-end processing easily manages bank statements, remittance advice, lockbox, and payment service provider settlements. Reducing workloads, reducing fees, and increasing user satisfaction and performance levels across your AR teams.
Our solutions provide your teams with over 400 pre-built reporting KPIs that can all be accessed in real-time – giving you an up-to-date and accurate overview of your company’s cash position. Reporting is made simple across your entire Order-to-Cash process, ensuring better financial planning and strategic allocation of working capital across all your different business units.
Our software gives you the power to automate processes across your credit risk management lifecycle. From accurately determining risk levels to proactive risk mitigation strategies that add value, deepen customer relationships, and help guarantee your bottom line.
Our solutions for collections, deductions, and disputes are the most comprehensive available, allowing you to centralize and standardize to improve customer engagement and further reduce days sales outstanding.
Automated clarification, anti-fraud, and anti-money laundering screening and GDPR reporting provide you with peace of mind and safeguard your business against legal, data, cyber, and financial risk with minimal overhead.
Our AI-powered technology can revolutionize your cash flow process – automating up to 99% of tasks and allowing largely touchless payment reconciliation – delivering your company immediate cost savings, simplifying your month-end process, and helping optimize your cashflow.
Our solution lets you know your exact cash position at any time and apply all cash with automated, same-day matching. This means you can make better use of your company’s funds across your supply chains and in your stores.
Our customers can reduce their DSO (days sales outstanding) significantly by automating manual and repetitive tasks. Your people spend less time chasing invoices, and more time adding value.
Automated, end-to-end processing easily manages bank statements, remittance advice, lockbox, and payment service provider settlements. Reducing workloads, reducing fees, and increasing user satisfaction and performance levels across your AR teams.
Our solutions provide your teams with over 400 pre-built reporting KPIs that can all be accessed in real-time – giving you an up-to-date and accurate overview of your company’s cash position. Reporting is made simple across your entire Order-to-Cash process, ensuring better financial planning and strategic allocation of working capital across all your different business units.
Our software gives you the power to automate processes across your credit risk management lifecycle. From accurately determining risk levels to proactive risk mitigation strategies that add value, deepen customer relationships, and help guarantee your bottom line.
Our solutions for collections, deductions, and disputes are the most comprehensive available, allowing you to centralize and standardize to improve customer engagement and further reduce days sales outstanding.
Transform your Invoice-to-Pay process with Serrala AP automation and payment software for retailers
Accurate and timely payments to suppliers are a key part of any retailer’s processes and commercial success and vital to good working relationships. Timely, efficient payments are critical to maintaining your inventory, sustaining vendor relationships, and optimizing cashflow.
Accounts payable automation software needs to account for the fact that a business like yours might process millions of incoming invoices every year. That means providing a solution that enhances visibility and control over vendor payments while automating and standardizing the processing of incoming invoices across a host of different locations and business units globally. All while supporting connectivity and scalability across growing and changing business units.
Serrala invoice to pay software for retail companies gives you this capability. Our AP automation and payment solutions help you secure your supply chains, optimize cash flow, and unlock benefits that realize improvements well beyond simple efficiency gains.
Our customers report that our software can save their teams thousands of hours a year across their vendor invoice management and payment processes, from receipt to posting to vendor reporting.
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 supplier spend and enabling touchless processing.
Our software lets your field agents view and approve invoices for payment, on any device, at any time. Your buyers and business users can securely review transaction information and perform needed actions on the spot to ensure timely processing.
A central hub for payment processing across all your ERP and financial management systems streamlines workflows and improves visibility. Simplify payment processing with workflows that automatically route payment requests for review according to standardized formatting rules. Eliminates the need for multiple redundant bank portals with a solution that centralizes your bank formats and connectivity.
Support your business growth with payables and payment solutions that are enabled for global business demands. Quickly onboard new suppliers and handle increasing invoice volumes. Easily meet global payment requirements and banking standards with our managed automation service to service and strengthen global supply chains.\
Rule-based checks of your payment transactions make monitoring for fraud, flagging suspicious activity, and preventing double payments simple. This means you’re only spending on the materials your business needs, and nothing can fall through the cracks.
Manage any format simply with self-service portals and direct connections to your supplier networks ensure faster receipt, processing, and management of vendor invoices. Connect to bank portals or other payment service providers to centrally manage payments and communications for a streamlined user experience, improved visibility, and enhanced control.
Enable straight-through invoice processing and instantly optimize and execute payments. Your organization can use our solutions to define business-wide rules that increase efficiency streamline the entire invoice-to-pay cycle by keeping information flowing through the whole process with minimal manual input. Helping guarantee your supply chain and ensuring satisfied vendors.
Quick and accurate cloud-based invoice capture eliminates manual processing for digital invoices. Providing immediate visibility into supplier spend and enabling touchless processing.
Our software lets your field agents view and approve invoices for payment, on any device, at any time. Your buyers and business users can securely review transaction information and perform needed actions on the spot to ensure timely processing.
A central hub for payment processing across all your ERP and financial management systems streamlines workflows and improves visibility. Simplify payment processing with workflows that automatically route payment requests for review according to standardized formatting rules. Eliminates the need for multiple redundant bank portals with a solution that centralizes your bank formats and connectivity.
Support your business growth with payables and payment solutions that are enabled for global business demands. Quickly onboard new suppliers and handle increasing invoice volumes. Easily meet global payment requirements and banking standards with our managed automation service to service and strengthen global supply chains.\
Rule-based checks of your payment transactions make monitoring for fraud, flagging suspicious activity, and preventing double payments simple. This means you’re only spending on the materials your business needs, and nothing can fall through the cracks.
Manage any format simply with self-service portals and direct connections to your supplier networks ensure faster receipt, processing, and management of vendor invoices. Connect to bank portals or other payment service providers to centrally manage payments and communications for a streamlined user experience, improved visibility, and enhanced control.
Enable straight-through invoice processing and instantly optimize and execute payments. Your organization can use our solutions to define business-wide rules that increase efficiency streamline the entire invoice-to-pay cycle by keeping information flowing through the whole process with minimal manual input. Helping guarantee your supply chain and ensuring satisfied vendors.
Cash management and treasury software for retail
Managing your finances the right way is vital to optimizing inventory and cashflow to ensure success.
Our solutions help you stay on top by empowering you to optimize your cash, plan and forecast your liquidity, take full control of your accounts and mandates, and make intelligent decisions about how you allocate your resources.
Customers tell us that our integrated approach creates better quality data, which in turn makes for an easier and more fluid approach to managing liquidity and financial instruments.
What can our cash management and treasury solutions do for you?
Get the data you need automatically with simple, intuitive configuration, whatever your business makes, and whatever your teams need to know.
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 make strategic and tactical decisions at speed and control and plan spend more accurately.
Retrieve data from a variety of sources for a comprehensive organization-wide overview. Eliminating bottlenecks, ensuring you can always apply cash where it’s needed, and keeping everyone informed of your position in real time.
Flexibly configure your categories for cashflow-based planning, simulations, and scenarios. This gives you a better idea of how to react in a range of situations from supply chain breakdowns to unexpected market changes.
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.
Get the data you need automatically with simple, intuitive configuration, whatever your business makes, and whatever your teams need to know.
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 make strategic and tactical decisions at speed and control and plan spend more accurately.
Retrieve data from a variety of sources for a comprehensive organization-wide overview. Eliminating bottlenecks, ensuring you can always apply cash where it’s needed, and keeping everyone informed of your position in real time.
Flexibly configure your categories for cashflow-based planning, simulations, and scenarios. This gives you a better idea of how to react in a range of situations from supply chain breakdowns to unexpected market changes.
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.
Discover how Serrala AI-powered automation software is transforming the way retailers handle their finances
AWWG – transforming accounts receivable with FS2 Autobank
AWWG is a global fashion retail group integrating well-known brands like Hackett, Faconnable, and Pepe Jeans London. With over 500 stores in 54 countries, and more than 4000 wholesale points, the company faced multiple challenges in their cash application processes, which were complex, highly labour intensive, and creating significant peaks in workload at month close and making it difficult to process payments efficiently – impacting cashflow and overall financial performance.
AWWG turned to Serrala to provide a solution. Our FS2 Autobank solution allowed AWWG to seamlessly manage over 15,000 payments annually with heightened accuracy, automate mail inbox collection of remittance data, and automate processes at a rate in excess of 90% – radically reducing manual input and fueling operational efficiencies.
AWWG chose Serrala’s cash application solution due to their expertise in SAP, fully integrated solution with SAP, connection via cloud services, fully automates solution, mappings for complex remittance advises, and process security.
Connect with us and begin unlocking the full power of your financial processes
