Your Best Choice Cash Application Software for Intelligent AR Automation
Cash Application for SAP
Smart Cash Application in SAP with FS² AutoBank Software
Achieve unprecedented customer payment matching and reconciliation rates and highest levels of automation, peaking at 99% – with FS² AutoBank, the most comprehensive cash application software for SAP. Driven by AI matching functionality, FS² AutoBank optimizes your accounts receivables (AR) management by offering a compelling end-to-end experience, automating every step of your cash application process within SAP.
Drive Cash Application Success with Intelligent Automation and Tight Integration into SAP
FS² AutoBank automates your incoming payment processing and accounts receivables management, reduces costs, and minimizes DSO-related risks. The solution decreases manual efforts, eliminates human errors, and enables faster cash allocation in real-time by automatically processing payment data from bank statements, remittance advices, PSP settlement and lockbox files.
Worried about outliers that may not comply with your pre-defined matching rules? Not a problem – FS² AutoBank applies intelligent self-learning logic to items that are not automatically processed, speeding up any manual inputs that may be needed. Business unit managers are empowered to own and flexibly adjust posting rules and filters ad needed, eliminating the reliance on IT or external vendors, thereby preventing delays in the core reconciliation process.
Highest Possible Automation Rates with Intelligent AR Automation
Our cash application software for SAP solution achieves automation rates of up to 99%, reduces unallocated cash by 90+ % and provides up to 100% transparency by monitoring important KPIs. Self-learning matching capabilities, powered by artificial intelligence (AI), seamless integration into SAP, and intelligent automation ensure streamlined and future-proof cash application processes.
Best-in-Class Cash Application software for SAP – Trusted by AR Teams Worldwide
Our cash application automation software combines a high level of automation with intelligent functionalities and is fully integrated into your current SAP environment – S/4HANA or previous systems. Serrala is the single most experienced vendor for cash application automation in SAP, offering the strongest functionality for any global scenario, while at the same time successfully solving regional challenges in any industry. More than 500 successful implementations with high customer retention rates underline the customer satisfaction towards our cash application for SAP solution, over the course of more than 35 years of experience.
Request a demo now!
Benefits
Why you should choose our Cash Application software for SAP
Real-Time Cash Allocation
Process Automation
Transparency
Seamless Integration
S/4HANA & Fiori-Ready
Business User Ownership
Still have questions?
Serrala optimizes the Universe of Payments
for organizations that seek efficient cash visibility and secure financial processes.
Capabilities
AI & ML Technology
Powered by AI and Machine Learning, human created rules and technology work together for best possible matching results
Covers All Incoming Formats
Intelligently automated process for data input, classification and recognition, extraction, posting, and exception handling
Compliance and Workflow Features
Integrated workflows for clarification, posting, rule creation, anti-fraud and anti-money laundering
Cash Application Automation
Automates the entire cash application process globally – from data entry, format processing, and payment matching all the way to reconciliation and reporting.
Real-Time Analytics for Full Transparency
More than 400 pre-build reporting KPIs available, including automatic matching rates, DSO, customer payment behavior and many more
User Experience
Intuitive and easy to use solution with a responsive FIORI interface and an end-to-end cash application process in one screen
Customer Stories
From Zero to Hero: Medtronic Automates Cash Application
Optimizing the working capital is a core focus for Medtronic, and this is, what FS² does. By applying cash before having breakfast, the solution streamlines the bank reconciliation and cash allocation processes thereby improving our overall liquidity planning. The journey to automation really starts now.
John Murray - Director of Business Transformation/Enterprise Excellence, and Paul Miseré – Treasurer EMEA
ABB’s Award-winning Cash Application Project
Our ultimate target is to apply cash before breakfast. This presents benefits to customers as well as giving us more transparency that, in turn, enables our collection teams to be more effective.
Neil Murray, Group Accounts Receivable (AR) Manager, ABB
Optimizing the Receivables Management in a Global Shared Services Landscape
Our users worldwide are very satisfied, because the usability of Serrala´s Automatic Cash Application is high and the system is robust. Thanks to that, we are gradually coming close to our goal of achieving high automatic processing rates and better processes in order to save time and costs.
Nico Mueller, Portfolio and Process Management
FAQ
Supporting Fiori and being S/4HANA-compatible, our SAP-integrated cash application software FS² AutoBank is a future-proof solution for your AR Automation. SAP-Users benefit from real-time cash application resulting in reduced DSO due to intelligent automation, resulting in less manual effort and repetitive tasks.
Many companies experience low automation rates due to country and industry specific cash application challenges. With Serrala´s FS² AutoBank for SAP you will automate the cash application process from end-to-end, achieve highest possible automation rates up to 98 % and you will reduce manual and repetetive tasks by 85 %. Our SAP certified software accepts all common formats from banks (statements, Lockbox), customers (all types of remittance advices) and payment service providers (settlement files).
Thanks to high automation rates and optimized manual postprocessing of FS² AutoBank for SAP the incoming cash will be allocated early in the morning and ensures that the AR department has the best possible basis for their daily business and customer accounts are up to date. To give users the right view and full transparency on the cash application process and to set the right priorities FS² AutoBank for SAP provides different KPI reports and important information about the activity status of the cash allocation.
With seamless integration into SAP, our cash application software enables highest possible matching rates by leveraging all ERP data, while providing a familiar look and feel for maximum user-friendliness. The native SAP integration also eliminates the need for any interfaces or duplicated data sources.
Serrala´s cash application software drives finance success for organizations aiming to build end-to-end AR Automation. Our cash app for SAP does not only improve DSO and provide more working capital by automating repetitive and manual activities, it also positively impacts up- and downstream-AR processes, such as credit, collections, and disputes by analyzing customer behavior and providing crucial information.