Electrolux, a leading manufacturer of household appliances, has stunningly enhanced its cash application processes with Serrala’s FS² AutoBank solution. Using this SAP-embedded solution, the company has been able to achieve automatic matching rates of 73% for bank statements (with peaks of 84% for some company codes) and 67% for remittance advices (with peaks around 78%).
The enhanced automation helps save time and costs and provides Electrolux with a faster and more reliable liquidity overview.
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