In most organizations, especially in the current financial market, an efficient and optimized accounting department is a challenge. There is a strong need to be able to process workloads with higher productivity levels, on reduced resources.

An automated process, ensuring a smooth throughput from bank statements to settled invoices, allows companies to focus on the exceptions. Companies that are successful in this area reap the benefits of reduced costs and resource efficiency. This, in turn, makes a significant difference to the bottom-line. In a rapidly changing environment, agility is vital. To achieve agility, you need the support of a solution you can trust. We have over a decade of experience in delivering solutions which result in customer success. With a flexible solutions like Banking Automation, you are able to enhance your productivity, transform your distributional capabilities, optimize your processes and drive business growth.

Features

Standard CAMT053 import class for European banks
Standard MT940 import classes for major Dutch banks
Use of bank accounts to identify customers and vendors
Additional identifiers can be configured by users
Settlement to open invoices, based on invoice numbers and amounts
Default ledger accounts for e.g. Payment Terminals, Bank Costs
E-mail payment specification for larger payments
Ending balance functionality to assure completeness

Benefits

Streamlined banking processes
No manual keying of bank statements or errors
Automatic settlement of open invoices
Automatic assignment to ledger accounts
Significant cost reduction

Features

Factsheet download

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Banking Automation

by HSO