automating finance processes n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Automating Finance Processes PowerPoint Presentation
Download Presentation
Automating Finance Processes

Loading in 2 Seconds...

play fullscreen
1 / 9

Automating Finance Processes - PowerPoint PPT Presentation


  • 68 Views
  • Uploaded on

Automating Finance Processes. Christine Whyte . Focus on process expertise AP, O2C, P2P, CSC, HR, Claims, Contracts, etc ”One software for all document on-boarding” Electronic formats are growing XML, PDF-email… Enterprise Capture is everywhere ECM, WF, ERP….

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Automating Finance Processes' - ozzie


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
what are the market trends

Focus on process expertise

  • AP, O2C, P2P, CSC, HR, Claims, Contracts,
  • etc

”One software for all document on-boarding”

Electronic formats are growing

  • XML, PDF-email…

Enterprise Capture is everywhere

  • ECM, WF, ERP…
What are the market trends?
slide3

DOCUMENTS 7

SURVEY/FORMS

DOCUMENTS

CUSTOMER

DOCUMENTS

CustomerSolutions

BUSINESS

DOCUMENTS

BACK OFFICE

ARCHIVING

what is the readsoft ar solution
What is the ReadSoft AR solution?

Sales Ledger Extract

Payment File

Remittance Advice

  • Powerful self-learning accounts receivable software
  • Not wholly reliant on the need for remittance advices
  • Automatically matches up to 80% of incoming payment to invoices in a matter of minutes
  • Complete repository of all payment types and remittances
    • Pre-built interfaces to all major banks
    • Multiple currency support

BACS

Cheques

Faster Payments

Auto Matching – 80%

Filter Exception Payments

Auto Load Matched Payments

Flexible Reporting

UpdateMatchReconcile

Sales Ledger

General Ledger

Bank

automated solution diagram
Automated solution diagram

Cheques

Scanning

Remits

MICR data captured

Correction station to validate £

Continual learning once scanned

ReadSoft OCR software

Image & Data scan

Audit trail

Cheque data file

Remit data file

Automated matching >80%

Software continually learns payment behaviour

Constant on-line visibility of receipts

Manual input only required on exceptions

Cash allocation software

Bank BACS data

All major banks have pre-built interfaces

Sales ledger

Interface to M3 System

Audit trail kept of all transactions

slide7
Typical scenario after implementationAverage of 1,600 payments/day (BACS and cheques) – Double at month end

Other improvements

High customer satisfaction

Storage costs eliminated

Full audit trail

benefits to credit controllers

Covers electronic and offline transactions

Work to a clean sales ledger

View remittances where payment due

Reduce number of ‘already paid’ chase-ups

View cheque and remittance images

Full payment history

Eliminate allocations to invoice and unallocated rework

Full control of the call

Benefits to credit controllers