Shared Service Center (SSC) AR Solutions

The Cashbook solution is specifically geared to meet the challenges associated with processing and applying cash in Shared Service Centers for European organizations.

The Shared Service Center (SSC) phenomenon has allowed companies to leverage expertise and resources at one location to serve internal finance departments across multiple business units, sites and countries. In EMEA this means dealing with multiple currencies, multiple payment methods and varying payment and tax rules.

The Cashbook solution has been implemented across EMEA in many different markets. We meet the requirements of the different stakeholders involved with Shared Services and we specialise in integrating with different ERP systems, delivering cost effective benefits at competitive levels.

The Cashbook solution leverages existing investments that you have already made with your legacy system and ‘future-proofs’ that investment by using a Service Orientated Architecture approach. This ensures seamless interfacing of Cashbook with existing systems and horizontal scalability to cater for new systems that may need to be interfaced with due to future business acquisitions.

Features

Benefits

• Yields a high ROI - typically under one-year
• Provides a common platform for applying and processing cash across different ERP systems
• Reduces manual effort and standardizes business processes
• Provides greater visibility on multi-company or multi-platform activities

Financial Scorecard: Ciba Specialty Chemicals

	Before	Target	After
Reporting Days	20	5	5
Reconciliation Differences	5%	1%	<1%
Receipt Lead Time	15 days	1 day	<1 day
AR Per Transaction Cost	$60	$30	$20
AP Per Transaction Cost	$40	$20	$15
Manual transaction volume	100%	10%	5%
SBU’s sharing common data & process	0%	100%	100%
Admin Costs based on Revenue	20%	10%	5%