Often times multi-national corporations achieve automation rates exceeding 65% straight through processing when working with North American bank lockbox BAI2 file format. These same corporations achieve very low automation that can be as low as 20% when processing European MT940 file format.
Join us on Wednesday, July 17th 2013 at 10:30am EST - 3:30pm GMT to learn how to ad dress the key problems that are stopping you from automating your SWIFT MT940 bank stat ements across Europe.
Is there issues with the size of the reference fields in your bank statements?
Do you have issues with customers paying by order numbers rather than invoices?
Are you storing customer bank account information?
Do you have a large number of banks to interface with?
How will SEPA changes affect your ability to automate bank statements?
How to deal with big box retailers who flood your business with deductions?
Do you have visibility on your bank statements when you apply cash?
Get your cash application to provide a warm hand-off of deductions to your credit and
collections deductions analysts.
Does your team use bank codes to automate non-Accounts Receivable transactions?
This presentation will also cover the business advantages of fixing your company's MT940 automation problems:
Increase MT940 processing productivity by more than 100%
Address the key problems that are stopping you from automating your SWIFT MT940 bank statements