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Testimonial
Automatic Global Payments
ACH Payments
Automatic Electronic Payments
Email Remittance
Bacstel-IP
Cash Payments

Global Payments

This Cashbook module allows companies to run Global payments from one location across
multiple payment banks, accounts and ERP platforms or environments.

You start by running a payment selection for a specific date across all open invoices across
multiple ERPs, Environments and Companies. This payment selection creates multiple open
journals by each environment, region, company and payment account. From there an email-
based approval process is run whereby local Financial Controllers can approve the payment
amounts. Treasury can review payment amounts and then transmit payment files to whatever
bank(s) that are in use. Finally all invoices are updated in their originating ERP systems closing
the accounts payable subledger and creating the necessary general ledger entries.

This module is a revolutionary approach to Shared Service Centers and can save millions on IT
expenditure to create a common ERP/IT architecture across companies.

This module includes Cashbook’s Automatic Email Remittance and becomes even more
beneficial when implemented with the Bank Statement Upload & Bank Reconciliation modules.

Features:

  • JDBC access to multiple ERP systems either directly integrating with system data or via
    staging databases
  • Approval process, ensures excellent workflow
  • Can be adapted for any Bank globally
  • Standard payment process no matter what bank/currency or ERP you are using
  • BACSTEL-IP compliant software
  • IBAN (International Bank Account Number) & non-IBAN payment formats can be generated
  • Complete audit trail
  • Auditable security surrounding vendor/employee bank account details
  • Integrated with Cashbook Bank Reconciliation Module & Automatic Email Remittance
    Module
  • Multiple sites, environments or ERP systems can be catered for
  • Can include check printing in the process

Benefits:

  • Creates the ability to run Shared Service Centers without the need for a common ERP
    platform or version updates
  • Global companies can employ a global solution for all sites across multiple different banks
  • Automated processing of data reduces manual entry and consequently reduces the
    possibility of fraud and increases financial control
  • Elimination of manual effort allows companies to allocate more staff time to other higher-
    value activities
















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Accounts Payable Draft Management
Slashed our AP processing costs by 75%.

Charles Greene, Manager of Information
Systems, Sumitomo Electric Wiring Systems,
USA - Customer since 2001
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Global electronic payments
technology is part of
our course
ACH