Untitled
This solution is specifically geared to meet the challenges associated with processing and
applying cash in Shared Service Centers for European organisations.

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:

  • Analysis of key baseline processes
  • SSC AR Solutions can include a combination of automated bank statement processing
    (Bank Statement Automation), EDI uploads, Excel uploads, AR Drafts and Direct Debits
  • Automated bank to cash reconciliation for AR
  • Modules can be switched on or off for individual business units or entities
  • Integrates to any accounting system
  • Worldwide bank formats and bank independent
  • Multi-lingual capability

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 standardises business processes
  • Provides greater visibility on multi-company or multi-platform activities

Cash Management Solutions for Shared Service Centers

  Before
Target
After
Reporting Days
20
5
5
Reconciliation Differences
5%
1%
<1%
Receipt Lead TIme
15 days
1 day
<1 day
AP per Transaction Cost
$60
$30
$20
AR per Transaction Cost
$40
$20
$15
Manual Transaction Volume
100%
10%
5%
SBU's Sharing Common Data and Process
0
100%
100%
Admin Cost Based on Revenue
20%
10%
5%
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Shared Services Centers AR Solutions

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Bank Statement Automation
MT940 bank File Format
EMEA Shared Services Centers
USA Bank Lockbox Solution
EDI Uploads
Cash Receipts
Customer Hierarchy
Excel Uploads
Customer Direct Debits
Accounts Receiavable Draft Management
Bank Deposit Slip Reconciliation
Deductions Reconciliation
OCR Remittance Reconciliation
OCR Remittance Reconciliation
OCR Remittance Reconciliation
OCR Remittance Reconciliation
OCR Remittance Reconciliation
OCR Remittance Reconciliation
Testimonial
With the assistance of Cashbook, we
have been able to reduce the amount
of time it takes to apply cash by 50%.

Karen Snyder, Cash Application
Supervisor, Exide Technologies