Testimonial
Shared Services Centers (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:
- 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 standardizes business processes
- Provides greater visibility on multi-company or multi-platform activities
Cash Receipts
At the helm of cash
automation for over 18
years
At SSA Global Europe in Netherlands,
Belgium, Switzerland, Spain, Germany,
France, Denmark, Sweden, Finland,
Norway, Austria, all transactions get
posted via Cashbook. AR receipts, AR
manual receipts, AP payments, AP
manual payments. We work with one
single application for all cash
transactions, Cashbook, from SAI.
Albert van den Heuvel, IT Business Solutions,
SSA Global, EMEA - Customer since 2004
| |
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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