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News and Views from the Cashbook team

How is Covid-19 impacting B2B & B2C payment trends?

During the pandemic and the enforced lockdown that occurred in many countries, there have been huge changes with Covid-19 payment trends for both B2B and B2C. In this article, we take a look at some of these Covid-19 payment trends and how businesses had to very quickly adapt their model and payment infrastructure overnight. “Bricks and mortar” outlets had to close their doors and people shifted to online shopping for almost every need. We investigate some of these trends and take a look at some of the winners and losers […]
Changes in payment trends over the last 10 years

The history of payment trends Paper to Plastic Payment trends have changed hugely in the last 10 years, before we examine that time period, we will quickly look at the evolution of payments throughout history. Payments have changed fundamentally down the years. In the two images below, we can see the evolution from the first paper money used in the year 806, right through to checks, wire transfers, credit payments, and finishing with numerous methods of plastic payments up to 1979. Online Payments Once the internet was developed and business […]
Cashbook launch Business Process Outsourcing

Cashbook provides instantaneous outsourcing service for customers For over twenty years, Cashbook has focused upon providing financial software for automating Cash Application, Electronic Payments and Bank Reconciliation processes. During the Covid-19 pandemic, one of our luckier customers became overwhelmed with extra work due to high transaction volumes. A Friday night phone call was made to Cashbook for help, and work began on Monday morning to clear the huge backlog of unapplied cash. With Cashbook’s experienced team of support and product consultants, we were able to offer a two-week business process […]
Three Key Challenges of Cash Application

Cashbook has over twenty years supplying Cash Application software around the world. During that time, we’ve come across many different cash automation challenges. The three key challenges of Cash Application automation are outlined below: Digitizing Remittances Lockbox services involves banks collecting checks from a designated address (usually a P.O. Box) then process these checks on your behalf, and deposit them directly into your bank account. To eliminate bank keying fees, we take images of checks and remittances and use OCR functionality to digitize the data. Special challenges encountered and resolved […]
Cashbook extends reach in Sub-Saharan Africa with Penny Buthelezi

Cashbook is delighted to announce an expansion into Sub-Saharan Africa with our newest partner Penny Buthelezi. Penny is a dynamic entrepreneur with great business acumen and is based in Johannesburg, South Africa. She has pioneered new business models, strategic partnerships and promoted trade and investment growth through business development initiatives. She has a particular focus on international companies looking at expanding their global reach and investments in emerging markets. For over 15 years, Penny has played a pivotal role in strategic and business development for companies such as: Microsoft, Rand […]
Cashbook v5.X – New Features Revealed

Cashbook’s latest release is v5.X. This follows on the footsteps of last year’s v5.9, it includes an incremental group of new improvements. Here is what our users can expect to find in Cashbook v5.X. Reconciliation – With bigger and bigger customers, we have created batch inserts in reconciliation for faster processing within the action buttons, for closing of reconciliations and carry forward processes. New buttons for toggle selected/all like in cash application will help all our users.  New fields for showing carried forward items at a header level help with […]
A St Patrick’s Day like no other

St. Patrick’s Day 2020 St. Patrick’s Day 2020 will be a day to remember long into the future for the Irish people and all those around the world. This national holiday would usually see the streets, pubs and local communities abundant with people celebrating this patriotic day. However, this year there was a disheartening spirit around the country as people were advised to remain in their homes, and to self-isolate amid fears of the recent outbreak of Covid-19. These extraordinary circumstances saw local towns and cities of Ireland deserted, during […]
OCR/Data Extraction – lockbox and remittance automation

The Payments Landscape In North America, the value and volume of ACH payments have increased year on year over the last five years. In 2019, ACH volumes increased by 7.7% to 24.7 billion items, and ACH values increased by 8.9% to $55.8 trillion from the 2018 figures. The volume of business-to-business (B2B) ACH payments were up by 12% at 4 billion items. ACH is rapidly moving towards the most used form of payment in North America. Checks still continue to be the most popular form of payment for B2B transactions. […]
Covid-19: Update from Cashbook on this global problem

Due to the unexpected outbreak of the novel coronavirus (Covid-19) across Europe and the rest of the world. Cashbook have taken essential measures to protect both our staff and customers from the danger of infection. At the time of writing, over 127,000 people have contracted the virus worldwide and 4,700 of those people have sadly passed away. Cashbook take the risk of Covid-19 extremely seriously, and are closely following guidance from the World Health Organisation (WHO) and the Health Service Executive (HSE) in Ireland. Covid-19 is a situation that requires […]
Cashbook are Gold Sponsors of inPOWER 2020

Cashbook are delighted to once again be Gold sponsors of inPOWER 2020 in St. Louis, Missouri. inPOWER is an Infor specific user group for Infor LX, XA and System 21 users in North America. This conference will be held on 17–19th May at the St. Louis Union Station Hotel. Attendees at this 3-day event can expect to avail of numerous breakout sessions, vendor demonstrations and expert-led roundtable discussions. inPOWER is an exciting event for users to network with peers and learn about new developments over the last 12 months. 2019 […]
Martin Whelan – Rest in Peace

It is with great sadness that we announce the passing of our dear friend and colleague Martin Whelan. Martin was one of the Directors of Cashbook and the Chief Technical Officer for over 20 years. He is one of the main reasons why Cashbook is a successful company today. Martin was a larger than life character with a unique personality. If you ever had the pleasure of meeting Martin then you would long remember him after your encounter. A friendly, fun-loving person with an infectious laugh and such a quick […]
Bank Rec Automation – what you need to know

What is Bank Reconciliation? A bank reconciliation (bank rec) is where a company completes a comparison of the cash balances on their general ledger (GL) against their current bank statement information. Any differences in amounts need to be accounted for, and when the two sides are evenly matched the accounts are said to have been ‘reconciled’. This can be a very demanding process for companies, especially when you allow for the level of data that is required to complete a successful bank rec. Bank Reconciliation Issues There are a lot […]
Customer Portal Automation – Cashbook develop new tool

In the world of finance and accounting things are moving fast. Accounting processes, standards and ways of completing tasks are receiving updates more frequently. Especially in the current ‘innovation era’ and the increased advances in technology. New developments can have a large impact on your business. It may lead to financial staff spending more time on additional manual processes. Your company may need to hire people to complete these new tasks, or employees may leave due to the extra manual processes. Automation of manual financial processes is now a must […]
ISO 20022: Cross-border payments usage guidelines revealed

What is ISO 20022? The ISO 20022 standard has been developed to get everyone in the financial sector using a single common language, consistent terminology and formats. It facilitates electronic data transfers between financial institutions, customers, users, suppliers, infrastructures and regulation authorities. ISO 20022 will transform the cross-border payments, securities, funds, FX trading and credit card sectors. It will also help to massively reduce risk and fraud. In Payments, ISO 20022 is widely considered as the essential component to modernise the global payments infrastructure. The financial world is moving towards […]
Inforum 19 – Our review of the conference

In September, Cashbook descended on New Orleans, Louisiana for the Inforum 19 conference. This event attracts 5,000 attendees from over 60 countries over four days. Inforum is our most significant event of the year and Cashbook have been an Infor partner since 2010. This was our ninth successive Inforum conference, so we are seasoned veterans at this stage. A lot of Cashbook customers are running Infor ERPs such as: BPCS/LX, XA/MAPICS, Lawson S3, Lawson M3, and S21. These ERPs are a great fit for our Cash Application automation solutions, and […]
Cashbook win ‘Credit Management Software Team of the Year’ 2019

Cashbook attended the 2019 Credit Team Awards in Dublin on the 18th October. These awards are organised by Irish Credit Management Training and are sponsored by the Business Post. They recognize the achievements of credit teams in multiple industries with a variety of categories. The Credit Team Awards acknowledge the efforts credit teams make in maintaining cashflows for their company throughout the year. Consistent cashflow is hugely important for every business worldwide. Especially with an impending Brexit and the continuous global trade conflicts. Cashbook were involved in two categories this […]
Cashbook exhibiting at Inforum 2019

Cashbook are going to be exhibiting at Inforum 2019 for the ninth consecutive year. Cashbook have been a product partner of Infor since 2010 and been a mainstay at this flagship event. This year’s Inforum is being held in New Orleans at the Ernest N. Morial Convention Center from 23-26th September. At Inforum 2019, Cashbook will be located at Booth #1723 and we will be doing live product demonstrations of our Cash Application, Bank Reconciliation and Accounts Payable software. Come over to our booth and say hello, and discover how […]
Cashbook secure official Chinese trademarks

In August of this year, Cashbook officially received the great news of our successful application for trademarking our Cash Automation software for use in China. These trademarks are to safeguard our specific Cash Automation software products and information, and also to prevent copying or direct imitation by others in China. Importance of a trademark in China. It is hugely important to have a registered trademark for your products in China when you are looking to expand your customer base further in the market. In China, it is very easy for […]
What are ‘Ghost Cards’ and how are they used?

Ghost cards are a name given to a specific kind of bank credit card or purchasing method. They are not a real plastic card like the ones we are acquainted with. Hence the name ‘ghost’, it is precisely a credit card number that is specific to each department within a company. Employees in a specific department can make purchases using this one number. All transactions are then charged to a high-limit charge account. It means that multiple people in each department can make purchases using the same number. Below we […]
Cashbook Rising 2019 – Review of the event

On August 22nd Cashbook Rising 2019 took place in Cincinnati, Ohio. This was our 3rd annual user conference in North America. It was hosted at the offices of our long-standing customer, Formica Limited. Formica have beautiful and spacious offices which are located just north of Cincinnati. They have been a customer of Cashbook for over 15 years now, and use our cash automation software all over the world. Cashbook Rising attendees came from as far as Canada, California, and Columbus, Ohio! We had a full action-packed day of learning, sharing […]
Cashbook experiences huge 35% growth in the first half of 2019

Cashbook who are headquartered in Limerick, Ireland provide cash automation software solutions to clients all over the world. We also have offices in both Amsterdam and Chicago, and have customers from San Francisco to Shanghai and everywhere in between. Cashbook software helps organisations to achieve spectacular levels of automation in accounts receivable, accounts payable and bank reconciliation functions. Cashbook uses a unique blend of artificial intelligence, machine learning and robotic process automation to automate complex financial procedures. The first half of 2019 saw Cashbook record a huge 35% growth in […]
Use of QR codes in Cash Automation

What is a QR code? The use of QR codes in Cash Automation is an interesting development. A QR code is a type of matrix barcode. QR codes can store information in both horizontal and vertical directions. This allows them to potentially hold a huge amount of information. QR codes were previously used in advertising, upon scanning a QR code on an advert, it would bring you directly through to the company website or specific products and offers. QR codes are the information portal of choice for Moyee Coffee, who […]
Cashbook flexibility – customizable cash management software

“Software flexibility” – The ability of software to change easily in response to different user and system requirements. McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc. Customizable cash management software is a key requirement to solving the specific challenges which finance departments face in 2019. Cash automation software is no longer seen as an expensive trend, it is now a necessity to stay ahead of your competitors by streamlining your finance department.  Maintaining a steady cashflow throughout the financial year and getting […]
Cashbook – The preferred Cash Application automation software partner

At Cashbook, we offer a complete suite of Cash Application automation software modules: Accounts Receivable, Accounts Payable and Bank Reconciliation. We also supply useful Deductions and Portals automation tools as part of our software solutions. Cashbook can automate all of the main finance functions and solve enormous pain points for our customers. All of our competitors offer only a part of the full product suite that we do. Cashbook are the only one-stop Cash Application automation software providers in the market today. Our many years of cash automation experience, industry-leading […]
Introducing Jaan Kivilo in Business Development role

Cashbook would like to welcome Jaan Kivilo to the Cashbook team. Jaan is Swedish and has joined the team in a Business Development role covering the Nordics region of Europe. He brings with him a great knowledge of financial processes, cash management automation and ERP integrations in the Nordic Treasury/Fintech sector. Jaan qualified with a degree in Economics from the University of Gothenburg, and followed this up with a Master of Business Administration (MBA). It was in Gothenburg University that Jaan developed a passion for the financial sector. He speaks […]
Cashbook launch new partnership with iCore in the Nordics

Cashbook have recently started a partnership with iCore who are based in the Nordics region of Europe. iCore are a leading provider of business integration solutions, tools and expertise. They help companies connect their systems and applications, take control of their business processes, and make better use of their data. They do this by providing strategic solutions for business integration based on their specialist platform and expertise. We are excited about developing a long and successful partnership. One that will bring increased value to our shared customers, and help them […]
Cashbook Rising 2019 announced for Aug 22nd in Cincinnati

Cashbook Rising 2019 – Our user and partner conference Cashbook are delighted to invite all of our users and partners to join us for Cashbook Rising 2019 in Cincinnati, Ohio on Thursday 22nd August. This is our annual user and partner conference in North America. After the great success last year in Washington D.C., we have decided to hold our 2019 event in the Mid-West. The event itself will be hosted at the HQ of our longstanding customer, Formica Corporation. Formica have been a customer of Cashbook for over 10 […]
Cashbook v5.9 – New Features Revealed

Cashbook’s latest release is v5.9. This follows on the footsteps of last year’s v5.8, it includes an incremental group of new improvements. Here is what our users can expect to find in Cashbook v5.9. Lawson S3 ERP Integration: Integration with Lawson S3, inbound data and outbound Posting File GL165 and Reconciliation file CB185. Bank Statement Import: Enhancements to auto-coding, assignment of Owner and Transaction Source. Health Sector AR Billing Agencies: Imports of EPIC and JDM Posted Cash Files. Portals: Development of Portals for integration with Lawson S3 AR, AP and […]
Epiroc go-live with Cashbook in European SSC

Company: Epiroc Epiroc is a leading global productivity partner for the mining and infrastructure industries. With cutting-edge technology, Epiroc develops and produces innovative, safe and sustainable drill rigs, rock excavation and construction equipment and tools. The company also provides world-class service and solutions for automation and interoperability. Epiroc are a leading partner for both mining equipment and infrastructure equipment. They have their European shared service center base in Prague, Czech Republic. Business Challenge Epiroc Czech were specifically looking for a solution that could automate their Cash Application and Bank Reconciliation […]
Cashbook – Upcoming Webinars

Cashbook have 4 upcoming webinars in March, April and May 2019. These webinars are all 25 minutes in length and will highlight our Cash Application automation software modules. The first webinar will be on how Cashbook integrate our Cash Application automation software with Infor XA. The second will focus on Cash Application automation with email remittances. The third webinar will focus specifically on Bank Reconciliation automation. The final webinar will be industry specific – and will be on Bank Reconciliation automation for Healthcare. Cashbook integrates seamlessly with over 15 different […]
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