Cashbook. One single, fast, intelligent, automated cash application softwaresolution.
With the new Cashbook cash application automation solution in place, bank accounts are reconciled daily to ensure there are no surprises at month end. Bank statements are uploaded into the cash application software solution on a daily basis. Journals within Cashbook are worked on by individual users who apply the cash to the appropriate customer accounts and ledgers. On a weekly basis, payments are completed to vendors through a simple selection process which shows in total vendor payments and all invoices selected. Once satisfied, users create a transmission file that gets uploaded into their banking software.
Full Bank & ERP Integration
One single payment process regardless of bank, currency or ERP
- Standard payment process no matter what bank, currency or ERP is used.
- Full integration with ERP.
- Greater banking integration.
- Can be adapted for any bank globally.
More Advanced Intelligence
Powering an unprecedented level of automation; massively reducing manual entry
- Single point of entry for all cash processing.
- Replaced LX ACP600, ACP620, ACP650 with Cashbook Global Payments.
- De-selection of invoices, vendors and companies occur with ease prior to payments being completed.
- Central payment process has replaced multiple heterogonous methods in different countries for payroll and vendor payments.
- Automatic email remittance solution has reduced time and costs of payment process.
- Overall, reduced processing time of payment runs.
- One standard method of treating inbound and outbound cash receipts and payments has reduced complexity in the finance department.
- Matching algorithms in place to automatically close invoices.
Greater Financial Control
A clearer window into cash management for Camloc
- Complete audit trail and SEPA compliant including XML/XSL reports.
- Bank statements automatically uploaded.
- Simplification of daily bank statement process.