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Efficient processes with Accounts Receivable Automation for Cash Allocation

"Efficient processes with Accounts Receivable Automation for Cash Allocation"

Automating Cash Allocation

Automating Cash Allocation

White Paper: AutoRek

How to Automate Cash Allocation Process?

Organizations are typically distressed concerning upgrading to new technology however automation really saves businesses money by streamlining inefficient financial processes like manual cash allocation which might be terribly resource intensive. Cash automation will bring added value by increasing the speed at which transactions are made, scale back errors and increase productivity of staff by allowing them to focus on more value added tasks to create a more profitable risk free environment.

AutoRek's solutions are purpose-built to improve the quality and efficiency of financial data management, from cost reduction and process efficiency projects, to improving adherence to regulatory reporting requirements. VanguARd™, an automated cash allocation tool matches amounts received in the bank in any currency to any format of remittance advice, approves the values and automatically applies the money to sales and debtors ledgers in order to match to unpaid invoices.

The business benefits of AutoRek includes- reduces production costs of management information and the reliance on IT to cut data and produce reports, reduces financial and operational burden of regulation and improves visibility of adherence to service level agreements.

Move ahead and read the following whitepaper that will address all your questions, including these:

  • What are the key challenges in manual processing?

  • How AutoRek Cash Application works?

  • What are the key features of AutoRek's Cash Application Process?

  • What are the business benefits of AutoRek?

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