Current Account
Bank Reconciliation
SAP Bank Reconciliation.
Compare data processed by financial institutions with entries recorded in the ERP. High efficiency in reconciliation and reduction of time spent on manual work.
The system allows you to establish grouping and opening rules, as well as routing and priority lists, enhancing the scope of reconciliation and matching of entries. Additionally, it also enables reconciliation of deposits and transfers, helping the accounts receivable department to quickly, simply, and securely identify previously unidentified deposits.
Key features:
- Increased effectiveness of automatic reconciliation.
- Quick identification of deposits and payments, who sent them, and which entries are open for that customer or supplier.
- Management dashboard showing pending reconciliation, reconciled items, and daily/monthly closing.
- Significant reduction in hours spent on the activity.
- Increased reconciliation security with cross-referencing of additional information provided in the statement and SAP ERP.
- Use of artificial intelligence to optimize bank transitory clearances.
Compatible with: SAP ECC and SAP HANA.
