Client Overview
A leading development firm in real estate commenced its
in 1993
Business Need
Implementing a semi¬-automated process to streamline the manual process of clearing open invoices
Innoval Solutions
-
IVL’s innovative solution, Automated Cash Application, automates manual incoming payment posting in SAP.
- It includes a new screen for easy payment clearing with customer number, invoice amount, and payment amount.
- Users can select and post invoices based on priority with minimal steps.
Business Benefits
- Cash Application automates complex processes, reducing work complexity.
- Semi-automated process fetching data from MT940 file and open customer line items.
- Enables users to clear payments against open invoices through a semi-automated process.
- Saves a huge productive time of the End user.
- Lower total cost of ownership with improved efficiencies
- Enhanced quality of work related to accounts receivable