SAP Accounts Receivable Cash Application
Managing Exceptions in SAP Accounts Receivable for Fast Cash Application
Today, companies realize that Accounts Receivable is much more than just collecting what is owed. It has become a core business process. It is also a customer-facing process and can be the difference between customers who want to continue doing business with a company or start looking for other vendors.
An efficient cash application process is key. Technology is helping to streamline some traditional AR responsibilities and allowing AR team members to do more important tasks. Many organizations with large volumes of incoming checks experience an all too common challenge for Accounts Receivable centers; that is, resolving discrepancies – deductions and short pays, for example – that occur when the amount of a remittance check is not directly applicable. Additionally, payment media continues to evolve as paper checks become a thing of the past. Biller direct processing is increasing while ACH payments swell email boxes with more manual remittance advices. Meanwhile, customer payment variances continue to grow in complexity and volume.
Dolphin’s Accounts Receivable solution suite, designed specifically for SAP applications, automates discrepancy management and provides visibility into the process. Its flexibility provides many options and document management is addressed seamlessly.
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