Financial Shared Service Center AR Solutions

Meet the challenges associated with processing and applying cash
in Financial Shared Service Centers for Worldwide organizations.

Financial Shared Service Centers (FSSC) have allowed companies to
leverage expertise and resources at one location to serve internal finance
departments across multiple business units, sites and countries. Worldwide
this means dealing with multiple currencies, payment methods and varying
payment and tax rules.

Cforia's Cash Application Solution has been implemented worldwide in
many different markets. We meet the requirements of FSSCs and specialise
in integrating across disparate ERP systems.

Leverages existing technology investments and future proof that
investment by using a Service Orientated Architecture approach. This
ensures seamless interfacing of existing systems and with new systems
acquired during future business acquisitions.

Features

Analysis of key baseline processes.
Fully integrated FSSC AR Solution that includes automated bank

statement processing, EDI uploads, Excel uploads, AR Drafts and

Direct Debits

Automate the bank to cash reconciliation cycle for AR.
Modules can be switched on or off for individual business units or entities.
Integrates to any accounting or ERP system.
Currently supports 150 Worldwide bank formats. New banks formats can be mapped in a week.
Supports multiple languages and currencies..
Automatic processing of GL Write offs, unallocated cash payments with posting to AR and GL.
Includes full reports for AR Allocation, Discount Validation, Posted Journal and Cash Balance.

Benefits

Highly automates a manual process that returns the initial investment in two quarters.
Use a common platform to apply and process cash across different ERP systems.
Standardize business processes, enhance internal controls while increasing productivity.
Provides greater visibility across multiple companies and accounting platforms.