SAP Cash Application
SAP Cash Application is one of the innovative solutions which empowers businesses for developing new strategies with the smart receivable automation manual and intensive financial transaction, processes, etc. It is the intelligent and payment clearing automation which is powered by the SAP Leonardo machine learning. SAP Cash Application can be instantly provisioned and works automatically with the SAP S/4HANA implementation.
The important features of SAP Cash Application are gaining flexibility in the receivable matching process, increasing automation with machine learning, and extracting information from the payment advice documents. Using the matching algorithms cash is applied to different data types. The algorithms are divided into four categories which are matched, unmatched, partially matched, and unidentified. The matched algorithms match payments, invoices, customers, and other transactional information.
This innovative software learns the matching criteria from the historical financial data to the pairing of invoices with the incoming payments. It allows the automated processing of both customer and bank files with the receivables information.
The benefits which it provides to the customers are enabled shared services to scale up the expanding businesses, lowered DSO through machine learning, reduced TCO and time to value.
Companies Using SAP Cash Application, Market Share & Customers List
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