The process of bank statement processing begins with the import of the files. iEBS completely automates the import and enhances the standard with new functions that significantly optimize this process step.
The Intelligent Bank off statement.
You might have noticed it: the standard function you use for automatic posts and clearing in your account report in SAP is limited. In the end, there are always some posts left so you have to reprocess manually. However, we have prepared something for you: The Intelligent Electronic Bank Statement (iEBS) Solution in our Financial Treasury Suite.
Why intelligent? Because it is artificial intelligence that makes iEBS amplify efficiency. This solution completely automates the uploading of statement files, posting them automatically and optimising automatic cleaning rates with machine learning. This article will learn which individual functions that relieve you from manual work and how they help improve and accelerate bank reports processing in your company.
Imported the bank reports file fully automatically.
The bank report processing process starts with importing files. iEBS fully automates imports and increases standards with new functions that significantly optimize this process of process.
iEBS can, among other things:
- Split statement file and/or join and filter
- forward this statement to the next application
- Bulk imports all standard SAP formats - including multicast
- Send import status via email.
Accounting Department only regulates the rules of accounting and clearing itself.
In the post and clearing process step, you will see how iEBS is user-friendly. Posting Rules and Clearing Criteria needed for bank report transactions can be maintained far more comfortably and easily than with other solutions.
For this purpose, we have developed a user mode, which is easy to use: allows people responsible for configuring the determination of the bank report hostage rules quickly and directly in the production system.
In expert mode, more complex derivatives can be easily regulated. But don't worry: no programming knowledge is needed for this.
To determine the rules of the post and clearing criteria, you can make the following settings:
- The criteria that define when to apply accounting rules - business transaction codes, and transaction goals, can be used.
- Criteria for selecting open items to be cleaned (such as open creditors or debtor invoices). This goes far beyond the standard SAP algorithm ability.
- Additional account assignments, such as cost centres or branch offices.
- This machine learns from employees - and optimizes clearing levels.
Artificial intelligence or not: Most of the knowledge in any company is still held by employees. And Ieb is smart enough to realize that he still has to learn a lot from them. Our "learning clarification", as we call machine learning in iEBS, adjusts this human knowledge. As a result: our solution continues to increase automation, thus optimizing clearing levels - and reducing manual work in the accounting department. This makes more time for things that create additional value for your company.
Finally: tools for monitoring and analysis.
Good follow-up work includes high-quality monitoring analysis and options. iEBS increases standard monitoring and gives you insight into automatic import bank report files. You not only see whether the file has been imported. If an error occurs, you also find out why files cannot be included - for example, because the home bank account configuration is lost.
Advanced analysis tools from iEBE allow you to analyze the automatic clearing levels regularly with bank accounts and business transactions. In addition, the research tool allows you to search directly in bank reports - for example, to look for the contents of the intended destination.
Easy merger: the actual surface looks the same.
iEBS solutions are optimized for SAP ERP ECC and S/4HANA - and use the SAP standard interface. Therefore, you don't need to change your habits but can quickly integrate new functions into your daily work.
Our consultants will be happy to support you.
We offer a compact assessment where we jointly identify and evaluate the potential optimization of your current process. Don't hesitate to arrange an initial meeting without an obligation.
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