Our client, the asset finance division of a major global bank, was struggling to control its very high volume bank reconciliations.
Our client - a leading mobile phone and broadband company – was struggling to reconcile their bank and stock prepaid vouchers.
AutoRek client - a major global publishing group – had significant amounts of unallocated cash on its bank reconciliations that it was struggling to apply to its accounts receivable ledger. As a result the cash received could not be linked to a client.
AutoRek client had remittance advices in variable formats and of variable quality, which frequently contained a different value to the amounts billed. The existing process for allocating remittance cash received was deemed too timely and manually intensive for effective credit control.
This presentation from IBM describes their cash applications experience using VanguARd from AutoRek.