SAP Cash Application is an intelligent receivables matching solution that leverages embedded machine learning to automate the traditionally manual process of matching incoming payments with open invoices. By continuously learning from historical data and accountant actions, it adapts to customer- and country-specific behaviors, enhancing the efficiency and accuracy of accounts receivable operations. This automation reduces days sales outstanding , lowers total cost of ownership , and allows finance teams to focus on more strategic tasks.
Key Features and Functionality:
- Flexible Receivable Matching Process: Offers options for automatic posting and clearing, scheduling receivables processing as single runs or recurrent jobs, and matching open items and customers.
- Increased Automation with Machine Learning: Continuously learns from accountant behavior to apply insights to future payments, automating and improving the accuracy of the labor-intensive clearing process, and enabling accountants to focus on complex cases requiring manual intervention.
- Extraction of Information from Payment Advice: Intelligently classifies regions on documents, identifies and extracts relevant information, and automates the matching of payments to invoices.
Primary Value and Problem Solved:
SAP Cash Application addresses the inefficiencies and high manual effort associated with traditional cash application processes. By automating the matching of incoming payments to open receivables through machine learning, it accelerates payment processing, reduces DSO, and enhances customer service performance. The solution also lowers TCO by improving operational efficiencies and scales with business growth, supporting shared services and maintaining processing workflows through integration with SAP S/4HANA Cloud and on-premise systems.
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SAP Cash Application CommunityProduct Description
SAP Cash Application is an intelligent receivables matching solution that leverages embedded machine learning to automate the traditionally manual process of matching incoming payments with open invoices. By continuously learning from historical data and accountant actions, it adapts to customer- and country-specific behaviors, enhancing the efficiency and accuracy of accounts receivable operations. This automation reduces days sales outstanding , lowers total cost of ownership , and allows finance teams to focus on more strategic tasks.
Key Features and Functionality:
- Flexible Receivable Matching Process: Offers options for automatic posting and clearing, scheduling receivables processing as single runs or recurrent jobs, and matching open items and customers.
- Increased Automation with Machine Learning: Continuously learns from accountant behavior to apply insights to future payments, automating and improving the accuracy of the labor-intensive clearing process, and enabling accountants to focus on complex cases requiring manual intervention.
- Extraction of Information from Payment Advice: Intelligently classifies regions on documents, identifies and extracts relevant information, and automates the matching of payments to invoices.
Primary Value and Problem Solved:
SAP Cash Application addresses the inefficiencies and high manual effort associated with traditional cash application processes. By automating the matching of incoming payments to open receivables through machine learning, it accelerates payment processing, reduces DSO, and enhances customer service performance. The solution also lowers TCO by improving operational efficiencies and scales with business growth, supporting shared services and maintaining processing workflows through integration with SAP S/4HANA Cloud and on-premise systems.
