Eliminate the manual elements in your current process, radically reducing operational risk and improving reconciliation transparency.

Simplifies and automates the bank statement processing

Significant savings in time and effort

Ability to run processes much more frequently

The world of reconciliations has never been glamorous, and it has often been underfunded and overly reliant on manual processes. Put bluntly, relying on a spreadsheet for sensitive control functions such as bank reconciliations increases operational risk, reduces accountability and transparency, and has no place in the world of today. This is where AutoCash can help by removing the manual steps in your current process by:

Automating the posting of the cash record debiting the bank account in the cash book and crediting the customer in the sales ledger.

Cash match sales invoice to the payment document changing the pay status in Financials from “available” to “paid”.

Reconcile the cash book within Financials to the electronic bank statement held within the statement tables changing the status and providing a full audit trail.

All three processes can be achieved within the AutoCash application as it will automatically:

  • Load the electronic bank statement into Financials statement tables
  • Post cash documents
  • Match customers & reconcile bank accounts

Accessing the application is simple as AutoCash is a web browser application that resides on the Financials server and uses web services to interface to the Unit4 Financials by Coda application.

Contact us for further details

For further information or to book an online demonstration, please complete the form and a Millennium expert will be in touch.