Cash Allocation
Late cash allocations can have a direct impact on your financial position.
Matching electronic payments and cheques against invoices and credit notes creates immense pressure for finance departments during month or year-end. Diverting staff from credit control, this often holds up accounts payable with insufficient time to chase payment.
 
This task becomes even more of a headache for large organisations dealing with payments sent through multiple ERPs or to different cost-centres in the organisation.
 
The size and complexity of the job requires a large number of staff hours. And because of the attention to detail required, it’s easy for mistakes to be made.
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Cash Allocation 0
Aurum Solutions
Aurum Solutions
Reduce days outstanding through faster, more accurate cash allocations.

Reduce days outstanding through faster, more accurate cash allocations.

Key Benefits:
  • Seamlessly integrate with ERPs and internal systems.
  • Fully automate data import, matching and reporting.
  • Run on-the-spot payment allocations as soon as the data is available.
  • Improve cash-flow and cash-flow forecasting through faster invoice processing.
  • Ensure control and compliance with a fully auditable workflow.
  • Free up valuable staff time to focus on credit and collection decisions.
  • Generate customised reports with our easy-to-use reporting dashboard.

Digitally transform your cash allocations with world-class technology.

  1. Data import
  2. Data enhancement,
  3. Data matching process
  4. Exception Management
  5. Report and Audit

With Aurum, you can run cash allocations in minutes - as soon as the data is available.

 

Matching bank payments in any currency to any format of remittance advice, it validates values and automatically applies these to your sales and debtors ledgers.

 

It uses machine learning to accelerate cash allocations - spotting payment trends and anomalies in company names.

 

Allocating cash faster and without error, you can resolve open items sooner and increase efficiency by reducing days outstanding (DSO). And through automating these critical financial processes, it is easier to scale as your organisation grows.

Industries
Our absolute focus on excellence enables us to develop industry-leading solutions and establish productive long-standing partnerships.
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Let's get started It's great you want to find out more about our world-class reconciliation and exception management platform.
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