The key reasons for Fabricom to search for a software solution to automate their bank reconciliation process were the desire to decrease the time required for the manual clearing of incoming payments and to have a flexible program with functionalities to implement improvements that do not require development of SAP user-exits or other specific programs. Furthermore, the growth of the group meant that the finance department had an increased workload.
The decision was made in favour of Hanse Orga’s unique software solution AutoBank® for SAP®. The implementation was completed in four and a half months and the aim to achieve a high automatic assignment rate was reached quickly. Now, AutoBank® runs to Fabricom‘s full satisfaction. The Performance Cockpit facilitates a manual clearing that is far easier and they can also see at a glance which back office processes need to be optimised. Hanse Orga’s AutoBank® for SAP® enables Fabricom to use the same tool to process electronic bank statements in various formats.
„The expectations in regard to the result of the project were met completely in the course of our cooperation with Hanse Orga AG. AutoBank® for SAP® is the ideal automatic bank reconciliation solution for us,“ said Pieter van Damme, Manager Financial Shared Services, Fabricom SA.
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