As an international company for express delivery and logistics services and market leader in the Middle East and emerging economies, Aramex selected the SAP-embedded FS² solutions of Serrala for optimizing its company-wide processes revolving around payments including bank communication, bank statement and remittance advice processing, payment management, cash flow forecasting and cash application. One of the key reasons for Aramex to select the FS² solutions was that they fit in seamlessly with the SAP S/4HANA system environment at Aramex, while providing central visibility of data, and enabling their shared service centers (SSC) to work with the solution along the way. Additionally, the solutions enable highly automated and harmonized processes that reflect the actual business needs better and support a global standard for all Aramex entities and SSC.
Discover proven data management strategies that will help your organization move to SAP S/4HANA quickly and cost effectively. The introduction of SAP® HANA and S/4HANA represents the biggest evolution in Enterprise Resource Planning (ERP) software since SAP was first created by five entrepreneurs in Germany in 1972. The move to in-memory computing systems, however, is more than just a change in the underlying technology of SAP systems. It represents a complete transformation of enterprise systems, laying an electronic foundation that provides the speed, simplicity and integration that businesses need to meet the demands of the digital economy of the future.
Discover how to optimize your entire accounts receivable management and cash application process using well-established best practices for inbound payment processing. For companies seeking to improve the order-to-cash cycle in finance, cash application is a good place to start. By automating this process, companies can tap into a number of benefits. However, in practice levels of automation can vary considerably – so companies should understand the factors which can impede automation, as well as the best practices which can produce the greatest efficiencies.
Centralizing payments has merits especially with regards to visibility and control of company-wide payments. What are hurdles and how can companies get started? Find out in a discussion between Eleanor Hill from TMI and Bart Parren from Serrala.
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