Library · Finance & Controlling
Payment run preparation
Due, approved items are bundled per payment date, cash discount cases first. If a bank detail differs from what was captured, the item is dropped and…
Finance & Controlling · Management / Finance
Overview
Who it's for
Management / Finance
You need
Requires: P8
You get
Payday in five minutes instead of one hour; Early payment discounts used systematically
Problem. Typing due invoices individually into banking, cash discounts by feel — payment day eats up an hour and produces typos.
Solution. Due, approved items are bundled per payment date, cash discount cases first. If a bank detail differs from what was captured, the item is dropped and flagged. You get a proposal list for approval — upload and execution remain 100% with you; there is no partial automation toward the bank whatsoever.
automatic approval manual
Results
- Payday in five minutes instead of one hour
- Early payment discounts used systematically
Key metrics
- Discount rate used > 90%
- Reminders = 0