New software enhances electronic receivables processing with the ability to match decoupled electronic payments and remittance advices
Morgan Hill, CA and Toronto, Canada (PRWEB) October 20, 2013
Dolphin Enterprise Solutions Corporation (Dolphin), an SAP® software solution and technology partner, today launched a new solution under its Accounts Receivable solutions portfolio for SAP solution environments. The new Dolphin solution rapidly accelerates the processing time of electronic payments by automating the capture of remittance information and its matching to the decoupled electronic payment. This new feature extends the benefits of Dolphin’s Process Tracking System for Accounts Receivable (PTS-AR) with the ability to now process any payment transaction type.
The solution enables the processing of decoupled electronic payments and remittance information in payment formats including ACH and wire transfers. Decoupled remittance advice information can be imported through the PTS-AR gateway as web downloads, email attachments or text within the body of the email. Dolphin’s configurable data parsing, open item resolution and reason code matching logic automates and simplifies correlation of the separate pieces of the transaction. This component can be complemented with optical character recognition (OCR) for unstructured email attachments such as PDF files or web download automation components to further improve process productivity. The result is reduced processing costs, minimal user intervention and faster cash application.
“Electronic payments such as ACH or wire are the fastest growing payment methods between businesses. However, the process of matching the open AR and electronic payment with the proper remittance details capture can be costly, complicated and impact cash flow,” said Vishal Awasthi, Dolphin’s Chief Technology Officer. “By automating this process within SAP environments with Dolphin’s new solution, businesses can now recognize improved efficiencies to drive cost savings, unlock additional cash flow and further optimize their existing investment in SAP technology. We anticipate this solution will further enhance Dolphin’s position as a multi-channel receivables gateway solutions provider.”
PTS-AR is designed to optimize the cash application process that companies perform using accounts receivable software from SAP AG. Additional benefits of PTS-AR include discrepancy management, 360 degree visibility in the cash application process, and decreased days sales outstanding (DSO).
Dolphin, which offers an extensive portfolio of business process and data management solutions exclusively designed for SAP environments, is participating in SAP TechEd Las Vegas Oct. 21-25 and will be in booth 118. As a leading provider of SAP add-on solutions that work with more than one third of FORTUNE 100™ companies deploying SAP environments, Dolphin has experienced record growth for four consecutive fiscal quarters.
Dolphin leads the way in business performance improvement for companies running SAP solutions and is the one partner that manages both data and processes. From data and information lifecycle management to end-to-end solutions for procure-to-pay and order-to-cash processes based on SAP software, Dolphin delivers a competitive advantage that drives cost savings, optimizes cash flows and fosters a lower total cost of ownership. Leveraging SAP technology, Dolphin’s data lifecycle and business process management solutions and add-on applications with SAP-certified integration have built-in flexibility and are designed to be tailored to each customer’s specific business processes and IT environments.
The company was founded in 1995 and has offices in San Jose, CA, Philadelphia, PA and Toronto, Canada. Dolphin’s smart, adaptable and proven solutions are implemented by hundreds of companies across North America and around the world. Among Dolphin customers are more than one-third of Fortune 100™ companies running SAP systems. To learn more, email us at contact(at)dolphin-corp(dot)com or visit http://www.dolphin-corp.com.
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