The new Discrepancy Management module will help companies reconcile inconsistencies in payments...
West Chester, Pa. and Morgan Hill, Calif. (PRWEB) May 08, 2013
Dolphin, a solution provider and SAP software solution and technology partner, announced today the availability of a Discrepancy Management module for its newly enhanced Process Tracking System for Accounts Receivable (PTS-AR). PTS-AR is designed to optimize the cash application process that companies perform using accounts receivable software from SAP. The new software from Dolphin can work independently or complement SAP® financial supply chain management software.
The new Discrepancy Management module will help companies reconcile inconsistencies in payments such as short pays, charge backs and other customer deduction related issues using a structured workflow and Dolphin’s process tracking solution. It replaces spreadsheets, email and other paper-based processes to clear discrepancies faster and more accurately through standardized workflows. Detailed history is also saved to preserve an audit trail always available for customer service and compliance purposes.
“Dolphin’s comprehensive approach to automating and optimizing accounts receivable prepares organizations to effectively handle the evolving mix of diverse payment and remittance formats, as well as the most demanding discrepancies, currently challenging corporate finance departments,” said Vishal Awasthi, Dolphin Chief Technology Officer. “Payment discrepancies can have a disastrous impact on profitability, but when properly managed, organizations will benefit from increased payment flexibility to customers without sacrificing processing efficiency.”
The proliferation of electronic banking has created a dramatic shift in corporate payment options. Businesses must be capable of handling decoupled electronic payments and remittance information in addition to a large volume of paper checks and traditional remittance service information from bank lockboxes. In addition to discrepancy management, Dolphin’s accounts receivable and cash application management solution for SAP environments also addresses ACH remittance data extraction and import, cash application optimization workflow, and document management. The solution helps customers more efficiently manage the lifecycle of payment/remittance data and documents within an SAP environment to achieve optimal business performance improvement.
Dolphin is a leading solutions provider and SAP partner that helps SAP customers manage the lifecycle of data and documents across an enterprise, assuring integration and support of critical business applications to meet organizational objectives. Dolphin’s document-centric approach leverages customers’ current infrastructure and existing applications licenses to deliver a process that costs less is implemented faster and helps manage growth over the long term.
To learn more about Dolphin’s solutions for improving business processes including cash application and deduction management, stop by booth #1725 at SAPPHIRE® NOW, May 14-16.
Focused on improving business performance through transformative Business Process Management solutions and Information Lifecycle Management, Dolphin provides the right solution for each customer, faster, through its unmatched experience in SAP technologies and its proven best practices, tools and SAP-certified add-on applications. Dolphin improves business and IT performance, lowers total cost of ownership and delivers a high return on investment.
The company was founded in 1995 and has offices in Philadelphia and San Jose. Dolphin solutions are implemented across North America and around the world. To learn more, go to dolphin-corp.com or email contact(at)dolphin-corp(dot)com.