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
PTS-AR is designed to optimize the cash application process that companies perform using accounts receivable software from
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
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
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