Accelerate AR Automation – How Hitachi Applies Cash before Breakfast
Automating Cash Application on a Global Scale
29 - 04 - 2021 11am CET
AR Automation is a top priority for finance organizations worldwide.
The multinational company Hitachi can be considered a leading example in this matter. They achieved best in class cash application processes by ambitiously aiming for intelligent automation on a global scale.
This way the organization was able to overcome time-consuming manual activities, such as maintaining Excel spreadsheets tofollow up open items or printing of bank statements, receipts, postings.
Applying intelligent technology resulted in a cash application automation rate of 90 % in some of Hitachi’s subsidiaries, strengthening their overall accounts receivables management.
Join our virtual panel discussion on 29 April at 11 am CET, hosted together with Serrala, a renowned provider of credit best-practices with a strong regional footprint in Central and Eastern Europe.
Learn how the leading international technology companies Hitachi centralized and harmonized their cash application processing using intelligent automation within their company-wide project “Cash Applied before Breakfast”:
All cash applied
Improved cash flow, financial control, transparency and compliance by reducing the volume and value of unallocated payments
Running the same centralized cash application process in all Hitachi subsideries around the world
Delivering standardized reporting on cash application and unapplied cash
With this successful project, the organization has won a highly commended Corporate Recognition Award for Working Capital Management of the TMI Award 2018 for Innovation & Excellence using the Serrala Cash Application solution.
Duration: 60 minutes
Registration goes through firstname.lastname@example.org
Moderator: Mark Harrison
Client Speaker: Mr. Neil Murdy, Global Credit Manager at Hitachi ABB Power Grids
Serrala Speaker: Manuel Klaaßen, Manager Solution Architects
Mr. Neil Murdy
Global Credit Manager at Hitachi ABB Power Grids
CEO & Founder Callisto Grand
Manager Solution Architects bei Serrala