Turning AR and AP Insights into Action with Serrala
Meet the Authors
In an uncertain and turbulent marketplace, CFOs are searching for certainty and accuracy. Businesses need to accurately forecast cash flows to optimize their decision-making capabilities, yet they often struggle with a lack of visibility into their treasury data. Even if they can achieve this visibility, they often lack the financial agility to take advantage of it.
Optimizing Cash Management
Many SAP organizations are working with Serrala to access its innovative solutions for cash positioning and cash flow forecasting to manage short-term liquidity. Serrala recently attended the AFP Annual Conference where it highlighted some of its solutions and helped attendees maximize the potential of their treasury environments.
Serrala offers organizations its SAP treasury consulting services, which considers the four key aspects of cash and treasury management:
- Payment Process Management
- Cash Management
- Treasury and Risk Management
- In-House Cash Management
By taking into account the entire end-to-end treasury process, organizations can ensure that they have deep visibility into their cash management workflows, as well as the capabilities to streamline essential functions to make those insights actionable.
Revolutionizing AR and AP
At AFP 2024, Serrala showcased Alevate AP and Alevate AR, its cloud-based solutions for accounts payable and accounts receivable which are designed to streamline processes, boost efficiency, and seamlessly integrate with any ERP including SAP. Organizations struggle with real-time cash flow management with manual workflows creating inaccuracies, delays, and inefficient decision making.
Serrala’s Alevate AP features AI-powered document capture capabilities and automated approvals to ensure speed and accuracy. It also helps organizations comply with global e-invoicing requirements that are growing more common across the world. As SAP organizations make the move to SAP S/4HANA, Alevate AP also helps companies to achieve faster time to value, as it seamlessly integrates with the new deployment.
Alevate AP also provides Gen AI-powered insights that improve visibility both into potential risks, as well as enhanced general visibility through its single-view AP dashboard. The solution has shown the ability to automate up to 75% of manual tasks and accelerate approvals by up to 90%.
As companies seek deeper insights into their essential workflows, Serrala’s Alevate AR delivers a 24/7 self-service payment portal for enhanced customer communications, which helps decrease disputes and collections delays. It also has advanced AI and ML for streamlined efficiency and predictive analytics and cash flow forecasting.
What This Means for SAPinsiders
As organizations look to operate more intelligently, they cannot continue to rely on outdated manual solutions. Yet AR teams spend 40% of their time working on manual tasks. More and more, SAP organizations are turning to partners like Serrala to infuse AI and automation into essential workflows.
Advancing technological capabilities helps organizations to achieve greater transparency into cash management and other important processes while also giving them the agility needed to turn these insights into action. As companies grow and expand, Serrala’s Alevate AR and Alevate AP solutions can scale with them, ensuring that they can continue to operate key financial functions effectively.