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TRANSFORMATIVE ACCOUNTS RECEIVABLE PROCESSING• Singlepaymentdocumentcaptureplatformforavarietyofpaymentandremittanceformats
• DecreasedDaysSalesOutstanding
• 360degreevisibilityintothecashapplicationprocess
• Advanceddiscrepancymanagement
• Lowerscostsandincreasesproductivity
• LeveragesSAPinvestment
SAP® ACCOUNTS RECEIVABLE AND CASH APPLICATION MANAGEMENT
THE BUSINESS CHALLENGEThepaymentslandscapeisexperiencingaseismicshiftthatischangingthewaythatcorporationsmanagetheirAccountsReceivableprocess.
Electronicpaymentshaveincreaseddramaticallyinrecentyearsasbusiness-to-businesspaymentsviacheckaredecliningsteadily,whileAutomatedClearingHouse(ACH)andElectronicDataInterchange(EDI)haveskyrocketed.
Today,corporationsmustbeabletohandledecoupledelectronicpaymentsandremittanceinformation,inadditiontowhatisstillalargevolumeofpaperchecksandremittanceservicesinformationfromtraditionalbanklockboxes.Thisdiversityinreceivableoptionsandlackofstandardization inpayment formatshascreatedsubstantialprocessingchallengesforcorporatefinancedepartments.
THE DOLPHIN SOLUTIONDolphin’scomprehensiveapproachtoautomatingAccountsReceivablepreparesyourorganizationtoeffectivelymanagetheevolvingmixofpaymentandremittanceformatsaswellashandlingthemostdemandingexceptions.With it,youcanofferpaymentflexibilitytoyourcustomerswithoutsacrificingprocessingefficiency.
ThesolutionleveragestheDolphinProcessTrackingSystemframeworkwhichisalsothefoundationforourAccountsPayable,OrderManagementandHumanResourcessolutions. Itaddressesfourkeyaspectsof thepaymentreceiptandcashapplicationprocess.
Diverse Payment Document CaptureManyorganizationsstillrelyonbankstodeliverthepaymentdetailsviastandardSAP®
Lockboxprograms.Dolphinextendsthiscapabilitythroughtheuseofautomatedcaptureofthecheckandremittanceimages,includinganysupportingdocuments,andmakesthemaccessiblethroughthecashapplicationprocessintheSAPsystem.Italsoprovidestheabilitytocapture,extractanddigesttheremittancedocumentsanddatarelatedtoafullrangeofEFTpaymenttypesthatareoftendecoupled,withemergingremittancefileformatsthroughintelligentdataextraction.
Cash Application Optimization and WorkflowManagingpaymentexceptionsiscumbersome.TheDolphinsolutionprovidesa‘wrapper’aroundstandardaccountsreceivableprocessingtogetherwithastandardworkflowenablingautomaticpresentmentoftheremittancedetailimageduringcashapplication.OncetheSAPauto-matchprocesshastakenplace,anyexceptions–includingpaymentsonaccount,partialapplicationsandunidentifiedremittances–caneasilybetrackedandroutedviastandardworkflowroutinestoprovidevisibilityandautomationforroutingtaskstoindividualsorteamswithintheorganization.AdditionallytheDolphinsolutionincludesapowerful InfoCenter,ordashboard, totrackeverypaymentprocessedusingstatuscodestotrackthevariousstagesoftheprocess.
Document ManagementCriticaltothetimelymanagementofexceptionsishavingsupportingdocumentssuchassignedproofsofdelivery,purchaseorders,billsofexchangeandmanyothersimmediatelyavailable.Ourdocumentnavigatorsolutionprovidesa360degreeviewofalldocumentscapturedthroughoutthedocumentflowaswellastheabilitytoaggregate,printoremaildocumentsonthespot.
©Dolphin2013.SAP,SAPNetWeaver,ArchiveLink,ABAPandallSAPlogosaretrademarksorregisteredtrademarksofSAPAGinGermanyandinseveralothercountries.Allotherproductandservicenamesmentionedarethetrademarksoftheirrespectivecompanies.
Discrepancy ManagementPaymentdiscrepanciescanhaveadisastrousimpactonprofitability.DolphinminimizesthisproblembyincludingaDiscrepancyManagementworkflowformanagingpaymentmismatchexceptions.Thisfunctionalityallowsusersresponsibleforcashapplicationtoclearanydiscrepanciesusingastructuredworkflowandtrackingprocess includingfacilitatingcasemanagementofresidualitems,chargebacksandothercredit/debitreasoncodeworkflows.Often,itreplacescurrentExcel,emailandpaperbasedprocesses.Theentirehistoryoftheworkflowalongwithanynotesservesasanaudittrailandisalwaysavailableforauditorcustomerservicepurposes.
ABOUT DOLPHINDolphinleadsthewayinSAPbusinessperformanceimprovementandistheonepartnerthatmanagesbothdataandprocesses.Fromdataandinformationlifecyclemanagementtoend-to-endsolutionsforSAPprocure-to-payandorder-to-cashprocesses,Dolphindeliversacompetitiveadvantagethatdrivescostsavings,optimizescashflowsandfostersa lowertotalcostofownership.LeveragingSAPtechnology,Dolphin’sdatalifecycleandbusinessprocessmanagementsolutions,andSAP-certifiedadd-onapplications,havebuilt-inflexibilityandaredesignedtobetailoredtoeachcustomers’specificbusinessprocessesandITenvironments.
Thecompanywasfoundedin1995andhasofficesinSanJose,CA,Philadelphia,PAandToronto,Canada.Dolphin’ssmart,adaptableandprovensolutionsareimplementedbyhundredsofcompaniesacrossNorthAmericaandaroundtheworld.AmongDolphincustomersaremorethanone-thirdofFortune100™companiesrunningSAPsystems.To learn more, email us at [email protected] or visit www.dolphin-corp.com.
THE DOLPHIN ADVANTAGEDolphinistheonevendorthatcanhelpcustomersmanagethelifecycleofdataanddocumentsacrossanenterprise,assuring integrationand support ofcriticalbusinessapplicationstomeetyourobjectives.Dolphin’sdocument-centricapproachleveragesyourcurrentinfrastructureandtheapplicationsyoualreadyowntodeliveraprocessthatcostsless,isimplementedfasterandhelpsyoumanageyourgrowthoverthelongterm.