SAP ACCOUNTS RECEIVABLE AND CASH · PDF fileTRANSFORMATIVE ACCOUNTS RECEIVABLE PROCESSING • Single payment document capture platform for a variety of payment and remittance formats

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.

888.305.9033www.dolphin-corp.comcontact@dolphin-corp.com

©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 contact@dolphin-corp.com or visit www.dolphin-corp.com.

THE DOLPHIN ADVANTAGEDolphinistheonevendorthatcanhelpcustomersmanagethelifecycleofdataanddocumentsacrossanenterprise,assuring integrationand support ofcriticalbusinessapplicationstomeetyourobjectives.Dolphin’sdocument-centricapproachleveragesyourcurrentinfrastructureandtheapplicationsyoualreadyowntodeliveraprocessthatcostsless,isimplementedfasterandhelpsyoumanageyourgrowthoverthelongterm.