Automated Internal bank day end/month end with exception monitoring cockpit
This tool checks if the daily statements are posted on top accounts – based on which triggers day end/month end process chain involving posting of payment orders, internal cash concentration, changing posting day, calculating interest and withholding taxes, bank statement generation, balance sheet preparation, GL transfers, run clearing job, and reconciliation. The cockpit will be updated with the status of each process step with possibility to manual restart the process if needed.
Automate your internal bank day end and month end process end to end
Bring down the manual effort to zero – while also running your internal bank efficiently.
Take total control over the automation using our cockpit app. Monitor the success of the day end and month end – with easy restart switches
One place to monitor and handle exceptions.
Product details:
Internal bank Day end/Month end Cockpit
Automate all process steps
Posting of payment orders, internal cash concentration, changing posting day, calculating Interest and withholding taxes, bank statement generation, balance sheet preparation, GL transfers, run clearing job, and reconciliation.
Automated day end/month end solution comes with 1 cockpit Fiori app which perform the following tasks
Day end/Month end monitor
- Statement posting status
- Bank area/run dates
- Chain status from SAP
- Statement distribution status
- Triangle reconciliation status
- Open items list