Cash Application Automation for Europe
Learn about the challenges to achieving excellence in Cash Application in Europe, and how automation can help businesses gain exponential advantage.
Cash Application for European operations is significantly more complex than in the USA, especially for Shared Service Operations that serve multiple economies in Greater Europe. This is attributed to challenges such as multiple currencies & languages, integration with multiple ERPs & banks, variation in banking regulations across countries, accommodating multiple digital payments etc.
Modernizing the cash application can enable businesses to address all these challenges and achieve a high auto-cash hit rate. AI-powered document data capture tools and digital assistants can perform up to 90% of the manual operations in Cash Application, generating exponential gains for businesses.