SAP-Native Treasury Apps

Access to always-on, real-time data gives you visibility into all cash positions and facilitates precise forecasting.  Traditional bank connections—SWIFT, file transfers—frustrate the ability to get precise account data when you want it: in real time, not on the banks’ schedules. Bank portals require separate screens, physical tokens and log-ins for each bank, increasing the work necessary for importing, integrating and analyzing your data. FinLync’s SAP-Native Apps for Balances and Forecasting slash through the technology obstacles, providing:

• Immediate, secure embedment of bank data into your SAP
• Consolidated, global, multi-bank visibility
• Automatic reconciliation of available balances with your general ledger
• Powerful analytics for cash positions, liquidity and currency exposures
• Drill-downs to forecast by region, currency and/or company codes
• Minimal onboarding effort and maintenance

Automatic reconciliation to reduce manual workload, increase accuracy and accelerate the financial close. For accounting, few things are as labor-intensive as the reconciliation of transactions and the general ledger. It means drawing timely data from many sources, and investigating any exceptions that may arise. FinLync’s SAP-Native apps fulfill same-day reconciliations as transactions occur, applying artificial intelligence to continuously absorb and improve rules as you “teach” it through ordinary use. With FinLync, you can:

• View insights on what types of exceptions are most common so you can prioritize areas for improvement
• Get real-time reconciliation through automatic transaction-matching throughout the day
• Reconcile multiple accounts across different banks
• Accelerate financial close with same-day reconciliation
• Apply cash to clear receivables in real time to release held shipments or free up credit

Reduce fraud exposure and increase certainty through instant payment tracking. Manual payment workflows among various people and places can introduce unwanted opportunities for fraud. FinLync SAP-Native apps introduce a higher level of security by applying SAP’s synchronized messaging to replace the exchange of vulnerable payment files, reducing fraud while providing instant, end-to-end traceability of your payment, just like a package tracker. With FinLync, treasury teams get:

• Instant, end-to-end monitoring and tracking of payment transactions, including critical treasury payments
• Comprehensive end-to-end visibility of all payments down to the invoice level and bank details
• Automated approval workflows in SAP
• The ability to set and control approvers at different levels
• Fees exposed at each payment step
• Support for bank messaging in all countries and all formats

Centralize account access to eliminate multiple logins, IDs, and tokens  Managing multiple access lists, identifications and physical tokens across multiple accounts is a time drain and increases the risk of fraud for treasury. FinLync SAP-Native Apps eliminate the authorization clutter, using established SAP permissions to give appropriate parties easy access to all bank account data. FinLync streamlines your workload by:  

• Giving you one-login access to all your accounts and mandates 
• Simplifying data access security through tested bank APIs 
• Leveraging existing SAP rules for authorizations, signatories, entitlements, and limits 
• Maintaining contact records for all relationship managers and authorized users