Many Choices, Shared Virtues
- Rapid installation in weeks, not years
- Quick onboarding—little to no training required
- Real-time account access through bank APIs
- Multi-bank, multi-account access
- Inside your firewall for optimal security
- Adopts all ERP authorizations and privileges
- Facilitates secure, cross-functional collaboration
- Automatic workflows reduce manual labor
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
RECOMMENDED APPLICATIONS
myLync
Reconciliation
- 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
RECOMMENDED APPLICATIONS
Approvals
Payments
Status
myLync
- 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
RECOMMENDED APPLICATIONS
Accounts
myLync
Our Full Suite of SAP-Native Apps
Balances
Centralized view of all cash positions, up-to-the-moment available balances, continuous transaction visibility
Reconciliation
Same-day reconciliation, automatic invoice matching, user-trained A.I. creates new rules
Payments
Instant, end-to-end payment tracking, just like a package tracker
Accounts
Centralized view of all global banks, centrally manage signatories and mandates, account status, entitlements and limits
Status
Detailed reject reasons, step-by-step payment tracking from origination to final beneficiary
Approvals
Adopts existing ERP levels and authorization limits, visibility down to invoice amounts
Forecasting
More-precise forecasting leveraging up-to-the-minute available balances and all AP, AR and GL data
myLync
Customizable dashboard with real-time data