Treasury Management Internation Logo

Hanse Orga Introduces Innovative Solution for Remittance Advice Automation


Hamburg-  In addition to large and complex remittance advices that are received by a small group of larger clients, many corporations also regularly receive smaller and simpler remittance advices in the form of e-mails, PDF-, Word- or Excel documents. These advices usually contain only a few lines with regard to the invoices paid. Currently this is handled largely manual, leading to inefficiencies and delayed information for the credit and collection teams.

The new 5.1.2. release of Hanse Orga’s FinanceSuite AutoBank Automatic Cash Applicaton, however, delivers now a innovative solution to automate this process. The integration of the remittance advices is handled very flexibly via the embedded OCR solution. This OCR software is specifically designed for interpreting such remittance advices, subsequently link the remittance advices with the bank statement and automatically process the open item. The result is an unparalleled level of efficiency and information is much faster available.

For the first time, the entire end-to-end process is supported with this release to maximize the automation in the cash application process. Companies can realize very significant time savings due to the high automatic assignment rates and reduced manual effort.

“Such a software solution was urgently required, since according to our experience companies increasingly receive such unstructured remittance advices which they could only process manually until today. With the new version of our FinanceSuite AutoBank Automatic Cash Application we are the first provider to deliver an automated processing functionality which is also integrated in SAP®”, says Sven Lindemann, Chief Executive Officer, Hanse Orga.

Most recent episodes

HSBC’s Sibos Spotlight: Investing in the Future – from Diversity to Green Deposits

In the final instalment of HSBC’s Sibos Spotlight, Eleanor Hill (TMI) invites Nadine Lagarmitte and Suraj Kalati (HSBC) to consider how corporates’ attitudes to...


HSBC’s Sibos Spotlight: The ESG Landscape – what every treasurer needs to know

In the third edition of HSBC’s Sibos Spotlight Podcast series, TMI’s Eleanor Hill invites Farnam Bidgoli (HSBC) to provide an in-depth overview of the current ESG...


The Path to Transformational Global Cash Visibility

Davina Bradley (CEVA Logistics) and Conor Deegan (CashAnalytics) join TMI’s Eleanor Hill to explore how treasurers can transform their cash visibility and forecasting within their business in a matter of weeks using a...


HSBC’s Sibos Spotlight: Embedding ESG in Trade and Supply Chains

In the second podcast from HSBC’s Sibos Spotlight series, TMI’s Eleanor Hill speaks to Surath Sengupta (HSBC) about embedding ESG into trade and supply chains....


Lost in Transaction: Overcoming Payments Pitfalls

From simple errors to duplicates, fraud and sanctions violations, there are a number of areas where payments can go wrong – especially in the real-time environment. In this podcast, TMI speaks to Andrew Ferrao...


HSBC's Sibos Spotlight: Central Bank Digital Currencies

The first edition of HSBC’s Sibos Spotlight series sees TMI’s Eleanor Hill joined by Mark Williamson and James Pomeroy (HSBC) to discuss the hot topic of Central Bank Digital Currencies (CBDCs). Our guests discuss...


Payments Vision 2025: The Inside Track

Wim Grosemans, Steven Lenaerts (BNP Paribas) and Wim Raymaekers (SWIFT) join TMI’s Eleanor Hill to outline their vision for the payments landscape in 2025. Our guests consider how recent developments such as instant...


Stepping Out from the Shadows

“Treasurers needs to step out of the shadows and into the sunshine in terms of their strategic contribution.” claims Zitah McMillan, Co-Founder and CEO, Predictive Black. In this podcast, hosted by TMI’s Eleanor Hill, our guest declares that the...


Why the ‘One Size Fits All’ Approach is Outdated - A Cash Segmentation Treasury Masterclass

With the ongoing low interest-rate environment and increasing regulatory change, it’s more important than ever for treasurers...


Instant Payments: Instant Rewards

TMI’s Eleanor Hill sits down in the virtual TreasuryCast studio with J.P. Morgan’s Global Head of Real-Time Payments, Cyrus Bhathawalla, to discuss how treasurers can capitalise on the evolving nature of real-time payments. Our guest contemplates the elements...