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Solution Provided
CashFlo's Payment automation solution was integrated with their SAP, and now works as a layer on top. The client is using the solution to make all the vendor payments, which automates the bank reconciliation of these payments into SAP, including the inter-division payments. This process has massively reduced the time spent on closing books. In addition to this, CashFlo's solution sends customized payment advice to the vendors, with all the details of adjustments made, invoices cleared and UTR. Checking vendor GST compliance while making payments is helping them to save on any Input tax credit loss with ease.
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