Case Study: Essentra streamlines bank uploads and electronic payments with Cashbook

An automated solution for European-wide bank upload and electronic payment process

Essentra, a global supplier of plastic and fibre products with operations across 33 countries, needed to automate its manually intensive bank upload and electronic payment processes. Cashbook was brought in to reduce costs and processing time, replacing manual bank statement posting, cash application, reconciliation, and foreign payment entry with a more streamlined approach.

Cashbook implemented an automated bank statement upload and electronic payment solution integrated with Essentra’s ERP, including support for domestic payments and foreign invoice closing. The result was major time savings and better control: three daily bank statements were reduced to just 15 minutes of processing time, while manual journals, manual payment steps, and much of the bank-charge handling were automated.

Essentra

Sarah Cobb

Business Systems Director