Case Study: Petzl America achieves over 90% cash application automation with Cashbook

Automated cash application better reporting and a clear audit trail

Petzl America, the U.S. headquarters of Petzl, needed a simpler cash application process as payment volumes grew. Before working with Cashbook, the team relied on manual entry for cheques and remittance details, had no clear audit trail, and often applied cash before bank processing was complete, creating delays and control issues.

Cashbook implemented a streamlined cash application automation solution with a live, two-way integration to PRMS and support for the bank’s BAI2 lockbox file. The result was over 90% automation of invoices received, reduced manual data entry, faster receipt processing, eliminated trips to the bank to deposit checks, and better reporting with a clear audit trail across both Cashbook and PRMS.

Petzl America

Dianne Anderson

Financial Accountant