Case Study: Essentra achieves faster bank processing and automated payments with Cashbook

Essentra cuts bank statement processing to 15 minutes with Cashbook

Essentra, a global supplier of plastic and fibre products, approached Cashbook to automate its manually intensive bank upload and electronic payment processes. The challenge involved significant time spent manually posting bank statements into its ERP, applying cash for accounts receivable, and performing manual bank reconciliations, all without automated controls or ERP integration for payments.

Cashbook implemented its cash automation solution to provide full bank and ERP integration. The solution automated the bank statement upload, electronic payment runs, and the identification of transactions, which drastically reduced processing time. As a result, Essentra now processes three daily bank statements in just 15 minutes, achieving a major reduction in both manual effort and bank charges.

Essentra