Case Study: Electrolux achieves 70% automatic matching rates with Serrala FS² AutoBank

Electrolux boosts AR matching to 70% with Serrala

Electrolux, a major appliance manufacturer, faced challenges in its accounts receivable processes with minimal automation and a lack of standardized procedures across its European shared services center. This led to inefficiencies and poor visibility into working capital. To address this, Electrolux partnered with vendor Serrala to implement its FS² AutoBank solution for automation.

By deploying Serrala's FS² AutoBank, which is fully integrated with SAP, Electrolux automated its cash application process. The solution delivered significant results, achieving automatic matching rates of 70% or higher for incoming payments. This automation saved 45% of processing time, drastically improved efficiency, and provided greater transparency into cash flow and working capital for the global business.

Electrolux