Solution: finance operations
The finance back office, end to end
From the supplier invoice to the customer payment: we bring the technology that automates the transactions and reconciliations of order-to-cash, procure-to-pay and record-to-report, and the method to make it your client's new way of working.
The two ends of the back office
The invoices that come in
Xtract reads, approves and posts them.
The money that moves in the bank
DaMap reconciles every movement.
The approvals in between
Cflow runs the workflows the ERP doesn't cover.
What your clients' finance teams tell you
“We still type supplier invoices”
Invoices arrive by email, PDF and paper. Someone keys them in, chases approvals and hopes nothing is paid twice.
“The bank doesn't close”
Card settlements, transfers and fees are matched by hand in spreadsheets, and the gaps are found too late to claim.
“Month-end is a chase”
Open items, intercompany balances and evidence for the auditors pile up in the last days of every month.
Who covers what
The three finance cycles, step by step
Order to cash
Every collection reconciled
- DaMap: cards, transfers, wallets, gateways and insurers, from the sale to the bank, fees and withholdings included
- DaMap: customer balances against the ERP
- DaMap: a real-time view of what was collected and what is still open
Procure to pay
Every invoice posted, every payment matched
- Xtract: reads every supplier invoice, in any format and from any country
- Xtract: approval flow, with or without a purchase order
- Xtract: posts to the ERP and creates the payment order
- DaMap: supplier payments and balances against the bank
Record to report
A faster, audit-ready close
- Xtract: accounting allocation of every invoice
- DaMap: automatic entries from the reconciliations
- DaMap: bank against ledger, internal accounts and intercompany
- Fewer open items at month-end, with traceable evidence
What we add
The process design neither tool sells
Our people have spent their careers in shared services and corporate back offices. We diagnose and redesign the cycles with your team, so the technology lands on a process that makes sense.
Where it ends
We cover the transaction and reconciliation core of the three cycles, not all of record-to-report. Consolidation, financial reporting and planning stay in the ERP and with your client's team.
DaMap and Xtract are two platforms from two vendors that work together, not one integrated suite. Each connects to your client's ERP and bank on its own; we make them one service.
Where to start
Start with the end that hurts most
Two technologies, one conversation with the CFO of the clients you already serve. Begin where the pain is, then grow into the other end.
If the bank doesn't close
Start with DaMap
Used by more than 100 companies (DaMap's figure). Try our revenue-leakage calculator to size what your client may be losing. See DaMap
If invoices are still typed
Start with Xtract
Reads, validates and posts invoices with 98% effectiveness, with up to 40% lower administration costs and more than 50 ERPs connected (Xtract's figures). See Xtract
If approvals get stuck
Add Cflow
Budgets, CapEx, purchase requests and exceptions as online workflows, built without code. See Cflow
Where does your clients' back office hurt most?
Let's talk. A 45-minute conversation to find the right starting point for the clients who already trust you.