Integrate Cash Allocation Automation with Your Existing Oracle Solution
What is the Cash Allocation Solution for Oracle?
Telic Digital’s Automated Cash Allocation solution works powerfully with existing Oracle systems, making financial operations smoother and more efficient. It automatically collects remittance data from various sources like emails, attachments, portals, and Electronic Data Interchange (EDI), then matches it with bank transactions. By eliminating manual work, the system saves time and improves accuracy, allowing finance teams to focus on more important tasks.
Cash Matching Made Simple
The pre-built data export framework ensures that the information is transferred directly into Oracle’s financial systems once the invoices are matched to allow ledgers to be updated in real time, ensuring consistency across financial records. The solution also offers real-time dashboards, providing visibility into cash allocation status and allowing accounts receivable teams to quickly resolve any discrepancies or outstanding issues.
The Benefits of Oracle Integration with Cash Allocation
Faster Issue Resolution
Enables quick identification and resolution of payment discrepancies.
Improved Decision-Making
Provides precise financial data that businesses can rely on for better strategic planning.
Automation of Cash Allocation
Reduces manual work and minimises errors by automating the cash allocation process.
API-driven and Pre-configured Integrations for a Smooth Transition
Integrating cash automation with Oracle allows businesses to improve workflows without overhauling systems. API-driven and pre-configured integrations enable real-time data exchange, automatically syncing payments, reconciliations, and transactions in Oracle. This eliminates manual data entry and reduces errors, with customisation options for specific cash allocation rules. Pre-configured integrations provide a plug-and-play solution that works seamlessly with Oracle, requiring minimal IT effort while ensuring data security and compliance. The result is an efficient, automated financial system that enhances Oracle’s capabilities without disrupting team workflows.