More NewsHapag-Lloyd Automates Cash Allocation Processes with Hanse Orga

Hapag-Lloyd Automates Cash Allocation Processes with Hanse Orga

Hapag-Lloyd, a global liner shipping company, has selected the Hanse Orga FinanceSuite AutoBank Automatic Cash Application to standardise and automate general ledger accounting, as well as accounts payable (A/P)/accounts receivable (A/R) accounting.

Previously, all postings were performed manually. These manual processes were time-consuming and expensive, and resources could not be used in an optimal way. The complex structure and the size of the group demanded standardised processes around the globe and thus a solution that could be used internationally.

The requirements the global use of the future software brought about were high, additional functionalities to the ones provided in the SAP standard were needed. This was the determining factor in Hapag-Lloyd decision to use the Hanse Orga’s solution. The complete integration of the software in SAP also has the benefits that the existing SAP installation can be used to avoid interfaces with external systems.

An average automatic assignment rate of 88% has now been achieved. Hapag-Lloyd no longer needs paper-based bank statements and postings are processed significantly faster, facilitated by the standardised posting logic. In order to standardise their processes all over the world, Hapag-Lloyd is currently preparing the global rollout of the FinanceSuite AutoBank Automatic Cash Application.

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