Automated Posting
Automated Posting
Transactions in treasury and cash management generate accounting entries that must be recorded by every company in accordance with proper accounting principles. This is almost always handled centrally, although in some cases it is carried out at several locations, using different financial accounting systems or ERP versions, and sometimes in accordance with different accounting standards.
To enable the automated posting of financial cash flows, valuations and interest accruals, rule-based mappings are configured to assign the relevant transactions to the appropriate general ledger accounts. The posting trigger is generally the appearance of the transactions in the bank accounts, as this officially confirms that the cash flow occurred on a specific date. However, advance posting is also possible immediately after a transaction or cash movement has been recorded in the Treasury Management System.
Trinity TMS Functions at a Glance
- Individual definition of account assignment and posting rules
- Rule-based, automated generation of posting instructions
- for one or more accounting systems, such as SAP, Microsoft Dynamics or UNIT4
- for different accounting standards, such as IFRS or Swiss GAAP
- Valuation adjustments in accordance with the gross principle
- postings can be generated on the basis of
- posting instructions and/or
- electronic bank statements
- Posting journal for review and research
- Audit trail and optional approval function before transfer for posting
Benefits
Maximum Transparency and Risk Reduction
Audit-compliant with audit trail and posting journal
Process workflow with or without an approval function
Time and Cost Savings
Significant time savings through automated posting processes
Automated handling of routine processes frees up valuable resources
Process Optimisation
Error prevention through rule-based process automation
Secure and fully traceable process
