Rimilia worked with the cash team at Synseal at their head office in Mansfield to implement Rimilia Cash to automate their application, BACS receipt cash matching process, and subsequent banking. Prior to this implementation, cash processing was a resource intensive task for the team that required higher levels of manual intervention for cash application over collections.
Synseal automates and applies cash faster using Rimilia
Founded in 1980, Synseal is a leading manufacturer of dynamic window and conservatory systems. They were purchased in March 2019 by the Aperture Trading Limited company.
Cash application had always been a time-consuming process at Synseal. In addition, the company acquisition caused the number of small invoices to increase, which triggered the desire to find a solution that would automate the process.
After seeing Rimilia Cash demonstrated at a networking event, Synseal decided to move forward with Rimilia’s automated cash application solution. Rimilia provided Synseal with appropriate milestones for the implementation and worked with the cash team to ensure a seamless transition to the new solution.
Rimilia Cash has enabled Synseal’s accounts receivable team to improve compliance and gain better control of their cash application process. With an impressive 94% auto-match rate, these efficiencies have enabled Synseal’s credit controllers to move away from the time-consuming and repetitive manual task of applying cash and focus more on strategic responsibilities. Plus, check scanning and remittance capture enables the team to process their cash much faster and earlier in the day.
“At the commencement of go live we knew what to expect and how we were going to quantify a return on investment for our key stakeholders. The journey since then has been seamless and the post-integration support has been nothing short of world class.”
– Dave Hughes, Senior Credit Manager, Synseal