ACCOUNTING INTERPRETER
Generate accounting entries automatically
Benefit from accurate interpretation of accounting entries thanks to artificial intelligence and machine learning, improving visibility, informing decisions and reducing risk.
Optimize your accounting operations
Increase efficiency
Reduce errors
Harmonize accounting processes
Accelerate your closing
Automate your accounting entries
At the heart of your IT infrastructure, CashOnTime’s universal accounting interpreter automatically transforms raw data from all your business applications into accounting entries. It retrieves input information in digital files of any format, and assigns it to the G/L, analytical and third-party accounts required by your ERP.
Thanks to its powerful calculation engine, CashOnTime enables high-precision aggregations and breaks when generating accounting entries. It also offers the possibility of validating and completing entries by authorized persons (treasurer, accountant…) before injecting this information into the accounting system in the format required by your software.
Equipped with advanced machine learning technology, CashOnTime eliminates manual data entry, ensuring high reliability and traceability of accounting information. This solution is ideal for recurring flows requiring time-consuming data entry and originating from digital files:
- Bank files
- Electronic payments (e-commerce)
- Specific business applications (cash register, CRM, payroll, CRO, etc.)
- Excel files from various operations
The file that CashOnTime exports for posting now arrives automatically in the accounting system. We have seen a considerable drop in the number of anomalies. Before, we had a fixed FTE to deal with the integration of bank statements for almost 2 hours every morning, in case there were no problems. This is no longer the case, and team members rotate to carry out checks. Anomalies are rare and dealt with upstream in CashOnTime. On average, it’s 5 to 10 minutes now, and we have total autonomy over the files.
EFFIA Treasury Department Manager
Optimize and simplify the day-to-day work of your accounting team
CashOnTime is designed for optimum flexibility and customization to meet the specific needs of each company. Thanks to nightly robotization, it ensures real-time updating of your ERP, enabling your teams to start their day with accurate, up-to-date data.
This solution frees your teams from recurring low value-added tasks, enabling them to concentrate on more strategic missions.CashOnTime also harmonizes accounting processes, improving account analysis, journal generation, balance sheets, etc.
- Customization: adaptation to account plans and creation of specific entry schemes.
- Automation: elimination of manual data entry and integration of analytical breakdowns.
- Compatibility: works with all accounting software on the market.
- Efficiency: overnight robotized data processing, always up-to-date ERP.
- Time savings: time freed up for higher value-added tasks.
- Harmonization: standardized accounting processes, improved account and balance sheet analysis.
- Autonomy for accounting teams: true accounting assistant, easy to configure.
CashOnTime retrieves account statements from bank communication and automatically generates accounting entries in the group’s business ERP. More concretely, I make entries at the output of our treasury software for all our transfers to over 150 accounts and 100 loans, as well as all our bank charges and commissions. We also make all our social entries: salaries, Cpam/Ijss, Urssaf, pensions, VAT, IS. In short, CashOnTime automatically accounts for over 30,000 transactions per year. The solution enables us to increase productivity and keep our accounts up to date on a daily basis.
SAMSE Group Treasurer
Our resources on accounting interpretation
Your questions on accounting interpretation
What are the prerequisites for installing this functionality?
There are no prerequisites for installing CashOnTime. It adapts perfectly to the needs and expectations of your accounting system.
Can CashOnTime connect to several ERP/accounting systems?
Yes, the CashOnTime accounting interpreter can be connected to several different ERPs within the same company. CashOnTime can send an A file to one ERP and a B file to another. What's more, the solution is compatible with all ERPs available on the market.
Can CashOnTime be customized to meet specific needs?
Yes, CashOnTime is flexible and can be customized to meet the specific needs of your company and your day-to-day work:
- Multi-company platform (chart of accounts, etc.)
- Multi-currency: accounting currencies configurable by company, bank account currencies, etc.
- Multi-criteria schema allocation conditions: company, bank, bank account, budget code, other zone...
