Profource processes all bank statements in the cloud
This week at Oracle OpenWorld in San Francisco, the Dutch company Profource presents an invaluable asset to Oracle Fusion: a cloud service to automatically process bank statements.
Cash Management is one of the most comprehensive modules of Oracle Fusion Financials, however processing bank statements can cause serious issues. The module recognizes American bank statements only. Other bank statements have to be processed manually: this is error prone, inefficient and costly.
The Dutch company Profource is the first and only company in the world to present the solution for this issue. Profource Banking Cloud recognizes all bank statements. This cloud service creates Fusion compatible bank statements from any bank format, real time, with automatic and intelligent reconciliation of cash deposits against invoices. Profource Banking Cloud allows bulk processing for tens of thousands of AR-lines. This service is offered as an end-to-end solution (semi manual upload optional).
Endorsed by Oracle
Oracle became one of the first supporters of the Profource Banking Cloud, and invited Profource to demonstrate the product this week at Oracle OpenWorld 2014 in San Francisco.
Read more on our Profource Banking Cloud product page. On this page you can also find a factsheet and online demonstration.