Payment Management

Integration and automation

BK01* is the system for automated payment transactions of First Financial Software GmbH, an Aareal Bank Group company. It simplifies, streamlines and accelerates processes by integrating them into the bookkeeping system. BK01* payment management belongs to the BK01* solution portfolio for the energy sector and insures optimised allocation and posting rates in energy sector payment transactions.

In its core function, BK01* payment management supplies unambiguous booking characteristics. It thereby enables extremely secure allocation of payments even with industry-specific complexities such as collectors, payments by "ARGE", and cash payers. The system also allows subsequent payment-related procedures to be mapped in automated processes, on both the debit and the credit side, and always in line with in-house expectations – in terms of efficiency on the one hand and transparency and control on the other.

That means BK01* payment management enables very far-reaching standards but at the same time permits exclusion of work steps as desired. Those are then processed in the accustomed workflows, especially in the sensitive areas of settlement control and processing of line items that require clarification.

BK01* payment management is available for integration in SAP for Utilities® und kVASy®.

Our solutions in action

The Stadtwerke Kaiserslautern public utility company has substantially optimised its automatic payment allocation process by using BK01* Payment Management, with incoming transfers, in particular, now far easier for the company to post automatically thanks to virtual account numbers. For details of exactly how automatic payment allocation works at Stadtwerke Kaiserslautern and which process optimisations it has been able to achieve as a result, please read this case study.

Find out more about the BK01 solutions at http://www.first-financial.biz/

^{*The described BK01 solutions are products by First Financial Software GmbH, an Aareal Bank Group company.}