Optimised payment management: from bank account transactions to automated posting in the ERP systems of the energy and housing industries

It's indispensable not only for companies in the housing industry: efficient payment management optimises liquidity, lowers costs and strengthens both business relations and customer loyalty among corporate clients. Use the options provided by the sector-specific accounts system of Aareal Bank and virtual account numbers by combining it with the BK01 on offer at First Financial Software GmbH. Optimise your payment transactions between the bank account and your company software according to your sector-specific requirements:

Housing industry companies are still confronted with numerous tasks that take a lot of time, for example processing invoices: from manual data entry through to review and then onto payment release. But payment transactions topics such as rentals; common charges or housing benefit; reserves for renewals and replacements; tenant deposit investments: all have the potential to be optimised and automated.
Energy companies are faced not only with energy policy challenges but also with the question of how they make their own business processes fit for the future. That begins with the processing of payments received and payment allocations in accounts receivable through invoicing that conforms to the regulations governing e-invoices to automated payments and posting of energy running costs for the housing industry.

Along with our partners, we would be happy to support you in optimising your payment transaction processes by combining the Aareal accounts system and ERP software.

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Optimise payment transactions – network sectors

The payment and invoicing processes between energy and housing industry companies are complex. In particular, the interface between energy supply and residential property management gives rise to sector-specific difficulties - whether those are the correct settlement of service charges, the integration of modern meter reading methods or the provision of transparent and error-free billing.

Thanks to the way virtual account numbers work in our accounts system, payments can be allocated individually and accurately for a given payment process. When combined with the BK01 solutions of First Financial Software GmbH you can optimise your payment processes all the way into your own ERP system and automate them across sectoral boundaries.

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"The main reason we came down in favour of Aareal Bank was that they can supply us with a combination of SAP linkage and virtual account numbers."

Iris Heil

Head of sales and marketing at Kaiserslautern public utility company.