The Dow Chemical Company will deploy Hanse Orga’s AutoBank for SAP in its global centres in order to drive further efficiency gains and implement best practices in the bank reconciliation process.
“We are confident to have found a proven solution that meets our need for flexibility and effectiveness to help increase the effectiveness of the processing of all incoming bank statement items and the effective way of automated clearing of accounts receivable (A/R) open items. During the selection process we were convinced by AutoBank’s seamless integration in SAP, the strong functional benefits of the application and Hanse Orga’s expertise in this area,” said Hans Hartman, finance director – next enterprise architecture programme, Dow Chemical.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
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Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.