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On - Bank Reconciliation Discovery - 2024-10-24

Metadata

  • Date: 2024-10-24
  • Company: On
  • External Participants: Rodrigo Cabrera (Accounting/Treasury)
  • Palm Participants: Emma Sjöström
  • Type: Customer Call
  • Domain Areas: Categorization, Connectivity, Data
  • Recording: https://tldv.io/app/meetings/671a5b1a29a1f10013a87dcd/

Summary

Context

Discovery call with Rodrigo Cabrera (then on accounting side, transitioning to Treasury) about On's bank reconciliation process, unprocessed transactions in Dynamics ERP, and how Palm could potentially help with GL account mapping. Rodrigo walked through their current reconciliation workflow and pain points with unidentified transactions.

Key Discussion Points

  • Bank reconciliation currently done once a month - want to do it more often (ideally daily)
  • Many unprocessed/unposted transactions pile up in Dynamics "process bank statement" queue
  • SKG is their payment processor with Treasury Automation Suite for transaction routing
  • Rule-based allocation using VLOOKUP - not smart, have to manually create all rules
  • Two-step reconciliation: 1) Trial balance vs sub-ledger, 2) ERP balance vs actual bank
  • GL accounts grouped by currency (all euro banks → Euro GL)
  • Timing differences common (posting date vs value date) - need to explain for SOX
  • Palm predicting GL accounts would help accounting team significantly
  • Not really in Treasury scope at On - more accounting/cash application focused

Pain Points

  • Rule-based allocation is not smart - have to manually create all rules for transaction matching
  • Many transactions end up unprocessed because rules don't catch them ("way too many that should be straightforward")
  • End of month crunch with piled up unidentified transactions - can't do continuous reconciliation
  • Can't see actual cash balances in ERP until reconciliation is done
  • Getting feedback from other teams on where to book transactions takes time (sometimes a month)
  • Unidentified transactions go to interim account - need to keep it to minimum
  • Timing differences between posting date and value date require investigation and SOX explanation

Feature Requests & Needs

  • Palm to predict/recommend GL account for unprocessed transactions
  • Daily recommendations on where to book new transactions
  • Extra detail on transactions (customer name, vendor) beyond just budget codes
  • Could substitute SKG if Palm connected directly to banks and pushed to Dynamics

Jobs & Desired Outcomes

Job: Reconcile bank transactions to ERP balances continuously (not just monthly)

Desired Outcomes: - Minimize the time between transaction occurrence and posting to correct GL - Reduce the end-of-month crunch of unprocessed transactions - Increase visibility into actual cash balances throughout the month

Job: Identify and book unprocessed bank transactions to correct accounts

Desired Outcomes: - Minimize the time spent manually identifying where transactions belong - Reduce the number of transactions sitting in interim/unidentified accounts - Increase the automation of transaction-to-GL matching beyond simple VLOOKUP rules

Domain Insights

  • Reconciliation two-step: First check trial balance matches sub-ledger, then compare ERP balance to actual bank statement
  • GL structure: Banks grouped by currency (Euro GL, USD GL, etc.) not individual accounts
  • Timing issues: Common for payments to post in dynamics on Oct 31 but reflect in bank Nov 1
  • SOX compliance: Must document and explain all differences between ERP and bank
  • Treasury vs Accounting: At On, GL-level detail is accounting scope, Treasury only cares about budget codes/cash flow codes
  • Cash application: Don't know if payment is vendor, customer, or other - can't book until identified
  • Unprocessed transactions: Go to "process bank statement" queue in Dynamics until manually resolved

Action Items

  • [ ] Emma to investigate GL prediction use case with other orgs
  • [ ] Consider if this is Treasury scope or accounting scope for Palm

Notable Quotes

"Right now until the end of the month, we don't really know how much money we have... from the ERP we'll have to go every day into the bank if we wanted to check." - Rodrigo Cabrera

"It's rule based. It's not smart and we have to manually create all of the rules." - Rodrigo Cabrera

"If we could have already an idea of how it has been booked in the past, it would solve a lot of problems for sure." - Rodrigo Cabrera

"It's not like a treasury scope... at least for us. Or at least not right now." - Rodrigo Cabrera

"That was one of the first things I asked... how much detail can you give us on where to allocate, because it could be really helpful for accounting team, for cash application teams." - Rodrigo Cabrera

Full Transcript

Date: 24/10/2024, 16:35

00:02 Rodrigo Cabrera: It will be much much more often and not only once a month, but maybe every day have I'm actually reconciliation of. The banks, right?

00:17 Emma Sjöström: Nice.

00:18 Rodrigo Cabrera: It's not letting me share my screen. I don't know why. Let me jump out and I'll jump in back again just to see.

00:31 Emma Sjöström: Do it.

00:42 Rodrigo Cabrera: Okay, let's see. The Yeah, it doesn't let me share the entire screen just individual windows and that's not really helpful. But I guess that's how we be.

00:59 Emma Sjöström: Interesting.

01:01 Rodrigo Cabrera: and what ideally will have it more often because

01:06 Emma Sjöström: Yeah.

01:07 Rodrigo Cabrera: Right now until the end of the month with, Don't really know how much money we have or Yeah. How much money we I'm from the ERP will have to go every day in the in the bank. If we wanted to check. If you, if we wanted to do cash management, we'll have to do and into every bank or that's how we do it right now, of course.

00:00 :

01:28 Emma Sjöström: Yeah.

01:29 Rodrigo Cabrera: Of course, a kid. Even now, we will be able to do all of that directly from Eva. Hey or will be able to see that disability directly from creative. But now they we don't have visibility on the actual a bang balances directly from on our ERP because they of course not there.

01:54 Rodrigo Cabrera: The very constellation is not done, but they what we do.

01:59 Emma Sjöström: Right.

01:59 Rodrigo Cabrera: Every month.

02:01 Emma Sjöström: So you mean that with Kerry, but you'll be able to you don't you can fulfate this, you don't have to login to each bank.

02:07 Rodrigo Cabrera: A bank. Yeah, we'll have the yeah, exactly.

02:10 Emma Sjöström: you see the balance directly in Kariba and and that is helpful for you when you do your reconciliation or

02:16 Rodrigo Cabrera: and that's helpful for the Treasury team or or financing general just to know the how much money we have a but

02:26 Emma Sjöström: Not.

02:28 Rodrigo Cabrera: it will also make Our lives is here in accounting side. If we did the reconciliation more often not only once a month because everything just passed up at the end of the month.

02:42 Emma Sjöström: Right.

02:42 Rodrigo Cabrera: A.

02:43 Emma Sjöström: Like this huge chunk of work or is it about like the workload or is it about getting the understanding of what's happening throughout the month?

02:51 Rodrigo Cabrera: H. Yeah, I depends in Depends on the month. But most mostly we have a lot of on on process transactions or on posted transactions, because Also, the cash application. We don't know where to apply it. If it's a vendor, a customer payment or whatever, we don't know where to book it.

03:15 Rodrigo Cabrera: And if it's not actually booked somewhere or ERP, doesn't consider it as a balance, so we don't see it.

03:22 Emma Sjöström: Okay. Yeah, so it's not. Yeah, it's not booked under general legend.

03:27 Rodrigo Cabrera: Yeah, so every Day. Let me share in my screen. The, we have this.

03:33 Emma Sjöström: Yeah.

03:39 Rodrigo Cabrera: Are you? Yeah you're seeing it, right?

03:42 Emma Sjöström: No, I'm not. I'm just

03:43 Rodrigo Cabrera: Then it's super slow.

03:45 Emma Sjöström: Every.

03:47 Rodrigo Cabrera: Sorry, and yeah, I can't share your swing that here.

03:53 Emma Sjöström: oh,

03:55 Rodrigo Cabrera: What about now? Yeah.

03:56 Emma Sjöström: Yeah.

03:56 Rodrigo Cabrera: individual windows, so no A. But we have the

04:04 Emma Sjöström: this dynamics are

04:05 Rodrigo Cabrera: This is dynamics. This is our ERP.

04:08 Emma Sjöström: Yes.

04:08 Rodrigo Cabrera: We have a Right now, what we call the process bank statement, it's A in theory is not dynamics is the Treasury automation suite that it's part of what Skg provides us. Skg is the the payment the Processors, right? So in theory, this is This is what? Palm automates. They are not much on a higher level, right? We have all of the bank transactions here with their descriptions that we don't know where to book.

04:46 Rodrigo Cabrera: These are all the transactions that are Not booked automatically somewhere.

04:52 Emma Sjöström: Okay.

04:52 Rodrigo Cabrera: So, not much meaning that they haven't been allocated. So, we have all of this transaction just open. For almost a week now that we haven't posted anywhere because we don't know. But in reality, if somebody was checking all of these ones, they it's Pretty easy to identify. This might be a bender.

05:18 Rodrigo Cabrera: This might be another vendor, it's

05:20 Emma Sjöström: So why are why aren't these automat?

05:20 Rodrigo Cabrera: It's like if

05:23 Emma Sjöström: automatically booked? It's a thickness, they're new vendors, or what? What makes it end up here instead of being automatically?

05:35 Rodrigo Cabrera: He actually I'm really surprising this because there are way too many that you don't like their they should be really straightforward it but but

05:43 Emma Sjöström: Okay.

05:45 Rodrigo Cabrera: yeah, they're not booked because but in theory, they are not booked because it's a new vendor and that we haven't mapped or it it's a payment that doesn't have a really clear description, but all of these ones do so it

06:02 Emma Sjöström: Okay, so it's like rules based somehow in the background.

06:05 Rodrigo Cabrera: So it, yeah, it's ruled based. It's not not smart and we have to manually create all of the all of the rules, okay? In the actually. Today I downloaded all of their rules to share here with somebody. So let me show you how it looks.

06:27 Emma Sjöström: Yes.

06:29 Rodrigo Cabrera: Yeah, I think I shared this one with Courgette maybe at some point. He? Let me hear that. Have again. Hopefully it works this time. I don't know, I think it might there's something wrong with my laptop.

06:56 Emma Sjöström: Some.

06:56 Rodrigo Cabrera: Ladies being so I think I haven't turned it off in a year probably. And they

07:02 Emma Sjöström: but,

07:02 Rodrigo Cabrera: It probably needs. A need some love.

07:05 Emma Sjöström: Arabic.

07:06 Rodrigo Cabrera: Yeah, I'll turn it off on over the weekend.

07:09 Emma Sjöström: Exactly. Your laptop can get some rest over the weekend.

07:11 Rodrigo Cabrera: No.

07:12 Emma Sjöström: Well,

07:13 Rodrigo Cabrera: Much needed rest. Probably

07:16 Emma Sjöström: And go to the spa together of something. A laptop.

07:27 Rodrigo Cabrera: I don't know.

07:32 Emma Sjöström: But it's just pressure automation, sweetness, Kgs treasury of it. Also somehow. Cooking. The transactions towards the General Ledger.

07:45 Rodrigo Cabrera: So, so once it's a If it's a, if it's identifies, it, it automatically books it to the general ledger, the two to the to the

07:56 Emma Sjöström: Somehow in dynamics.

07:57 Rodrigo Cabrera: corresponding general edger somehow in dynamics. Yeah, A

08:01 Emma Sjöström: Okay.

08:06 Rodrigo Cabrera: A. You're seeing it, right?

08:09 Emma Sjöström: No, come on.

08:10 Rodrigo Cabrera: Okay. Really.

08:13 Emma Sjöström: Maybe it's just super slow again.

08:15 Rodrigo Cabrera: Yeah, I don't know what, what's going on? I'll share you, I can share you the file but it's it's rule base, a vlookup this value. in this transaction, I

08:26 Emma Sjöström: oh,

08:28 Rodrigo Cabrera: I located to a customer allocated to this vendor allocated to this gl4 Social Security, however, really basic rule-based that we have to.

08:37 Emma Sjöström: Right.

08:39 Rodrigo Cabrera: manually create

08:40 Emma Sjöström: Right.

08:41 Rodrigo Cabrera: So, we have to work on that a throughout the month, daily, the daily transactions. That team should be posting them on a daily basis. At the end of the month, we make sure all of them are posted either to the correct GLA or We have an interim account for an identify.

00:00 :

09:04 Emma Sjöström: Okay.

09:06 Rodrigo Cabrera: Unidentified transactions.

09:10 Emma Sjöström: and those

09:10 Rodrigo Cabrera: and it ends up there, and of course, we're trying to get feedback from the teams but it's not usually, It's not usually possible to get. a hold of everybody all the time so maybe their delay a month, a couple of weeks, but then we try to Keep the in terms account to the minimum, right?

09:32 Emma Sjöström: Yeah. Yeah.

09:34 Rodrigo Cabrera: And then, yeah, then once all of that posted, it's it gets posted on on the corresponding account, but also in the bank GL, right? So we have different GLS, we don't have individual jails in the trial balance. Per account. So we don't have a one-to-one match. We have We have it split by currency, so all of the euro banks, they go to the Eurogl.

00:00 :

10:06 Emma Sjöström: Okay.

10:06 Rodrigo Cabrera: Yeah. So That's the first reconciliation with we do at the end of the month. We extract all of the transactions that we have a on in all the individual banks. First in dynamics, all the transactions in dynamics and they in the GL balance. They should match. That's the first reconciliation we do.

10:30 Rodrigo Cabrera: and then, We compare the balance from the from each of the banks in dynamics too, the actual bank account, they've actual bank statement. That I wish I could share my screen to show you.

10:45 Emma Sjöström: Yeah, that would be really nice.

10:47 Rodrigo Cabrera: but, I don't know what's going on. Let's see if I can open it.

10:57 Emma Sjöström: Car. so, While we're waiting, like, if In what we might? Like how? Here, let's say. What if the PMS would be able to accurately enough just predict which GL account this translates any transaction? Wood or has been booked against with that at all? Be helpful. To. Such the transaction in the TMS and then see, like eyes for this account, probably, or anything like that.

11:41 Emma Sjöström: And started on helpful.

11:44 Rodrigo Cabrera: I yeah it's really helpful. If it could book like okay it's for this vendor and we can send it automatically to the vendor account. It will be Amazing. I think I mentioned it on our own.

11:57 Emma Sjöström: but yeah, but I meant even without

11:58 Rodrigo Cabrera: On.

11:59 Emma Sjöström: the automatic like send out. Like, would it be helpful? I'm just trying to find like that first first scope just like, like

12:05 Rodrigo Cabrera: Ah, yeah.

12:07 Emma Sjöström: would it be helpful at all, for example, to just Okay, you see your unreconciled transactions in dynamics. Now, you need to Find out. What is it belong? Somehow what is it?

12:20 Rodrigo Cabrera: It's not booking it but give us our recommendation on what to do.

12:24 Emma Sjöström: It's not at all helpful. Or is it like yeah.

12:27 Rodrigo Cabrera: Yeah, of course. It's, it's help.

12:29 Emma Sjöström: Yeah.

12:34 Rodrigo Cabrera: In our first meeting with the with the team and then it's it's different than what they have in mind for the tool, I think.

12:44 Emma Sjöström: All right.

12:44 Rodrigo Cabrera: You know.

12:46 Emma Sjöström: Let me know more.

12:47 Rodrigo Cabrera: No, but I I asked the Courgette but I don't know, right? That might change. But yeah, it would be really helpful because They're not a lot but they are quite a few and it takes time to identify them as the teams and and all of that. And if we could have already have An idea or how you how it has been booked in the past, it would solve a lot of of problems for sure.

00:00 :

13:18 Emma Sjöström: And maybe would it be helpful to get that? Like like continuously throughout the month? Just like, gentle. Not just like, oh he or would? Yeah, you To see daily. For example, like oh, here are

13:30 Rodrigo Cabrera: Yeah, these are all the transactions that came in today.

13:34 Emma Sjöström: Yeah.

13:36 Rodrigo Cabrera: This is where we recommend to book. Yeah, will be really helpful.

13:40 Emma Sjöström: Because even when you move into the Treasury team, will you still have respect like account? Some record like responsibilities related to this? Or will you help accounting out still

13:51 Rodrigo Cabrera: A.

13:52 Emma Sjöström: with the nation? And how

13:54 Rodrigo Cabrera: R. I have an idea. It's still In there a little bit, I think.

13:58 Emma Sjöström: Yeah. AFL point. Yeah. Okay, cool. So this is the

14:03 Rodrigo Cabrera: Has a disease, an example of one of their reconciliations here, like this is for Spain, we have two bank accounts in Spain.

14:12 Emma Sjöström: Okay.

14:13 Rodrigo Cabrera: These are the two accounts the Credit in dynamics, right? We have the trial balance here, we have the banks, your account. So this is the one account or the one GL where, or with these two bank accounts are A

14:33 Emma Sjöström: I see.

14:35 Rodrigo Cabrera: Are reflected, right? So the, the balance or the closing balance, here should be the closing balance of the sum of both of these ones.

14:43 Emma Sjöström: Okay.

14:44 Rodrigo Cabrera: That's the first check the that we do here, the difference should be 0, The trial balance in the total, in the sub ledger should be like, this is the sum of both bank accounts or how many. However, many there are for the, for each entity. This is the actual GL.

00:00 :

15:07 Emma Sjöström: Cool.

15:08 Rodrigo Cabrera: Banks euro, right. So

15:09 Emma Sjöström: But sorry. So in this case, there were no lost transactions or

15:14 Rodrigo Cabrera: in this case, they were not lost transactions in dynamics, but then we have the check with the bank that this is the first check just for

15:23 Emma Sjöström: Right.

15:24 Rodrigo Cabrera: Safekeeping. But the important one is to make sure that the bank and what we have posted in dynamics is actually correct. And for that, we Download all the transactions by bank. So we have all the band balances and from us in Santander, And we bring in the the PDF statements from the bank.

00:00 :

15:51 Emma Sjöström: Okay, so the actual balances, yeah.

15:53 Rodrigo Cabrera: so the actual balance that I think you're not seeing because it's not sharing, but here,

15:58 Emma Sjöström: But that's okay. And yeah, I imagine that it's contains the actual valid.

16:02 Rodrigo Cabrera: We have the actual bank statement balance, and we have and we compare it to the balance that we have in dynamics for each bank.

16:11 Emma Sjöström: and now I understand this is what

16:12 Rodrigo Cabrera: yeah, they know different perfect if

16:13 Emma Sjöström: conciliation? Yeah. Now

16:17 Rodrigo Cabrera: If there's a difference We have to find it. So usually There are a couple of different every month, most of the times, the reason behind it is because the posting date in the statement date or value date is different. So the payment was sent on October 31st but it was actually reflected until November 1st.

16:46 Rodrigo Cabrera: So there's a that difference in in time between dynamics and the bank, if we send the payment from from the system if it's

16:59 Emma Sjöström: oh,

17:00 Rodrigo Cabrera: I have relatively small difference, we just leave it like that. And for a socks purposes, we have To identify it and explain why there was that a that different differences. Usually. a that with they different or they or they Or the payment proposal didn't went through the bank. It just it got stuck in the system.

17:28 Rodrigo Cabrera: So it's a system issue. But we have to explain somehow why there's a Why. There's a difference?

17:36 Emma Sjöström: Yeah.

17:38 Rodrigo Cabrera: And then a if it's not that simple, we have to like keep investigating what's going on, which transaction it is a but it's usually pretty simple. We have all of the transactions in A forage bank. We export Excel from the Excel or a CSV from the bank account, or with a bank transactions.

18:02 Rodrigo Cabrera: We compare and That's it. If needed, we correct. Something we might have to reverse a payment that it was input incorrectly.

18:11 Emma Sjöström: Okay.

18:12 Rodrigo Cabrera: A, But this one's, it's just to make sure that the total balance is the same in dynamics, or in our ERP. And in the bank, we don't care where it's booked like, as far as we care in this, the reconciliation, they cannot be booked in the wrong account the wrong, vendor the wrong customer, whatever But if they total, it's reflected in dynamics.

18:44 Rodrigo Cabrera: That's all we care. Then we have another a controller reconciliation for the to avoid this. This thing from from happening.

18:56 Emma Sjöström: So, just a standard check, if I'm even on the right trainer thoughts here like a TMS. Could you feel like a TMS could be the correct tool to help here? Or would it idealist it outside of the team as you know just to begin with?

19:14 Rodrigo Cabrera: Hey.

19:16 Emma Sjöström: That's a bit challenging. And then the other thing is for the process be done, for example.

19:19 Rodrigo Cabrera: but,

19:22 Emma Sjöström: Or you see the discrepancies here between the actual bank balance and the dynamics balance.

19:27 Rodrigo Cabrera: Thank you.

19:27 Emma Sjöström: and then you could go somewhere, for example, the TMS and see, find these transactions somehow and see all they should be booked here and here

19:40 Rodrigo Cabrera: Yeah, I don't know how much.

19:41 Emma Sjöström: Yeah.

19:44 Rodrigo Cabrera: Would that help or how or that teams will help?

19:48 Emma Sjöström: Yeah.

19:49 Rodrigo Cabrera: Or their reconciliation. I don't think. I don't. Think it's even. part of or we are the team or I, we will not even use the kdeva in this case for For reconciliation purposes. I think A Because it's not. Because they're consolation again is to show that our ERP and the bank is the same.

20:24 Rodrigo Cabrera: so, we don't Really care. How other or what other tools say we might need to do all for reconciliation between kiriva, and the bank, that that might be the case, we will have another control like that. He, but Yeah, I don't think. I don't think we'll need or we will use the The kiriva for the OR the TMS for the, for the reconciliation.

20:56 Rodrigo Cabrera: But if we could have something as, as you said, that's a recommendation on where to book, these transactions that we are not able to identify throughout the month. It will be will be really helpful and it will They help us do this process much, much faster.

21:17 Emma Sjöström: Yeah. So yeah, cool. So, for example, if let's say Just super basic now lightly, let's say there was, for example, at the beginning. Not not. So, for to know, which transactions we were, I'm just gonna call them lost because that makes sense to me. We would need to palm would maybe need to integrate dynamics, right to fetch that.

21:40 Emma Sjöström: Oh, these reflections. Or produce label all constructions.

21:45 Rodrigo Cabrera: Right now, we need to do that. He

21:48 Emma Sjöström: With. The account that it would. I'm just trying to understand like because many ways on, right? So it's like everything we you like it when everything flows but ERP right. That's your source of truth.

22:05 Rodrigo Cabrera: Yeah.

22:06 Emma Sjöström: but, Then to make this usable within the context of palm palm would, maybe need to fetch these. Transactions on a daily basis from your ERP or would it, you know, help. Even to just have the label on the On the transaction like or not the label. But the general ledgerate this particularly

22:29 Rodrigo Cabrera: But yes, but it gets to a point that A palm is connecting to our ERP and it's suggests suggesting the Where to book it? We will not even need the Skg. We could connect the max directly to Palm and Pump to send instructions to To dynamics, right?

22:58 Emma Sjöström: Okay.

22:58 Rodrigo Cabrera: So you'll be basically substituting skg if it worked at that level, right? But I think that's something else.

23:10 Emma Sjöström: Yeah, for sure.

23:12 Rodrigo Cabrera: but,

23:12 Emma Sjöström: You know.

23:14 Rodrigo Cabrera: either way a palm is consuming, the statements on a daily basis and it's assigning the budget cut but the budget codes for a The cash flow codes. It can like instead of just sending the transactions to a, I don't know, cash in the to see are It could send to cushions the Tocr.

23:43 Rodrigo Cabrera: A cash store London. And then that's our, that's our GL. And then you can tell us. Okay, this it's a You should book it to a store London, and

23:56 Emma Sjöström: Yeah. So you could at least see like and you can see like which yeah let's say let's say even Palm could just predict that GL account. Boy should like imagine that like

24:05 Rodrigo Cabrera: Yeah.

24:06 Emma Sjöström: Oh this transaction from will belong in this DL account at

24:13 Rodrigo Cabrera: yeah, and then

24:15 Emma Sjöström: Yeah.

24:16 Rodrigo Cabrera: And then you have, I don't know, it might be an, I don't know an extract that an email that we receive something that we export from from the system. And then we can grab that check the Our process bank statement which transactions. So we are not able to identify what pumps Moment.

24:37 Rodrigo Cabrera: And then based on that we can we can

24:37 Emma Sjöström: Yeah.

24:40 Rodrigo Cabrera: input it here because here we can, You're not seeing it but here we can manually. Send the transactions for allocate reallocate the transactions to to all of the accounts. I think that would That will help just instead of going on a step, we Further like, detail a like, one one level down.

25:09 Rodrigo Cabrera: Not not at the wholesale a level, but which customer or something like that.

25:18 Emma Sjöström: This is super cool.

25:21 Rodrigo Cabrera: And I, and I think it's their

25:21 Emma Sjöström: but like,

25:23 Rodrigo Cabrera: somewhere somewhere now like, If it identifies a customer it knows that it's wholesale A so we can just receive the customer number somewhere or the customer name. So we know where to look at. Same applies to, I don't know, we employ the payments vendor payments.

25:43 Emma Sjöström: Okay, so more like a contextual data.

25:44 Rodrigo Cabrera: Never.

25:46 Emma Sjöström: around the transaction almost or like to see exactly what Vendor customer. Or sorry. Just trying to understand what you mean.

26:00 Rodrigo Cabrera: detail on what? Pan will currently give us just that extra detail. It's it will be like super helpful. Yeah.

26:10 Emma Sjöström: Nice. And you feel like this would be a valuable like, addition like Even so when you transition to Treasury like and it might be something you feel like treasure, you could share this information easily. What account like how would it?

26:23 Rodrigo Cabrera: For accounting, you will be really, really helpful. Yeah.

26:26 Emma Sjöström: Yeah. And what do you think? Do you see anything like for pure Treasury that you feel like would be helpful with something like this? It like in general knowing the just like in general knowing at GL account associated with each transaction.

26:43 Rodrigo Cabrera: A.

26:43 Emma Sjöström: Is that something?

26:47 Rodrigo Cabrera: I don't, I don't think so, we Because or at least for us, we are not going that the in-depth into in which jail. They are booking it. We just carried I don't know the cash flow called the budget code but maybe

27:14 Emma Sjöström: Yeah, for sure.

27:17 Rodrigo Cabrera: maybe for some others

27:18 Emma Sjöström: All right. Any other around this. to Like, I'm happy to if you just want Loud about anything.

27:39 Rodrigo Cabrera: A or some other Treasury teams that they go in, in more detail, it might be helpful for them. You know. A. yeah, I don't, I don't I don't think, I don't know if you

27:45 Emma Sjöström: Yeah. No, this was great now.

27:45 Rodrigo Cabrera: have any other questions or or

27:46 Emma Sjöström: feature that would be very helpful

27:46 Rodrigo Cabrera: Expectations or what were you expecting a to see? Maybe something comes up.

27:49 Emma Sjöström: for for example, accounting to do this. Like maybe even day to day like reconciliation and it's a way that Treasury team could like help the wider finance station.

27:59 Rodrigo Cabrera: But yeah.

28:01 Emma Sjöström: So but I'm not hearing. Like and so we need to think, because it's what I'm hearing, it's not like Super clear, Treasuries scope.

28:11 Rodrigo Cabrera: Yeah.

28:13 Emma Sjöström: No, but

28:14 Rodrigo Cabrera: It's not like a treasury. A scoreboarding or at least for us, right?

28:19 Emma Sjöström: Or at least right now? Yeah.

28:22 Rodrigo Cabrera: Or at least not right now.

28:23 Emma Sjöström: yeah but this is super super helpful and it's still like a very I think exciting thing to think about and say I would like to investigate also a little bit more with other other orgs and like what it could be used, right?

28:38 Rodrigo Cabrera: Yeah.

28:38 Emma Sjöström: I think it would be pretty cool.

28:41 Rodrigo Cabrera: Maybe that was the first or one of the first things that I asked like a in our first meeting, I think our second meeting with fun. How detaile can you how much detail can you give us on the word to allocated because

28:55 Emma Sjöström: Yes.

28:56 Rodrigo Cabrera: Because he was going like, it could be really helpful for Accounting team for cash application teams.

29:03 Emma Sjöström: Right. And Yeah, nothing. This is super fascinating and it's like always a little bit different and different orgs like what is the role of treasury and like how it like into that's what other teams I think it is super interesting. And I'm happy like this and I'm happy to reach out again if that's okay, if something else pops up.

00:00 :

29:25 Rodrigo Cabrera: Yeah, they let you know.

29:29 Emma Sjöström: Yeah, I yeah, I really appreciate it.

29:31 Rodrigo Cabrera: I'm picking up.

29:33 Emma Sjöström: Pause the recording now.