As part of its broader finance transformation, SKF is using SAP Business AI and SAP Cash Application to eliminate friction in its receivables process. By automating the matching of incoming payments to open invoices, the company has significantly reduced manual intervention in processing bank statements. With intelligent payment advice extraction, SKF can now import unstructured payment advice formats directly into SAP S/4HANA to drive efficiency, improve accuracy, and free up finance teams to focus on higher-value tasks.

You will learn how to:

• Automate payment‑to‑invoice matching with SAP Cash Application ML.
• Extract and structure unstructured payment advice using SAP Business AI