Connect with us

Top Stories

Jones Lang LaSalle signs with Gresham Computing to automate receipts matching process

gbaf1news

London, 07 January 2013, Gresham Computing plc, a leading provider of transaction control solutions, announced today that Jones Lang LaSalle (JLL) has selected Clareti Transaction Control (CTC) to increase the level of automation in matching and allocating incoming receipts for its UK property management business.

CTC, which is due to go live early this year, is expected to deliver significant efficiencies to Jones Lang LaSalle by automating key stages of the current matching and allocation process. Early trials demonstrated immediate automatic match rates for incoming bank receipts to outstanding rent demands, invoices and similar outstanding amounts (open items) in excess of 50% with little configuration. CTC was then configured with simple business matching rules that lifted the matching rate above 75%, allowing Jones Lang LaSalle to gradually move towards significant levels of automation at the right pace for the business, without compromising existing processes.

Initially CTC allows for the enhancement and enrichment of incoming bank receipts, identifying the paying customer and drawing out information from the message to assist in the later allocation and matching process. CTC then facilitates assisted matching, whereby CTC enhanced and enriched bank receipts are matched to open items, with the results exported or printed for use in the existing process. CTC’s full functionality allows the importing of bank receipts, matching to imported open items and exporting results direct to a target ledger.

“Property managers face a multitude of problems in quickly and accurately matching and allocating incoming bank receipts to debtors primarily because of the quality of information contained in the incoming bank receipt message,” explained Chris Errington, CEO Gresham Computing. “CTC allows Jones Lang LaSalle to automate these processes and increase Straight-Through Reconciliation (STR) rates, allowing staff to focus on resolving any exceptions that arise. Ultimately it will allow Jones Lang LaSalle to match payments faster, quickly identify and follow up on short or non-payment, and thereby minimise risk and ensure they deliver the best possible service to clients. This win further demonstrates the increase in demand we are seeing today for Gresham’s modern and innovative solutions.”

About Gresham Computing
Gresham Computing plc is a specialist provider of software based solutions that enable customers to achieve real-time financial certainty in transaction and cash management. Our customers include several of the world’s largest financial institutions and companies, served locally from offices located in Europe, North America and Asia.

Further information can be found at: www.gresham-computing.com

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specialising in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47 billion of assets under management.

For press enquiries contact:

ChandaGathani
Metia Ltd
T: +44 20 3100 3605
E: chanda.gathani@metia.com

 

 

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Recommended

Newsletters with Secrets & Analysis. Subscribe Now