Cash Application Management
Automatically link electronic payments, and remittances received separately.
Identify customers easily. Use pre-built algorithms to recognize bank info and payer names.
Link payments accurately. Match remittances to payments, even if received days apart.
Match invoices quickly. Pair invoices with remittances, even if the invoice numbers are partial.
Find invoices fast. Match using multiple references like Invoice#, PO#, Item#, and Order#.
This e-book will walk you through the options for processing checks on the parameters of processing cost, check float reduction and resource requirement.
Download the Ebook
Read on to find out how Artificial Intelligence and Cloud-Based Machine Learning can help you cut down costs, effort and time!
Download the Ebook
This package contains an excel sheet and an ebook for A/R leaders for justifying a business case in an automated cash application system.
Download the TemplateCash Application Automation software automates the process of matching incoming payments with outstanding invoices using AI and machine learning. Automated Invoice Matching Software reduces manual effort, enhances accuracy, and offers real-time cash flow insights for faster and more accurate allocation of payment.
Cash Application Solution helps you achieve faster and more accurate cash posting, save on the bank lockbox key-in fees, eliminate the hassle of manually collecting remittance data, and thus, increases cash app analyst productivity.
With AI-based Automated Invoice Matching, HighRadius Cash Application Automation Software automates 95% of the manual effort of matching emails to payments while extracting the remittance information from the email body and attachments and matching the invoices referenced to the correct ones within ERP.
HighRadius Cash Application, an AI-powered invoice matching platform, automates remittance data extraction from check images, attachment and portal. It identifies customers via invoice details, banking info, and email domains, while AI-driven exception management suggests actions for unmatched payments.
An invoice reconciliation software consumes past payment behavior and suggests remittances for customers who paid without one. It automatically sends email requests to customers to select the right invoices. Once confirmed, it automatically applies the cash and closes the line-items in your ERP.
Cash Application Automation Softwares supports multi-bank Connectivity - with the ability to process industry standard payment formats - EDI, BAI, BAI2, CAMT, MT940, CSV, from global banks.
HighRadius offers pre-built integrations with 100+ global banks including Bank of America, JP Morgan, CITI, Scotia, Wells Fargo, to name a few, to automatically receive and extract payment/remittance information from bank statements and checks. It can process 60+ currencies globally.
HighRadius Cash Application Software utilizes AI and ML for Remittance Aggregation & Exception Handling, trained on $10.3 trillion financial data. AI-Remittance Capture extracts remittance info from Emails, Attachments & Checks and Exception Management predicts missing remittances.
The right Cash Application Software requires minimal IT involvement. With seamless plug-and-play integration into ERPs using real-time APIs and Hex (SFTP) connectors, along with pre-built modules and industry-specific best practices, customers can deploy remotely with ease, reducing all IT dependencies.
HighRadius Cash Application Software prioritizes data security and privacy, adhering to stringent industry standards such as GDPR, ISO, PCI DSS, HIPAA, and SOC. We use strong encryption and role-based access controls to protect your financial data, ensuring confidentiality and compliance.
Schedule your 30 minute personalized demo for a live walkthrough of our Autonomous Finance capabilities.
Transforming Cash Application to Achieve 82% Automated Cash Posting
CPG Giant Automates Paper-Based Collections To Reduce Bad-Debt By 20%
Securing Same-day Cash posting and 60% savings in Employee Resource with HighRadius
