CASH APPLICATION SOFTWARE BY HIGHRADIUS
With HighRadius Automated Cash Application Software, achieve 90% greater accuracy by automating remittance aggregation.
Trusted By 1100+ Finance Teams Globally
Apply Cash with 90% Accuracy With
Automated Cash Application
Is manual remittance matching slowing down cash posting
Automate 90% of email & check capture via AI/ML parser & multiple Optical Character Recognition engines.
Tired of logging into multiple portals to get remittance details?
Capture remittance information automatically from 100+ customer & AP portals with RPA & API integrations.
Struggling to match remittance data with payments accurately?
Automatically match electronic payments & remittances received separately via pre-built algorithms.
Is handling missing remittances hogging your bandwidth?
Boost exception productivity 2X for missing remittance scenario by auto-suggesting it based on past payment patterns.
Finding it hard to align customer reason codes with your ERP?
Reduce revenue leakage with pre-built algorithms to automate ERP-specific coding of deductions & discounts.
Struggling with diverse bank file formats?
Pre-built library of integrations to process statements from 75+ banks across 60+ currencies globally.
See how companies like Ferrero, P&G, Duracell, and Many more are optimizing working capital by 20% while Saving Over $100k in costs.
You Can Too!
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Voted #1 leader in Autonomous finance solutions for the Office of CFO by industry analysts.
Awarded for excellence, built for your success. Experience the best in action.
2 Years in a Row
Forrester Recognizes HighRadius
AR Invoice Automation Landscape Report
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Laurent Gueritaine
Global Process Owner, Invoicing to Cash
HighRadius was able to provide a solution that eliminated manual operation by providing efficiency throughout our A/R processes
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Carolyn Etress
Director of Accounts Receivables
HighRadius has the cash application cloud that goes beyond what the banks and traditional ERP programs do, to support faster payments processing.
Read Case StudyLet NLP handle the heavy lifting by capturing remittance details from emails and check images, then seamlessly matching them with bank payments.
Automate 90%+ of Emails & Check Capture
Use multiple OCR engines to read from check images.
Process unstructured remittances by identifying patterns.
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Auto-fetch remittance data from customer websites and 100+ AP portals using bots and APIs. Use AI to read downloaded Excel/PDFs from customer websites.
Automate Remittance Capture From Portals
Pull key remittance data fast.
Out-of-the-box robotic process automation for 100+ AP portals.
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When payments and remittances arrive separately, our software automatically links and processes them. Using smart algorithms to match details like customer numbers and invoice amounts, we ensure every payment is accurately applied.
Use pre-built algorithms to recognize bank info and payer names.
Pair invoices with remittances, even if the invoice numbers are partial.
Match remittances to payments, even if received days apart.
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When remittance information is missing, our AI steps in to suggest possible matches or emails customers for the details. It’s a time-saving solution that automates the most tedious parts of cash application, letting your analysts focus on more critical tasks.
Predict remittance details from past payment patterns.
Achieve 2X exception productivity.
Auto-assign exception payments to an analyst’s worklist.
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Automated Cash Application software identifies why customers short-pay invoices and matches them to ERP reason codes. Even low-dollar disputes and discounts are automatically posted and written off, streamlining your accounts receivable process.
Handle 20+ discount scenarios.
Uses a pre-built reason code library to translate into ERP-specific codes.
Direct small deductions, FX, and bank fees to specific GL accounts.
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Connect with 75+ global banks. Whether it’s lockbox images, BAI2 files, or EDI/MT940 formats, our system automatically pulls and processes payment and remittance information, making sure nothing slips through the cracks.
Extract amounts, dates, and references from bank statements
Auto-extract remittance info from lockbox check images
Use ML to capture remittance details from European statement notes
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Streamline your vendor selection process with our free Cash Application RFP template—designed to help you evaluate solutions efficiently.
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Build a compelling business case for Cash Application automation with our free, customizable template tailored for AR leaders.
Download NowWhether you’re a growing business or an enterprise organization, HighRadius offers flexible pricing options tailored to your needs.
Have a specific need? Get a tailored quote for your B2B finance team.
Cash Application Automation software simplifies the process of three-way matching with remittances, payments, and invoices. It uses technologies like artificial intelligence and machine learning to automate this process.
The cash application software improves cash flow management, reduces processing time, and enhances accuracy, making it a valuable tool for businesses.
Ans: Yes, the Cash Application software seamlessly integrates with your ERP and supports API integration for other financial management systems. For low-volume ERP data imports, it also supports Excel and CSV formats, enabling easy extraction of accounts receivables.
