Cash Application, ERPs, Multiple Business Units: Resolve 3 Real World Complexities to Achieve 90%+ Automation in Payment Processing

Key Takeaways

Eliminate manual efforts in cash posting and cash splitting for payments sent to different business units or divisions
Manage variations in discounts, deductions and payments terms for customers across geographies
Make the payment process easier for customer AP team paying to different BUs and geographical units
Evaluate suitable cash application technologies to achieve out-of-the-box capabilities that handle multi-geo and multi-ERP scenarios

Speakers

Elaine M. Nowak, Director, Product Management & Marketing, HighRadius

About The Webinar

Large businesses established across countries and business units (BUs) often face challenges in cash posting such as split payments across business units and matching payments to multiple ERPs and legacy systems. Such variances inflate the manual work in the cash application process, as each incoming payment needs to be resolved for multiple business units and geography

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HighRadius Cash Application Software enables the end-to-end automation of the cash application process that covers major benefits such as AI-enabled data capture for remittances, auto-linking of payments with open invoices, cost-cutting on lockbox fees and easy compatibility with any system due to its ERP-agnostic Saas infrastructure. Apart from the major benefits that it has, there are some key features which can not be missed out, some of them are Email Remittance capture, Discounts and Deductions Handling, Check Remittance Capture, Web Remittance Capture, Invoice Matching, and RDC & Mobile Payments.