Cash Application Management
Eliminate Bank Key In Fees. Capture remittances from checks to drive 80%+ automation.
Proprietary voting algorithm to pick each character read by three OCR engines.
Algorithms to cleanse character-level information into a tabular structure of rows and columns.
Classification and grouping of data to identify remittance information such as payment amounts, invoice references, reason codes, & discounts.
NLP and pattern recognition algorithms identify remittance information from unstructured data, such as bodies of emails.
HighRadius' industry-defining Speed to Value methodology ensures faster time to implementation and quicker ROI (in 3 to 6 months) through a combination of out-of-the-box functionalities, agile implementation methodologies, and a focus on the outcome metrics.
As a part of our partner programs, we collaborate with various banks and financial institutions to automatically capture payment information from all the industry-standard bank payment files and formats.
HighRadius' industry-defining Speed to Value methodology ensures faster time to implementation and quicker ROI (in 3 to 6 months) through a combination of out-of-the-box functionalities, agile implementation methodologies, and a focus on the outcome metrics.
Our automated cash application software helps you achieve faster and more accurate cash posting, save 100% lockbox key-in fees, and eliminate the hassle of manually collecting remittance data.
Manual remittance data capture from various formats and sources, paying lockbox fees for checks, coding ERP codes to disputes, and missing remittance scenarios are the major challenges, to name a few.
Typically, our pricing has two components: the one-time setup fees and a monthly recurring subscription fee. You can get on a call with us and get customized pricing according to your business needs.
Security is of paramount importance to each of our customers, as it is to us. We are SSAE16 Soc I Type II certified, PCI-DSS compliant, and CSA registered. We strictly follow all industry standards and best practices.
Bank of America, JP Morgan, CITI, Scotia, Wells Fargo, etc., to name a few. We have integration with a lot of banks.
