High-speed Invoice Matching for Optimized Inbound Payments
Customer payments come in all kind of different formats such as bank statements, remittance advices, lockbox and check images making the reconciliation process labour-intensive and error-prone. In addition to banking communication, the increasing usage of payment service providers by customers adds further complexity to cash applications processes. If you want to optimize your liquidity and working capital with swift and precise cash application while reducing risk and DSO, there is no alternative to automation.
Our Cash Application solution reaches highest possible levels of automation rates and efficiency gains for matching all payments against open items, intelligently recognizing and consolidating all common formats from banks and customers while simultaneously integrating all payment information into one process for matching purposes. Utilizing embedded robotic process automation and machine learning capabilities our solution improves the accuracy of the clearing process, making repetitive and manual activities obsolete and enabling accountants to focus on more sophisticated and high-value tasks.

Unprecedented Matching Rates thanks to Embedded Robotics

Our Cash Application solution boost the efficiency of your inbound payments and the A/R efforts by 50% to 60%. With our sophisticated SmartEye technology all formats of structured and unstructured remittance advices are accepted directly processed within your system, saving you time and condensing steps in the workflow. You can quickly set-up new reports and run speedy queries based on daily or historical data. The personalized reports are supported with responsive robust metrics and analytics to keep your processes up to date and streamlined. And finally, our cash application solution puts you in charge; you own the solution writing your rules and filters for posting.
Further Reading

Success Story: Nordson
Pushing the?Boundaries?of Treasury?Technology.

Whitepaper: Best Practices in Accounts Receivable Processing
For improving the order-to-cash cycle, cash?application is a good place to start.

Order to Cash Brochure
With our unique O2C solutions we can significantly accelerate your cash application and collections through automation, reduce DSO, handle any kind of payment format, optimize credit management and achieve global visibility of your incoming payments faster.