Cash Application
Automate Cash Application
For most businesses, cash application is a tedious and manual process that is prone to errors. Our partner platforms and software packages seamlessly integrate with your ERP to automate 90%+ of cash application.
Artificial intelligence
Capture remittance detail from paper checks, emails, and customer AP portals. Where remittance data is lacking or illegible, match payment amounts to a unique and exact combination of invoices.
Encourage online payment
If you give your customers an intuitive online payment portal, they are doing cash app for you – marking which invoices they are paying and fully automating the process.
Optical Character Recognition
Your field reps and drivers can capture and apply checks and remittance detail via an app on their smartphone.
Machine Learning
Perhaps your customer always truncates your invoice numbers to the last six digits or adds “INV” as a prefix to each with their remittance advice. If we teach the cash app system this once, future payments with the same type remittance can be fully automated.
Benefits
Save Time
Efficiency gains of 75% in cash application
Efficient Cash Application
With 90%+ of payments applied without human intervention, your AR team has ample time to focus on the small amount of exceptions that require additional attention.
Reduce DSO
Shave 1-2 days off your days sales outstanding simply by ensuring same day cash app on all received payments.
Trust Your AR
When you can trust that payments are being applied the same day, you can be confident the AR data you are looking at is current and not delayed by unapplied cash, helping you better manage credit limits and collection efforts.
Our Partners
What our clients say about
Trade Confidence
“The online credit app has made us so much more efficient. And our salespeople and customers love it!”
AR Manager, Building Materials
“They delivered dramatic improvements to both the coverage and cost of our credit insurance policy.”
CFO, Metals
“Their post-sale service is second to none. They pick up the phone whenever I call and quickly address my questions.”
President, Paper