HighRadius’ ReceivablesRadius Cash Application Automation helps businesses significantly improve on-invoice hit rate by automatically matching open payments to invoices. Cash Application Automation helps completely automate an otherwise manually intensive process, thus saving valuable time for analysts and improving the overall order-to-cash cycle efficiency. At the heart of this solution is a robust data aggregation engine and a rules-based transformation and matching engine that can automatically aggregate payment and invoice data and match payments to invoices. Cash Application Automation’s aggregation engine is designed to work with payment data in various forms (EDI documents, e-mails or Paper form). Cash Application Automation comes with an intelligent rules engine with configurable rules that can handle complex transformation and matching logic to match payments to invoices and to auto-detect deductions.