TRUSTED BY OVER 200 FORTUNE 1000 COMPANIES

Cash Allocation Automation Software

  • Achieve up to 70% match rate with AI and RPA enabled cash allocation and bank reconciliation software.
  • 100+ global payment methods including SEPA & Credit Card
  • 95% match-rate for email remittance and bank statements
  • Improve match-rate for no-remittance scenarios with AI and Machine Learning
  • Automate general ledger(G/L) posting for outward transactions

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Cash Allocation Automation Solution

Cash App Cloud

HighRadius Cash Allocation Cloud enables the end-to-end automation of the cash allocation process that covers remittance aggregation from different sources/formats, payment linking, invoice matching, deduction coding, and ERP posting. Lower operating costs for accurate, same-day, on-invoice cash posting.

  • Artificial Intelligence-enabled data capture for remittances and auto-linking of payments with open invoices eliminates errors due to manual entry.
  • Cuts costs on lockbox fees.
  • Frees up analyst’s time to focus on high-value critical tasks such as Credit and Collections.
  • Easy compatibility with any system with our ERP agnostic SaaS infrastructure

Key Features

Email Remittance
Capture

Pull remittance details from emails and email attachments using AI-enabled technology to ensure accurate data capture across all remittance file formats and languages.

Discounts and Deductions
Handling

Identify deductions at the source based on short-payments or over-payments. Assign ERP-specific reason codes based on chosen parameters.

Check Remittance
Capture

Auto capture remittance from check stubs with template-agnostic technology.

Web Remittance Capture

Web robots to log in, navigate, and capture remittance information from customer portals and popular Accounts Payable networks with the help of Robot Processing Automation.

Invoice Matching

Automatically match payments to invoices even in the most complex scenarios across industries including complex parent-child relationships, pre-payments, installments, and matching by non-invoice reference numbers.

RDC and Mobile
Payments

Apply cash directly for checks by directly submitting to office location through RDC machines or scanned via mobile apps.

What our customers say

Coleen Zdrojewski

Vice President – Financial Services
Dr Pepper Snapple Group
With HighRadius, we have seen Financial Services costs decline by $2.5M while volume, quality and productivity increased.

Mike Pettyjohn

Head of Accounts Receivable, Finance Business Services
Danone
The HighRadius team is excellent and I am excited about our ongoing partnership using the Integrated Receivables platform.

$1 Trillion+

In transaction processed Globally Over the HighRadius Platform

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Resources

Ebook

9 Proven Strategies to Reduce DSO by 15%
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Webinar

Learn how Air Products & Chemicals automated Credit Management for 320,000 customers
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Benchmarking Report

Benchmark your credit and A/R operations performance against your competitors
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Related Pages

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Accounts Receivable Management Software streamlines your A/R processes with & automates your credit, collections, and payment processing.

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