Cash Application Cloud
95% Zero-Touch Cash Posting for Checks, ACH, Cards
Eliminate 100% of Lockbox Key-In Fees
Artificial Intelligence-Enabled Data Capture
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Lower operating costs for accurate, same-day, on-invoice cash posting.
HighRadius Cash Application Cloud enables the end-to-end automation of the cash application process that covers remittance aggregation from different sources/formats, payment linking, invoice matching, deduction coding, and ERP posting.
It offers benefits such as:
- 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.
- ERP agnostic SaaS infrastructure enables easy compatibility with any system.
Check Remittance Capture
Auto capture remittance from check stubs with template-agnostic technology.
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.
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.
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.
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.
Remote Deposits 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
Director of Accounts Receivable
Head of Accounts Receivable, Finance Business Services
Director of A/P & A/R
The Future of Cash Application Cloud is here
Real-time visibility into payment processing automation levels
Gain end-to-end process visibility with out-of-the-box reports and dashboards to track team productivity and key cash application metrics including hit-rate, exceptions, and deductions. Receivables Analytics offers intuitive data visualization that helps you drill down into individual reports to identify bottlenecks or issues in the cash application process.Learn More
Eliminate 80% of repetitive manual exception handling
Boost straight through cash posting with the help of the Rivana artificial intelligence engine that uses self-learning algorithms to study analyst exception-resolution patterns and automate exception handling.Learn More
Automate processing of payments with missing or incomplete remittance
Trigger automated email correspondence to customers who do not provide remittance information for unapplied payments over the radiusOneTM network portal. Leverage captured information for straight-through cash application.Learn More
Payment Line Items Automated
Effort Reduced in Deduction Coding
Automation of Cash Application Operations
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