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Integrated Receivables Cloud Platform

Cash Application Cloud

95% Zero-Touch Cash Posting for Checks, ACH, Cards
Eliminate 100% of Lockbox Key-In Fees
Artificial Intelligence-Enabled Data Capture

Solution Overview

Cash Application Cloud

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.

Key Features

Check Remittance
Check Remittance Capture

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

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Check Remittance
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.

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Check Remittance
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.

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Check Remittance
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.

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Check Remittance
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.

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Check Remittance
Remote Deposits and Mobile Payments

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

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What our customers say

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.

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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.

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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.

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Success Stories

Sysco 3 Million

Payment Line Items Automated

Coty 95%

Effort Reduced in Deduction Coding

johnson-johnson 95%

Automation of Cash Application Operations

There's no time like the present

Get a Live Demo of Cash Application for Your Business.

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Resources

Ebook

5 Cash Application Technologies Every A/R Manager Should Know

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Calculator

Calculate your ROI from Cash Application Automation

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Datasheet

Datasheet: Cash Application Cloud

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Blog

10 Tips on Automating the Cash Application Process

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Webinar

How AI enabled Reckitt Benckiser to Process $15B Receivables at Zero Additional Cost

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Webinar

How COTY Achieved 87% Straight-Through Payment Processing Automation

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