CASH APPLICATION CLOUD
Cash Application Software for 95% Zero-Touch Cash Posting across ACH, Checks, Credit Cards and Other e-Payments
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. The solution is delivered via the cloud and does not require complex and costly on-premise installation or infrastructure. AI-enabled data capture systems are able to capture and read remittance information from checks, emails, email attachments and web portals, while the A/R engine automatically matches payments with open invoices. This eliminates resource requirement for manual data capture, invoice matching or identification of short-payments and deductions. Easy Integration with any ERP system ensures that users are able to leverage all standard ERP cash posting functionality.
Check Remittance Capture
Automatically capture remittance information from check stubs using a template-free technology coupled with Artificial Intelligence.
Email Remittance Capture
Pull remittance details from emails and email attachments using AI-enabled technology for 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 A/P networks.
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 source based on short payments or over payments. Assign ERP specific reason codes based on various parameters.
Remote Deposits and Mobile Payments
Apply cash directly for checks submitted through RDC machines. Capture and apply cash for checks 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 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 campaigns to customers to provide remittance information for unapplied payments over the radiusOne 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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