Integrated Receivables Cloud Platform

CASH APPLICATION CLOUD

Cash Application Software for 95% Zero-Touch Cash Posting across ACH, Checks, Credit Cards and Other e-Payments

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. 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.

Key Features

Check Remittance
Check Remittance Capture

Automatically capture remittance information from check stubs using a template-free technology coupled with Artificial Intelligence.

Check Remittance
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.

Check Remittance
Web Remittance Capture

Web robots to log-in, navigate and capture remittance information from customer portals and popular A/P networks.

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.

Check Remittance
Discounts and Deductions Handling

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

Check Remittance
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

The Future of Cash Application Cloud is here

Receivables Analytics

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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Rivana

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.

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radiusOne Network

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.

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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

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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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Webinar

How Your A/R Team Could Eliminate Lockbox Fees and 90% Payment Processing Tasks

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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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