Cash Application Cloud

Cash Application Software

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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Cash Application Software - 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. Since the solution is delivered via the cloud, it 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 Accounts Receivable engine automatically matches payments with open invoices. This eliminates the resource requirement for manual data capture, invoice matching and 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.

What our customers say

"HighRadius Cash Application Cloud goes beyond what banks and traditional ERP programs do to support faster payments processing."

Carolyn Etress
Director of Accounts Receivable
EBSCO

Danone
"The HighRadius team is excellent and I am excited about our ongoing partnership using the Integrated Receivables platform."

Mike Pettyjohn
Head of Accounts Receivable, Finance Business Services
Danone

"HighRadius technology is evolved and not antiquated like other industry competitors."

Jason Herrington
Director of A/P & A/R
EmployBridge

CASH APPLICATION CLOUD- 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 to ensure 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 Accounts Payable 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 the source based on short-payments or over-payments. Assign ERP-specific reason codes based on chosen parameters.

Check Remittance
Remote Deposits and Mobile Payments

Apply cash directly for checks submitted through RDC machines or scanned via mobile apps.

$507 Billion

Total Receivables

$289 Billion

Total Payments

$30 Billion

Total Deductions

Processed Annually via our Integrated Receivables Platform

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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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