Auto-Match Rate for
Cash Application
Reconcile bank transactions quickly
Achieve 95%+ match rate with AI and RPA enabled cash allocation and bank reconciliation accounting software..
- Automate cash allocation for SEPA, Credit Card and 100+ global payment methods
- Get 95% match-rate for email remittance and bank statements
- Improve match-rate for no-remittance scenarios with AI and Machine Learning
- Automate general ledger(G/L) posting for outward transactions
- Out-of-the-box integration to SAP, Oracle, NetSuite, Quickbooks and other ERP/Accounting systems
Request a Demo
Bank Reconciliation Solution: Key Features
Automated Bank Statement Processing
Auto-parse and classify electronic bank statements into operational and non-operational cash flow categories including A/R, A/P, Payroll, Tax, Treasury and post them into their respective general ledgers for richer reporting and analysis.
Automated Enrichment of Inflow/Outflow Data
Enrich bank statement data and seamlessly update the General Ledger in your ERP, with additional data elements using the configurable rules-based engine.
Accounts Receivable Reconciliation
Automatically matches payments to open A/R even in the most complex scenarios across industries including complex parent-child relationships, pre-payments, installments, and matching by non-invoice reference numbers.
Standard Integration With Multiple ERP Systems
Plug and play connectivity and auto-posting of the enriched electronic bank statements to global ERPs including SAP, Oracle, MS Dynamics, Infor, JDE, NetSuite & others.
Email and Web Remittance Automation
Pulls remittance details from emails, email attachments and web portals using AI-enabled technology to ensure accurate data capture across all remittance file formats and languages.
Invoice Matching
Auto captures remittance details from bank statements with template-agnostic technology and uses AI to predict remittance for incomplete details.
90%+
20%
Increase in Automated
Processing Rate
62%
Reduction in headcount
from 34 to 13 FTEs
Carolyn Etress
Director of Accounts Receivable
EBSCO
HighRadius Cash Application Cloud goes beyond what banks and traditional ERP programs do to support faster payments processing.
Jason Herrington
Director of A/P & A/R
EmployBridge
HighRadius technology is evolved and not antiquated like other industry competitors.
Mike Pettyjohn
Head of Accounts Receivable, Finance Business Services
Danone
The HighRadius team is excellent and I am excited about our ongoing partnership using the Integrated Receivables platform.
