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Save 100% lockbox fees by accurately capturing check remittance data. Leverage AI-based multi-OCR engines to capture noise-free check remittances.
Cash Application Cloud leverages AI technology to automatically suggest reference numbers that were not captured due to poor check image quality.
Auto-match payments to invoices even in the most complex business scenarios such as parent-child relationships, installments. Automatically map customer reason codes to ERP-specific reason codes.
Cash Application Cloud automatically posts payments to ERP without any manual intervention. Your analysts no longer need to manually reconfigure lockbox files.
IDC MarketScape for Order to Cash SaaS
Forbes Cloud 100
Recognized as a top cloud leader in Fintech
Top 250 Fintech
Selected from 16,000+Global Fintech Companies
“The team was ending 300 on average on the week, 385 wire transfers manually and with HighRadius, this went down to 128. And effectively we are able to remove 50% of the workload and operation.”
“We handle all the credit evaluation, cash application, collections, and deductions management within our shared services department in North America. Most of these operations were processed in-house and had a high manual intervention.”
“We were able to combine a number of departments where it takes an entire department to apply cash. We now have one person applying cash, and it doesn’t even take a full day.”