AI & RPA Led Cash Application Automation

Achieve up to 70% match rate with AI and RPA enabled cash application and bank reconciliation 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

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Cash Allocation Software: Key Features

Email Remittance Automation

Pulls remittance details from emails and attachments using AI-enabled technology to ensure accurate data capture across all remittance file formats and languages.

No Remittance Scenarios

Auto captures remittance details from bank statements with template-agnostic technology and uses AI to predict remittance for incomplete details.

Bank Reconciliation Software

Auto captures remittance details from bank statements with template-agnostic technology and uses AI to predict remittance for incomplete details. Also, does bank reconciliation to post general ledger entries for outward transactions for A/P, payroll and so on.

Web Remittance Capture

RPA bots to log in, navigate, and capture remittance information from customer portals and popular Accounts Payable networks.

Invoice Matching

Automatically matches 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 Dispute Handling

Identifies disputes at the source based on short-payments or over-payments. Assigns ERP-specific reason codes based on chosen parameters.

There's no time like the present

Get a Live Demo of Cash Application for Your Business

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90%+

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Auto-Match Rate for
Cash Application

20%

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Increase in Automated
Processing Rate

62%

HighRadius Customer: Employbridge

Reduction in headcount
from 34 to 13 FTEs

Carolyn

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.