Auto-Match Rate for
Cash Application
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.
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.
