Lockbox Automation Software
Lower operating costs for accurate, same-day, on-invoice cash posting.
HighRadius ‘ lockbox automation solution is delivered via the cloud and 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 images and stubs, 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. The solution integrates seamlessly with banks on one side and ERPs on the other to help you automate 80%+ check payments while saving up to 40% costs on lockbox.