Achieve Zero Touch Cash Reconciliation in Sage Intacct 

Sage Intacct, being an ERP solution that primarily helps unite business workflows needs to be augmented with out-of-the-box solutions to improve cash reconciliation and other AR processes.

While Sage Intacct offers strong reconciliation features to match bank records with your books, it needs enhancements when it comes to other forms of payments like checks and part-payments.

AR automation capabilities: Existing reconciliation processes in Sage AR require you to supplement them with manual remittance gathering efforts. It also needs additional support for gathering data from multiple sources such as emails, email attachments, checks, customer portals, and account payable networks.

Add on services needed: Lockbox services are offered by banks to ease the flow of business transactions for your AR teams. However, these services are usually expensive.

Improve cash reconciliation in Sage Intacct by connecting it with end-to-end adaptive AR automation solutions like RadiusOne.  Our app enables automated cash reconciliation across diverse payment formats and remittance sources including emails and web portals using automated invoice matching and short-payment identification.

• AI-enabled data aggregation engine: Add on cash reconciliation app with enabled data aggregation engines automatically aggregates remittances across various sources and formats including check stubs, emails & web portals. Moreover, the engine is template agnostic which means it pulls data from various touchpoints for both schema and non-schema templates.
  • Email parsers in cash reconciliation apps can help gather remittance information received via emails while web aggregation engines capture information from the customer and bank portals periodically. The OCR engines can be also be configured to scan checks and capture data seamlessly

• Straight through posting capability: Out of the box, Add on cash reconciliation app helps post cash accurately in the Sage ecosystem with automated customer identification and invoice matching. This helps your finance team to close account receivables without manual interventions.  Zero-touch cash posting into Sage Intacct ERP can be done via an automated matching system.
  • Automated matching system supports customer identification, multi-variant invoice matching with payments and remittances
  • The total amount representing open invoices is pulled from the ERP and the payment amount is gathered from remittance information. Both amounts are then automatically matched and updated in the base system

RadiusOne also helps mid-sized businesses continuously monitor customer credit risks and perform effective collections.

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