Standardized Cash Application Process


This ebook outlines the 11 most widely used global payment formats a treasury team should be aware of and accept to constitute a healthy payment mix

Contents

Chapter 01

Executive Summary

Chapter 02

11 Global Payment Formats

Chapter 03

Arriving at a Preferred Payment Mix

Chapter 04

Standardized Cash Application Process

Chapter 05

About HighRadius
Chapter 04

Standardized Cash Application Process


Cash application cloud ensures seamless cash posting. It ensures the following: ? 95% Zero-Touch Cash Posting for Checks, ACH, Cards ? Eliminate 100% of Lockbox Key-In Fees ? Artificial Intelligence-Enabled Data Capture Cash Application Cloud The key features of this product include: ? Check remittance capture ? Email remittance capture ? Web remittance capture ? Invoice matching ? Discounts and Deductions handling ? Remote deposits and mobile payments

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HighRadius Integrated Receivables Software Platform is the world's only end-to-end accounts receivable software platform to lower DSO and bad-debt, automate cash posting, speed-up collections, and dispute resolution, and improve team productivity. It leverages RivanaTM Artificial Intelligence for Accounts Receivable to convert receivables faster and more effectively by using machine learning for accurate decision making across both credit and receivable processes and also enables suppliers to digitally connect with buyers via the radiusOneTM network, closing the loop from the supplier accounts receivable process to the buyer accounts payable process. Integrated Receivables have been divided into 6 distinct applications: Credit Software, EIPP Software, Cash Application Software, Deductions Software, Collections Software, and ERP Payment Gateway - covering the entire gamut of credit-to-cash.