Read on to find out how Artificial Intelligence and Cloud-Based Machine Learning can help you cut down costs, effort and time!


Chapter 01


Chapter 02

Artificial Intelligence to Capture Remittance Data from Check Stubs

Chapter 03

Intelligent Parsing To Read Remittance Data from E-mails

Chapter 04

Intelligent Web Aggregation To Capture Remittance Data from Websites

Chapter 05

EDI Encourage Customers To Use EDI For Remittance Data

Chapter 06

Rules Achieve over 90% Automation Levels

Chapter 07


Chapter 08

Additional Resources
Chapter 07


Automating cash application is not only easier and faster to achieve, but also results in achieving high level of automation and significant resource savings. Armed with the information and resources within this book, you should be able to identify the right technology mix that will help you optimize your cash application process and meet your business objectives. Here is a brief summary of the important points we covered:


Use AI-Powered Optical Character Recognition

This will help you automate your check remittances. Not only will this enable cost savings but also help realize significant improvement in automation rates. Automation E-mail

Focus on Automating E-Mail Remittances

This is a low-hanging fruit that can provide significant ROI and tremendous reduction in the cash-application effort. www

Stop Manually Accessing Customer Websites for Data

Use Smart Web-Aggregation Technology to automatically capture all remittance related information from your customers? portals. EDI templates

Don?t Build EDI Templates for each of your Customers

Build a single, generic EDI Reader that can process various types of EDI remittance formats and file types. EDI Template

Deploy Business Rules to Reduce Errors in Cash Application

Use Business Rules to cleanse data, ensuring invoices are closed in the system with minimal or no human intervention.

  Expert Advice


What Is Lockbox Payment & How Automation Can Help Save Lockbox Key-in Cost for Your Business?

Bank API Integration: Everything You Need to Know

Here is how OCR Check Processing Can Transform Order to Cash Workflows.

There’s no time like the present

Get a Demo of Cash Application Cloud for Your Business

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HighRadius Cash Application Software enables the end-to-end automation of the cash application process that covers major benefits such as AI-enabled data capture for remittances, auto-linking of payments with open invoices, cost-cutting on lockbox fees and easy compatibility with any system due to its ERP-agnostic Saas infrastructure. Apart from the major benefits that it has, there are some key features which can not be missed out, some of them are Email Remittance capture, Discounts and Deductions Handling, Check Remittance Capture, Web Remittance Capture, Invoice Matching, and RDC & Mobile Payments.