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Cash Application, ERPs, Multiple Business Units: Resolve 3 Real World Complexities to Achieve 90%+ Automation in Payment Processing

Highradius

About The Webinar

Large businesses established across countries and business units (BUs) often face challenges in cash posting such as split payments across business units and matching payments to multiple ERPs and legacy systems. Such variances inflate the manual work in the cash application process, as each incoming payment needs to be resolved for multiple business units and geography

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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.