A growing customer base of large and small customers paying through a combination of checks and ACH turns cash application into an execution nightmare. Even as teams continue to pay high bank lockbox fees, they must also manually process multiple payment formats, decoupled electronic remittances, and incomplete check remittance data.
Join Elaine Nowak as she discusses how one of the largest manufacturers of Greetings Cards in the U.S. tackled cash application and posting exceptions in four weeks.
HighRadius Cash Application Cloud 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.