RPA vs AI for Cash Application

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Could AI improve the quality of your professional life?
Could a robot save you from long hours of repetitive work?

A study by AFP found that only 1 in 4 A/R teams achieve higher than 60% straight-through cash allocation rates in cash application. For every one A/R team focused on high-value credit and collections activities, there are three stuck in the weeds of reconciling payments and remittance.

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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.