Automatically receive and extract payment/remittance information from the bank statements and lockbox images across all industry-standard bank payment file formats with multi-language support.
Automatically capture remittance information for electronic payments sent via email (in the email body as tables, plain text, or as pdf/excel/word attachments) and match it with payments from the banks.
Automatically extract accurate, noise-free check remittance information from all industry-standard bank payment file formats and remittance file formats such as PDF, HTML, Excel, JPEG, etc.
Automatically capture remittance information from customer portals and match the extracted information to the payments.
Automatically link and process the electronic payments and remittances received separately through parameters like customer#, invoice number, payment amount, etc.
Automatically map customer reason codes with internal ERP-specific reason codes and validate whether discounts taken by customers are based on payment terms or trade promotions. Automatically post to the right GL and write off the low dollar disputes and discounts .
Improve team's productivity by handling 10-15% of the no remittance scenarios. Get AI-based remittance suggestions and automatically email the customers requesting remittance information.
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