Best AI-Powered Cash Application Automation Software
Autonomous Receivables for Order to Cash

AI-based Cash Application Software

Enable 95% straight-through cash posting, same day cash application, and 100% savings in lockbox key-in fees

Schedule a Discovery Call Get Your Free Benchmarking Report
Desktop with Black Screen
AI-Based Deduction Management Software_highradius-product

Trusted by 800+ Global Businesses

Cash Application Automation Benefits

Solution Overview

Key Product Features

Integration Capabilities

Success Stories

80% Automation Rate for Cash Application

Automatically match payments and remittances to the open invoices and apply cash accurately even with an incomplete or inaccurate invoice number

Save 100% lockbox key-in fees by applying AI-based, multi-OCR engine to capture noise-free and accurate check remittance.

Auto-extract remittances from email body and attachments (checks, customer websites and AP portals) across all file formats and languages with automated remittance software and web bots.

Auto-identify short payments, capture reasons codes and map it to the ERP-specific deduction codes.

Resolve deductions faster in no/missing remittance scenarios; where system predicts invoices as potential remittances. Reduce manual customer master data maintenance

Improve analyst productivity by leveraging automated remittance capture across all sources which helps reduce the time spent on repetitive non-value-added tasks.
Product Benefits Image

See Cash Application Cloud in Action | Explore a Virtual Product Tour

Watch 1-min videos

HighRadius named as Leader in Gartner's 2022 Magic Quadrant for Invoice to Cash

READ THE REPORT

HighRadius Cash Application Cloud Overview

Collections Flow Diagram
Download Data Sheet Check out our Integrations Capabilities

Transform your Cash Application Management in Record Time!

Get results fast with ROI delivered in 3-6 months

Know More About Speed To Value Methodology

Key Product Features

Bank Connectivity Manager

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.

Learn more
AI-based E-Mail Remittance Capture

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.

Learn more
AI-Based Check Remittance Capture

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.

Learn more
Automated Portal Remittance Capture

Automatically capture remittance information from customer portals and match the extracted information to the payments.

Learn more
Unbundled Payment-Remittance Processing

Automatically link and process the electronic payments and remittances received separately through parameters like customer#, invoice number, payment amount, etc.

Learn more
Deduction Auto-Coding

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 .

Learn more
AI-guided Exception Management

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.

Learn more

Bank Connectivity Manager

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.

See it in action, How Autonomous Cash Application Software Can Post Cash Accurately

Schedule Product Discovery Call

Seamless Integration

We integrate with ERP systems, credit agencies, payment partners, banking partners, and other third-party applications to streamline data workflows & eliminate manual data entry

We are an ERP agnostic software that integrates with all major ERPs

ERP Integration

+20 More

Learn More About our ERP Compatability

We collaborate with 100+ bank across geographies

ERP Integration

+100 More

Know More About HighRadius Integrations

We have a library of 500+ integrations globally with Customer and AP portals

ERP Integration

+500 More

Know More About HighRadius Integrations

We offer out of the box APIs with 1000+ projects

ERP Integration

+50 More

Know More About HighRadius Integrations

Explore With An Example

Cash Application Automation For SMBs/Mid-sized Businesses

Eliminate manual efforts of capturing remittance data and achieve straight through cash posting with our Cash Reconciliation software that is specifically tailored for small & mid-sized businesses, scalable to your business needs with quick implementation.
Explore the Solution

Success Stories

56 Man-Hours

80% automated cash posting from 50-55%; saving 56 man-hours per week

Read Full Story

100%

100% touchless cash posting even for exceptional scenarios, missing data & unfamiliar payment formats

Read Full Story

95%

95% touchless auto-cash posting hit-rate achieved within 90 days of implementation

Read Full Story

World's only AI-powered Accounts Receivable Software

Transform your Order to Cash process through end-to-end automation of Credit, Billing & Invoice, Cash Application, Deductions and Collections

Autonomous Receivables

 Autonomous Receivables Logo
AR Software Logo

Credit

Mitigate risk with real-time credit risk visibility. Get comprehensive workflows to manage your global portfolios.
Learn more
AR Software Logo

Billing & Invoice

Enable frictionless billing and payments globally through auto-invoice delivery and self-serve payment portals
Learn more
AR Software Logo

Deductions

Improve net recovery rate and DDO with prioritized Deductions Resolution with AI-based Dispute Validity Predictor
Learn more
AR Software Logo

Collections

Achieve Faster Receivables Recovery to reduce DSO with AI-Based Worklist Prioritization & Automated Dunning Capabilities
Learn more

Want to know why Integrated Order to Cash process is the future?

Talk to our expert

30-mins free consultation

Resources

HighRadius Deduction Automation Datasheet

HighRadius Cash Application Automation Datasheet

In this datasheet we cover the challenges that the cash application teams face, how HighRadius could help with them and the success stories.
Download the Datasheet
Accounts Receivables Dispute Management

Business Case Template For Cash Application Automation

This package contains an excel sheet and an ebook for A/R leaders for justifying a business case in an automated cash application system.
Download the template
Resolving Deductions 2x Faster

The Curious Case of Remittance Aggregation: Essentials for Modern AR

This whitepaper features the implications of automating remittance for cash, impacting the organization’s working capital and cash flow.
Download the whitepaper

Frequently Asked Questions

How many banks does your system currently support?

Bank Of America, JP Morgan, CITI, Scotia, Wells Fargo etc. to name few. We have integration with lot of banks.

We will be able to handle most of the IT related efforts during the implementation. All we need the IT is for getting us the open AR extract and the bank payment file. This will be usually around a week worth of efforts spread across the implementation time frame.

Project timeline depends on the complexity of the scope. Its generally between 8-16 weeks

What are the benefits of automated cash application?

Our automated cash application software helps you achieve faster and accurate cash posting, save 100% lockbox key-in fees and eliminate the hassle of manually collecting remittance data.

We are an ERP agnostic software that integrates with any and all of the ERPs like SAP, Microsoft Dynamics 365, Oracle, Netsuite, etc.

Security is of paramount importance to each of our customers as it is to us. We are SSAE16 Soc I Type II certified, PCI-DSS Compliant and CSA Registered. We strictly follow all Industry standards and best practices.

Typically our pricing has two components the one time setup fees and a monthly recurring subscription fee. You can get on a call with us and get a customized pricing according to your business needs.
Connect With our Expert

Manual remittance data capture from various formats and sources, paying lockbox fees for checks, coding ERP codes to disputes, missing remittance scenarios are the major challenges to name a few.