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Cash Application Software

Automated Portal Remittance Capture

Capture Remittance information from Customer Portals by leveraging out-of-the-box Robotic Process Automation (RPA) Bots and match the extracted information to the payments, further sent to ERP for auto application.

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AI-Based Credit Management Software

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Save cost on building RPA Bots with Automated Remittance Capture from Customer Portals

Avoid the costly need to build and maintain custom RPA Bots by leveraging HighRadius’s 500+ out-of-the-box RPA Bots that automatically captures remittance information hosted on customer portals. Remittance Portal Automation downloads the remittance from the website to match the extracted details with the payment and sends it to ERP for auto-application.

Download Remittances from Websites with RPA Bots

  • With the help of RPA bots and API integrations, Remittance Portal Automation aggregates remittance information from the Customer Websites.
  • Analysts can skip the process of manually logging into customer portals to download the remittance information.
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Extract Remittance from Excel/PDF with AI-Based Electronic Data Capture

  • The remittance information is typically downloaded as an Excel/PDF document from the website.
  • Read and extract relevant remittance information from the downloaded documents and capture key parameters like Invoice Number, Payment Amount, Deductions, etc., using an AI-Based Excel/ PDF Parser.

Identification of Deduction Type by Mapping Reason Codes

  • Benefit from our maintained reason code mapping library that helps identify why a customer is taking a Deduction.
  • The customer’s reason code is auto-coded to the reason code used in the ERP to avoid Deduction errors/misunderstandings between the ERP and the Deductions team.
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Transform Your Cash Application Process

Cash App Process

Cash Application Process

Bank Connectivity
Manager

Bank Connectivity Manager Icon

AI-Guided
Exception
Management

AI-Guided Exception Management Icon

AI-Based E-Mail
Remittance
Capture

AI-Based E-Mail Remittance Capture Icon
AI-Based Check Remittance Capture Icon

AI-Based Check
Remittance
Capture
Unbundled Payment Remittance Processing Icon

Unbundled
Payment
Remittance
Processing
Deduction Auto-Coding Icon

Deduction
Auto-Coding
process flow

Frequently Asked Questions

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

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

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's worth of efforts spread across the implementation time frame.

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.

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.

Project timeline depends on the complexity of the scope. It’s generally between 8-16 weeks.

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

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.

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.