Deduction Auto-Coding Solution
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Cash Application Software

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.

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AI-Based Credit Management Software

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Accurately Validate Customer Discounts/Deductions with Deduction Auto-Coding

Validate a customer’s short-paid invoices with HighRadius’s library of Reason Code Identification algorithms by automatically mapping customer reason codes with internal ERP-specific reason codes. Automatically post to the right General Ledger(GL) and write off the low dollar disputes and discounts.

Deduction Reason Identification with Pre-built Mapping

  • We offer a pre-built library of reason code mapping to identify the reasons for deductions.
  • Due to 600+ implementations, mappings have been pre-built for major Customers like Walmart, Amazon, Target, etc.
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Automated Discount Handling with Pre-Built AI Algorithms

  • The solution offers prebuilt algorithms to handle 20+ discount scenarios when you offer discounted terms to your customers for encouraging early payment.
  • Automatically validate if the Customer applied the correct amount of discount they are eligible for, and if they did it within the allotted time.

Avoid Posting Errors with Automated GL Write-Off

  • Based on configurable rules, the system can automatically write off items to a specific GL(General Ledger), commonly in cases for low-dollar deductions and also for bank fees.
  • Set up the system to automatically write off the Wire fees(charged by banks, especially during cross-border payments) to a specific GL. 
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Processes Faster with Automated Conversion to ERP Reason Code

  • Automatically capture the customer reason code and convert it to ERP-specific reason codes, quickening the downstream processing, such as research and approval.
  • Auto-coding can help the ERP and the Deductions team solve disputes faster and provide a smooth customer experience.

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Transform Your Cash Application Process

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AI-Based E-Mail
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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.