What are the supported formats for payments and remittances?
Cash Application Automation Softwares supports multi-bank Connectivity - with the ability to process industry standard payment formats - EDI, BAI, BAI2, CAMT, MT940, CSV, from global banks.
How many banks does HighRadius currently integrate with?
HighRadius offers pre-built integrations with 100+ global banks including Bank of America, JP Morgan, CITI, Scotia, Wells Fargo, to name a few, to automatically receive and extract payment/remittance information from bank statements and checks. It can process 60+ currencies globally.
How does HighRadius Cash Application Software compare to alternative solutions?
HighRadius Cash Application Software utilizes AI and ML for Remittance Aggregation & Exception Handling, trained on $10.3 trillion financial data. AI-Remittance Capture extracts remittance info from Emails, Attachments & Checks and Exception Management predicts missing remittances.
How much IT involvement is needed to maintain a Cash Application Software?
The right Cash Application Software requires minimal IT involvement. With seamless plug-and-play integration into ERPs using real-time APIs and Hex (SFTP) connectors, along with pre-built modules and industry-specific best practices, customers can deploy remotely with ease, reducing all IT dependencies.
How does HighRadius Cash Application Software handle data security and privacy?
HighRadius Cash Application Software prioritizes data security and privacy, adhering to stringent industry standards such as GDPR, ISO, PCI DSS, HIPAA, and SOC. We use strong encryption and role-based access controls to protect your financial data, ensuring confidentiality and compliance.