Improve team productivity by helping the Cash Analysts handle 10-15% of Payments with no associated Remittances. Cash Application can provide AI-based remittance suggestions and automatically email the customer requesting remittance information.
Boost Team Productivity with AI-based Remittance Suggestions
When customers do not provide any remittance, the cash application system learns the past payment patterns and automates request emails for the analyst or provides suggestions for approval.
Easier Payments with Automated Customer Correspondence
The cash applications system will send an automatic e-mail to the customer with a link so that they can choose what invoices they intend to pay.
Auto-Assigned Exception Payments for Workflow and Collaboration
Based on configurable logic, the system automatically assigns each exception payment to an analyst’s work queue.
The system also exchanges information seamlessly with the other Autonomous Receivables Modules of HighRadius to enable smoother processing.
AI-Based Customer Profile Updates for Quick Customer Insights
Based on past payment behavior, the system auto-maintains Customer Profile data such as MICR, Parent-Child Hierarchy, etc.
When a customer acquires another customer and starts paying invoices together, the system proactively identifies the case and recommend creating parent-child relationship
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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