Cash Application Cloud

AI-Based Cash Application Software

Enable 95% straight-through, same day cash application and 100% savings in lockbox data capture fees with HighRadius Cash Application Solutions.

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HighRadius AI-Powered Cash Application Cloud

How to Automate Your Cash Application Process

Straight-Through Cash Posting and
Automated Deduction Coding
Automated Remittance Aggregation
from Checks, Emails, Portals
Improved Analyst Productivity
with Faster Exception Handling

95% Straight-Through Cash Posting and Automated Deduction Coding

  • Leverage AI to apply cash accurately even with an incomplete or inaccurate invoice number
  • Auto-match invoices to payments in complex business scenarios such as parent-child relationships, pre-payments
  • Automate deduction coding by automating cash application

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How Church & Dwight Achieved
90%+ Hit Rate with Automated Cash Application

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Automated invoice matching and deduction coding

100% Automated Remittance Aggregation from Checks, Emails, Portals

  • Eliminate 100% lockbox key-in fees by applying AI-based, multi-OCR engine to accurately capture check remittance
  • Auto-extract remittances from the email body and attachments across all file formats and languages with automated remittance software
  • Deploy web bots to auto-aggregate remittance data securely from customer web portals

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Automated capture of remittance data

Improved Analyst Productivity with Faster Exception Handling

  • Predict invoices as missing remittances with HighRadius AI-based cash application technology
  • Capture AI-based recommendations on alternate payers, payer names, bank information for customer master maintenance
  • Enhance check image quality by removing noise with AI and ML capabilities

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AI-based exception handling

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Resolve Exceptions Faster with AI-Based Cash Application Tool

Automatically predict missing remittances

Handle no-remittance scenarios with automated cash application tool. Leverage AI to predict invoices as potential remittances.

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Save time with collector and customer-submitted remittances

Allow collectors to add remittances seamlessly through Collections Cloud or let your buyers quickly submit remittances through a portal  

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Capture AI-based recommendations for customer master data maintenance

Reduce the manual effort required for regular customer master data maintenance through AI-based recommendations on alternate payers, payer name, bank details

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Resolve check remittance-based exceptions faster with AI

Enhance check image quality by removing any possible noise. Accurately suggest reference numbers to resolve exceptions faster.

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Success Stories

Key Product Features

Automated Remittance
Data Capture

Auto-Identification and Submission of Remittances in No-Remittance Scenarios

Automated Invoice Matching

Automated Deductions and Discounts Coding

Remote Cash Posting with RDC and Mobile Payments

AI & ML-Based Exception Handling

  • Leverage AI-based, multi-engine online remittance software to capture accurate, noise-free check remittance information. 
  • Auto-capture remittances across email body, attachments. Auto-identify customers through email domain. 
  • Deploy web bots to extract remittances through tokenized login credentials
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  • Leverage AI to predict invoices as potential remittances. Automatically link predicted remittances to payments based on a pre-configured threshold.
  • Enable your customers to submit remittances via collectors or through online portals.
  • Seamlessly integrate with Collections Cloud to leverage promise to pays as potential remittances.
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  • In absence of an invoice number, auto-match invoices using sales order number, purchase order number, partial or truncated reference numbers.
  • Auto-match payments to invoices even in the most complex scenarios including parent-child relationships with cash application process automation.
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  • Automatically map customer reason codes with internal ERP-specific reason codes.
  • Validate whether earned and unearned discounts taken by customers based on payment terms or trade promotions.
  • Automatically split a combined short-payment into
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  • Seamlessly integrate with renowned RDC scanners to eliminate lockbox charges.
  • Enable same-day cash posting with automated cash systems.
  • Enable field agents to collect check payments/ remittance with mobile devices. Apply cash the same day by automating A/R cash app. 
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  • Let your analysts resolve exceptions faster with automation of cash application.
  • Remove noise from check images and predict line-item level data from images to suggest reference numbers and resolve exceptions faster.
  • Reduce manual customer master maintenance through AI-based recommendations on alternate payers, payer aliases, bank account information.
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