Cash Application Cloud

Cash Application Cloud

Enable 95% straight-through cash posting and 100% savings in lockbox data capture fees

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HighRadius AI-Powered Cash Application Cloud

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
  • Automatically code deductions for short payments

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Learn How Church and Dwight Achieved
90%+ Hit Rate for E-Payments & Checks

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Automated invoice matching and deduction coding

100% Automated Remittance Aggregation from Checks,
Emails, Portals

  • Apply AI-based multi-OCR engine to accurately capture check remittance and eliminate 100% lockbox key-in fees
  • Auto-extract remittances from the email body and attachments across all file formats and languages
  • 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

  • Handle no remittance scenarios by leveraging AI to predict invoices as missing remittances 
  • 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

Automatically predict missing remittances

Leverage AI to predict invoices as potential remittances. Automatically link predicted remittances to payments based on a pre-configured threshold by the analysts

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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

RDC and Mobile Payments

AI and ML-Based Recommendations in Exception Handling

  • Eliminate lockbox data capture fees through AI-based multi-OCR engine 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 the 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, pre-payments, installments
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  • Auto-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 different child reason codes or consolidate similar short-payments into a single parent reason code
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  • Let AI capture check payments and remittances for same-day cash posting 
  • Seamlessly integrate with all renowned RDC scanners on the market to eliminate lockbox charges
  • Enable field agents to collect check payments or remittance information with the help of mobile devices 
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  • Remove all noise from check images and predict line-item level data from images to suggest reference numbers and resolve exceptions faster
  • Reduce manual routine master maintenance through AI-based recommendations on alternate payers, payer aliases, bank account information
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