Integrated Receivables Cloud Platform

RDC and Mobile Payments

Make check payments directly from office or field agents via RDC scanner or mobile app

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RDC and Mobile Payments solutions diagram

NO LOCKBOX? USE RDC

Benefits

  • Straight-through cash posting with a hit-rate of 95%

    Capture check payments and remittance accurately with the Artificial Intelligence-enabled aggregation engine and post them directly to the ERP same day it's received

  • High feasibility for SMBs due to low costs

    Achieve high cost savings by eliminating costs associated with lockbox services, transportation, and manual handling

  • Seamless integration and compatibility across RDC scanners

    Use with any renowned RDC scanners available in the market, including the one on your desk

  • Increased e-payment adoption with mobile payments

    Enable your field agents to go to their customers and collect checks, ACH, and card payments with their mobile devices, processing payments in real-time.

How to get started

1. Scan checks and remittances in one go as well as processing ACH and
card payments

Scan up to 100 checks and remittance in one batch with the help of an RDC scanner. Your field agents can use the Mobile Payments app to accepts checks, ACH and card payments at the time of order delivery

2. Capture data from scanned images

Capture data with high accuracy and precision with inbuilt Magnetic strip based MICR capture and AI-enabled OCR engine.

3. Post payments directly to the bank

With the scanned data, create an enriched electronic file consisting of the payment details for remote transmission to banks as well as for internal cash application.

4. Match payments with open invoices

Link the electronic index file of the payments with the scanned remittance information and then match it with open A/R invoice details pulled from the supplier’s ERP system

5. Post cash directly to your ERP

Generate enriched files in formats that are compatible with any ERP including SAP, Oracle, MS Dynamics, Infor, Sage and other legacy systems and post cash directly to the system, eliminating time and productivity loss in manually changing file formats.

This is Why A/R Teams Love Us

HighRadius Customer: Johnsonville Sausage
Speed : The cash application team at Johnsonville Sausage reduced the time spent in cash posting from 40 hours to 17 hours with 80% of the dollars applied without any manual intervention.
Productivity : 80%+ Cash Processing Rate 90 days implementation

There's no time like the present

Get a Live Demo of Cash Application Cloud for Your Business

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Resources

EBOOK

5 Cash Application Technologies Every A/R Manager Should Know
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CALCULATOR

Calculate your ROI from Cash Application Automation
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DATASHEET

Datasheet: Cash Application Cloud
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