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Cash Application Software

AI-based data capture and matching algorithms to achieve 80%+ automation rate for same-day cash application.

Eliminate bank key in fees for checks by 100%. Increase cash app analyst efficiency by 30%.

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AI-Based Deduction Management Software_highradius-product

Cash Application Software Modules

AI-based E-Mail Remittance Capture

AI-Based Email Remittance Capture

Automate 95%+ of Email Capture. Capture remittance info from email bodies. More

AI-based E-Mail Remittance Capture

AI-Based Check Remittance Capture

Eliminate Bank Key In Fees. Capture remittances from checks to drive 80%+ automation. More

AI-based E-Mail Remittance Capture

Remittance Portal Automation

Automate Remittance Capture from Portals. Out-of-the-box RPA for 100+ portals. More

AI-based E-Mail Remittance Capture

Deduction Auto-Coding

Reduced Revenue Leakage. Pre-built algorithms for auto-coding deductions & discounts. More

AI-based E-Mail Remittance Capture

Bank Connectivity Manager

Library of Bank Integrations. Out-of-the-box integrations with 75+ banks globally. More

AI-based E-Mail Remittance Capture

AI-Guided Exception Management

2X Exception Productivity. Auto-suggest remittances & request remittances via email. More

Additional Modules for Cash Application Automation | Unbundled Payment-Remittance Processing

PRODUCT

Key Modules

  • AI Email Remittance Capture
  • AI Check Remittance Capture
  • Automated Portal Remittance Capture
  • AI-Guided Exception Management

VALUE

Improve Operational KPIs

  • 90%+ Cash Automation Rate
  • 40% Higher Exception Volume Handling

Deliver Business Outcomes

  • Eliminate Bank Key-in Fees for Check Lockbox Processing
  • Increase Productivity by 40%

Key Modules

  • AI Email Remittance Capture
  • AI Check Remittance Capture
  • Automated Portal Remittance Capture
  • AI-Guided Exception Management

Improve Operational KPIs

  • 90%+ Cash Automation Rate
  • 40% Higher Exception Volume Handling

Deliver Business Outcomes

  • Eliminate Bank Key-in Fees for Check Lockbox Processing
  • Increase Productivity by 40%

400+ Enterprise Customers

Enterprise Customers

600+ Mid-Market Customers

Enterprise Customers

Be our next success story

daone

95% Automation Rate
Achieved within 90 days of implementation. Read More

daone

95% Hit Rate
Increased employee productivity by 75%. Read More

daone

94% of Payments Auto-Cleared Across 50 Countries
100% of deductions auto-coded. Read More

HighRadius Cash Application Solution Overview

Collections Flow Diagram

FAQs: AI-Powered Cash Application Automation Software Systems

Does the cash application software integrate with ERP and other systems?

HighRadius' industry-defining Speed to Value methodology ensures faster time to implementation and quicker ROI (in 3 to 6 months) through a combination of out-of-the-box functionalities, agile implementation methodologies, and a focus on the outcome metrics.

Does HighRadius cash application software integrate with banks?

As a part of our partner programs, we collaborate with various banks and financial institutions to automatically capture payment information from all the industry-standard bank payment files and formats.

How much time does it take to implement HighRadius Cash Application Cloud software?

HighRadius' industry-defining Speed to Value methodology ensures faster time to implementation and quicker ROI (in 3 to 6 months) through a combination of out-of-the-box functionalities, agile implementation methodologies, and a focus on the outcome metrics.

What are the benefits of automated cash applications?

Our automated cash application software helps you achieve faster and more accurate cash posting, save 100% lockbox key-in fees, and eliminate the hassle of manually collecting remittance data.

What are the major challenges in the cash application process?

Manual remittance data capture from various formats and sources, paying lockbox fees for checks, coding ERP codes to disputes, and missing remittance scenarios are the major challenges, to name a few.

What is the pricing for your cash application software?

Typically, our pricing has two components: the one-time setup fees and a monthly recurring subscription fee. You can get on a call with us and get customized pricing according to your business needs.

How does the software handle data security and privacy?

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 practices.

How many banks does your system currently support?

Bank of America, JP Morgan, CITI, Scotia, Wells Fargo, etc., to name a few. We have integration with a lot of banks.