Cash Application Management

AI-Based Check Remittance Capture

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

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Key Features

AI-based E-Mail Remittance Capture

Character-level Capture via Three OCR Engines

Proprietary voting algorithm to pick each character read by three OCR engines.

AI-based E-Mail Remittance Capture

Data-cleansing Algorithms

Algorithms to cleanse character-level information into a tabular structure of rows and columns.

AI-based E-Mail Remittance Capture

Data Clustering Algorithms

Classification and grouping of data to identify remittance information such as payment amounts, invoice references, reason codes, & discounts.

AI-based E-Mail Remittance Capture

AI-based Extraction from Unstructured Data

NLP and pattern recognition algorithms identify remittance information from unstructured data, such as bodies of emails.

400+ Enterprise Customers

Enterprise Customers

600+ Mid-Market Customers

Enterprise Customers
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Frequently Asked Questions

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.