Integrated Receivables Cloud Platform

Credit Risk Decisioning Software

  • 95% Zero-Touch Cash Posting for Checks, ACH, Cards
  • Eliminate 100% of Lockbox Key-In Fees
  • AI-Enabled Automated Data Capture

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Credit Risk Decisioning Software solutions diagram

Credit Risk Decisioning Software Solutions

HighRadius Cash Application Cloud enables the end-to-end automation of the payment reconciliation process that covers remittance aggregation from different sources/formats, payment linking, invoice matching, deduction coding, and posting it to all major ERP software like SAP and Oracle.

With HighRadius’ automation software for payment reconciliation you could:

  • Eliminate Human Errors by automating data capture and invoice-payment linking
  • Reduce Costs by eliminating lockbox key-in fees
  • Increase focus on critical tasks like Credit & Collections by freeing up time.
  • Seamlessly integrate with modern and legacy ERPs with our ERP agnostic solution

Key Features

Invoice Matching

Automatically match payments to open invoices including complex scenarios such as complex parent-child relationships, pre-payments, installments, and matching by non-invoice reference numbers.

RDC and Mobile Payments

Automatically post cash for checks payments through RDC 2.0 machines or mobile payment applications.

Email Remittance Capture

Ensure accurate data capture across all remittance file formats and languages by pulling remittance details from emails and email attachments using AI-enabled technology.

Discounts and Deductions Handling

Identify deductions at the source based on short-payments or over-payments and assign ERP-specific reason codes based on customer preferences.

Check Remittance Capture

Auto capture remittance from check stubs with template-agnostic technology.

Web Remittance Capture

Capture remittance information with the help of Robotic Process Automation. Web robots, login, navigate and capture remittance information from customer portals and popular Accounts Payable networks.

The Future of Cash Application Cloud is here

Real-time visibility into payment processing automation levels

Gain end-to-end process visibility with out-of-the-box reports and dashboards to track team productivity and key cash application metrics including hit-rate, exceptions, and deductions. Receivables Analytics offers intuitive data visualization that helps you drill down into individual reports to identify bottlenecks or issues in the cash application process.

Eliminate 80% of repetitive manual exception handling

Boost straight through cash posting with the help of the Rivana artificial intelligence engine that uses self-learning algorithms to study analyst exception-resolution patterns and automate exception handling.

Automate processing of payments with missing or incomplete remittance

Trigger automated email correspondence to customers who do not provide remittance information for unapplied payments over the radiusOneTM network portal. Leverage captured information for straight-through cash application.

What our customers say

Being Future Ready by Automating 87% Payments Across Borders
Reduction in Days Deductions Outstanding for Complex CPG Receivables Process
Unwrapping the benefits of AI in O2C

Carolyn Etress

Director of Accounts Receivable
EBSCO
HighRadius Cash Application Cloud goes beyond what banks and traditional ERP programs do to support faster payments processing.

Mike Pettyjohn

Head of Accounts Receivable, Finance Business Services
Danone
The HighRadius team is excellent and I am excited about our ongoing partnership using the Integrated Receivables platform.

Jason Herrington

Director of A/P & A/R
EmployBridge
HighRadius technology is evolved and not antiquated like other industry competitors.

There's no time like the present

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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
Find Out your Savings

DATASHEET

Datasheet: Cash Application Cloud
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Related Pages

Order to Cash Automation Software

HighRadius' AI and Machine Learning powered Order-to-Cash software streamlines and automates key
O2C processes including credit, collections, invoicing, cash application and deductions.

Accounts Receivable Automation Software

Accounts Receivable Management Software streamlines your A/R processes with & automates your credit, collections, and payment processing.