Reduce human error in electronic payments
Accelerate cash application by seamlessly reconciling incoming payments. Utilising Quadient AR cash application software automates the matching of payments to outstanding invoices, expediting the process. Automated cash application software swiftly identifies and applies payments to respective invoices with precision, reducing manual intervention. This streamlines reconciliation, minimising errors and delays inherent in manual processes. By automating your cash application process, your business can swiftly update their financial records and improve cash flow visibility. Ultimately, this efficiency enables your organisation to allocate resources more effectively and focus on strategic initiatives, driving growth and profitability.
Let AI Automate Cash Application
Use AI-powered optical character recognition technology to extract important invoice information from email attachments without any manual intervention. Machine learning will then match and allocate cash to your ERP – whether remittance data is included or not.
Reduce time spent searching for open invoices
Where a payment has been received but the customer hasn’t been identified, machine learning will analyse data to provide a suggested customer which collectors can review for accurate cash matching.
Eliminate manual work
If a customer has been identified but no or limited remittance data is available, the team can select invoices, credit and approve. Remaining balances can have reviews set up and be pushed to the ERP.
Streamline your entire accounts receivable
Combine cash application with a fully integrated accounts receivable automation software to improve efficiencies across your entire AR. Make cash app and AR easier with:
- Automated online payments
- Customisable collection workflows
- Seamless ERP integrations
Boost business growth, improve financial health and customer satisfaction with automation
Reform your cash application process, optimising cash flow and reducing days sales outstanding. Implementing AR automation minimises manual effort by seamlessly processing payments, enhancing accuracy and efficiency. By utilising advanced payment processing tools, your business can swiftly reconcile transactions, reducing errors and delays. This streamlined approach accelerates cash application, ensuring timely updates to financial records. Moreover, automation provides real-time visibility into cash flow, empowering proactive decision-making. With Accounts Receivable automation, your organisation can mitigate risks associated with manual processes, unlock operational efficiencies, and improve overall financial performance, paving the way for sustained success.
Featured resources
Data Optimisation Calling Campaign
Whether you have a few billing contacts that are proving impossible to track down, or your entire contact database requires an overhaul, the Quadient Digital Optimisation Program is ready to support your goals!
