Cash Reconciliation Cloud
Take your AR to the next level.
The Cash Reconciliation Cloud allows suppliers to link multiple payment types — from varied payment channels, with payment remittance details from diverse sources — and apply the cash to open receivables in their ERP system.
Cash Reconciliation Cloud enables automated cash reconciliation across diverse payment and remittance sources and formats including emails and web portals, with automated invoice matching and short-payment identification. With automated data capture for remittances, auto-linking of payments with remittances and invoicing matching, standardize your cash application process while minimizing manual intervention and errors. Free up analyst’s time to focus on high-value critical tasks such as credit and collections.
Get more value out of your AR.
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Eliminate manual work involved in remittance aggregation
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Maximize team productivity with centralized access to data
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Reduce days sales outstanding (DSO)
Features
- Remittance capture – Capture remittance details directly from emails and attachments, check stubs, customer portals and popular accounts payable (AP) networks.
- Invoice matching – Apply cash the same day the funds hit your bank.
- Deduction coding – Auto-create deductions and capture deduction information.
- Reporting and analytics – Track critical receivables trends.
How it Works
Each day your ERP system shares customer AR information with our industry-leading Cash Reconciliation Cloud solution. The Cash Reconciliation Cloud then aggregates data from payment and remittance sources. This data can then be leveraged in the Cash Reconciliation Cloud to complete three-way matches of the payment, remittance and open AR, then submit an enriched posting file to your ERP system for reconciliation.
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