This AI-powered cash application software automates the complex process of matching payments to invoices and remittances. It leverages proven ML matching algorithms to achieve over 95% straight-through cash posting directly into major ERP systems. The software captures and interprets remittance advice and bank statements across all formats, including Excel, PDFs, and emails, identifying reasons for short payments. It also auto-extracts payments from various bank statement formats like BAI2, MT940, and CAMT. Key capabilities include automated three-way matching, seamless deduction management with built-in workflows, and intelligent exception-driven reporting and analytics. This solution aims to alleviate treasury teams from traditional manual practices, allowing them to focus on strategic planning and business growth, significantly improving cash flow and reducing Day Sales Outstanding (DSO).

Features & Benefits

• AI-Powered Matching: Automates three-way matching with an AI-driven auto-match engine for high accuracy.
• Universal Data Capture: Auto-reads and interprets remittance advice and bank statements across ALL formats (Excel, PDFs, emails, BAI2, MT940, CAMT).
• Straight-Through Posting: Facilitates seamless cash posting across ALL major ERPs, reducing manual intervention.
• Deduction Management: Enables efficient handling of deductions with in-built workflows.
• Intelligent Reporting: Provides exception-driven reporting and analytics for better insights and control.