Billtrust's Cash Application is an intelligent software solution designed to revolutionize accounts receivable processes. It leverages AI and machine learning to automate the matching of incoming payments with outstanding invoices, significantly improving efficiency and accuracy in cash application tasks.

Key Features

AI-Powered Automated Matching Utilizes advanced AI to automate payment matching to open invoices

• Handles complex scenarios with ease
• Uses confidence-based machine learning

Comprehensive Electronic Payment Acceptance Efficiently processes various electronic payment methods

• Handles ACH, credit cards, and wire transfers
• Expands payment capabilities

Intelligent Exception Handling Automatically identifies and categorizes exceptions for quick resolution

• Minimizes manual review
• Enables faster reconciliation

User-Friendly Customer Payment Portal Offers a self-service portal for customers to manage their accounts

• Allows viewing invoices and making payments
• Provides easy account management

Benefits

Improved Efficiency Automates time-consuming manual processes

• Reduces hands-on AR processing tasks
• Increases match rates between invoices and remittances

Enhanced Financial Accuracy Reduces errors associated with manual data entry

• Ensures correct application of payments to accounts and invoices
• Improves financial records and reporting accuracy

Faster Cash Flow Accelerates the cash application process

• Reduces time for cash to hit bank accounts
• Improves overall cash flow management