Key Takeaways:
1. Automating core transaction management for analysts to perform high-value tasks
2. Same day cash application even in cases of high invoice volumes
3. Future-ready solution supporting changing payment and remittance scenario
4. Elimination of 100% of Lockbox Key-In Fees
Abstract:
A major priority of any receivables team is successfully reconciling received payments with open receivables. Unless the customer invoice is closed, all the efforts directed towards credit, collections, and deductions are in vain. As essential it is, the potential of automating cash application is very high. In this situation of high market volatility, more focus is required on the high-value credit and collections operations in order to ensure steady cash flow. This can be possible if manual and low-value tasks are automated.
Join this session where Bill Sarda, Manager of Solution Engineering for Strategic Accounts quickly walks you through the highly configurable Cash Application Cloud that enables the end-to-end automation of the cash application process that covers remittance aggregation from different sources/formats, payment linking, invoice matching, deduction coding, and ERP posting.