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Increased intelligence and automation

Eliminate paper based methods, reduce banking fees, increase accuracy and image storage

Let technology do the work!

Eliminates the read and key process delivering lower transaction cost and more accurate data capture.

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cash application automation

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CASE STUDY

How to reduce cash application
time by >50%.

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Datasheet

Achieve up to 98%
of cash application processes.

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Features of OCR Lockbox Module

Integration

Highly intelligent, seamless integration with all major banking providers

With Cashbook’s OCR Lockbox Import module, we scan the check and remittance images and link this data with the BAI2 file of the bank, or create our own data file using our Partner Abbyy’s OCR technology engine. We create image recognition by customer and store these image patterns against customers. When we do this our system learns over time how to handle each type of remittance received.

Functionality & Automation

Functionality and OCR automation to reduce manual labour, reduce costs and speed processing

Mass validation of numerical values and letters greatly reduces manual labour and increases process speed. Separation of payments and remittances can be handled and automatically linked together.  Capability to add Email OCR extraction.  Email’s are delivered to a specific email address and data is read and extracted into Cashbook AR remittances.

Financial Control

Reduce costs and margin for error

The Cashbook automated process helps to reduce or eliminate banking key costs. Users can use OCR Lockbox for storing check images and remittances for as long as they need. Easily create specific templates and generic templates. Confidence percentages on data validation ensure mass review of OCR extracts before importing to Cashbook.

SUCCESS STORY
Exide Technologies

A streamlined, automated solution for a demanding lockbox process

READ THE SUCCESS STORY
CONTACT

Whatever your ERP we’ll fire up its Cash Management engine.
Enjoy an incredible level of automation, functionality and control.

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Bridgestone
Sulzer
Nice Pak
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