Cash Application Automation
Automate 95% of cash application with our accounts receivable software. Reduce DSO by 5 days.
Streamline the cash application process. Significantly reduce DSO. Remittances will be auto-matched against open invoices and bank statements. Automate your general ledger postings for miscellaneous banking charges or transfers. Automate your deductions in your ERP system with auto-coding based upon configurable rules. Eliminate bank lockbox key stroke charges and make checks and remittance images available to users. Trusted accounts receivable software. A seamless integration between banks and ERP’s!
- Cashbook reads Customer Master, AR Invoices, Exchange rates & Calendar and imports these data files from ERP into Cashbook application via Cashbook Portals.
- Banking data from any bank statement, lockbox, EDI823 file or Credit card is saved by the client to a location on their network. Cashbook using imports this data and runs specified and flexible algorithms.
- Remittances often arrive via Email as HTML, Excel, EDI or PDF attachments. Cashbook reads your inbound remittances and digitizes the data and runs flexible algorithms and then links this data with your bank statements.
- Cashbook auto-matches, We aim for 90% automation of data saving your users hours of frustrating work. Users update non-matches and post a perfect batch to the ERP.
- The most challenging process is updating the invoices in the ERP system as paid. We may have to also create deductions, on accounts or short payment general ledger write-offs.
About
The Cashbook cash app automation module streamlines the full accounts receivable process. This includes the automation of bank statements, lockboxes, customer remittances, customer portals, deductions, and email remittances. Remittance transactions are auto-matched against all your open invoices and the cash on your bank statements. Cashbook has a fully automated transaction process that subsequently updates your general ledger. Achieve a significant improvement in your overall cash visibility, with one of the leading cash application software companies on the market today.
- Cashbook’s automated cash application software achieves exceptionally high levels of invoice automation.
- Our solution completely eliminates expensive bank lockbox keystroke charges.
- By using our cash application software, you will achieve a significant reduction in your days sales outstanding (DSO) figure.
- Our highly useful cash application tools automate the customer portal and deductions processes, saving you countless hours and thousands of lost revenues.
Features
A Global Solution
Multi-bank, multi-ERP, and multi-industry
Cashbook’s accounts receivable software is used in various industries all over the world. We have integrated our software with multiple banking formats and numerous ERP systems. The huge experience that we bring, means you will have a quick and seamless integration with our software. Most financial problems you may have, will most likely have been solved and automated by us previously.
Intelligence & Automation
An unprecedented level of flexibility, intelligence and automation
Our accounts receivable software streamlines the full accounts receivable process. Cashbook has over twenty years supplying cash application software around the world. Our software is flexible enough to automate multiple remittance file types including: Excel files, EDI files, Credit Card files, PDF’s, Web portal files, Image-based files, Text information in the body of the email, and emails with attachments. Our intelligent and powerful matching algorithms will help you achieve industry-leading levels of automation.
Improved Financial Control
Full, real time visibility and a complete audit trail
Automated cash application software brings huge benefits to an organization. It enhances cash visibility, cash position and leads to improvements in company cash flows. Keeping you ahead of the curve and contributing to the projected growth of the company. Having everything processed on Cashbook means a full audit trail, all stored safe and secure. There are date & time stamps displayed for each step, and the identity of each user who took the actions. Bringing you peace of mind when it’s time for the company audit.
