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!
The Cashbook cash application 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 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.
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.
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.
We use their product to upload bank Lockbox images and once the customer/bank account relationship is initialized, Cashbook automatically identifies the customer going forward. We then go through a process of creating templates of the check remittance for each customer, which allows Cashbook to extract invoice data by way of their OCR functionality for auto-matching to our open invoices. Overall, Cashbook has listened to our needs and significantly improved the efficiency of our Cash Application processes.