Cash Alloca on CloudCash Alloca on Cloud HighRadius Cash Alloca on Cloud is the most comprehensive...
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Cash Alloca�on Cloud HighRadius Cash Alloca�on Cloud is the most comprehensive solu�on available for automa�ng cash alloca�on across all payment and remi�ance formats. Driven by customer- specific business rules, automated on-invoice hit rates of 98 %+ are typical with the solu�on. A cloud-based solu�on available as so�ware-as-a-service, Cash Alloca�on Cloud is easy and cost-effec�ve to deploy and maintain. Challenge The Cash Alloca�on process is highly manual, �me-consuming, costly, and error-prone. Companies receive many forms of payment (cheques, wire transfer, etc) across mul�ple banks. Customers provide inconsistent remi�ance detail in a variety of formats (paper, EDI, email a�achments, Online portals). In certain cases, remi�ance line items refer to alterna�ve reference numbers that are not on the original invoice. Most ERP system or cash alloca�on programmes require a clean, standardised remi�ance file to auto-apply cash. On top of this inefficiency, the cost of paying the bank to key in data from paper remi�ances can be very high and only par�ally address the problem. Audit and compliance issues arise when a company is si�ng on unapplied or improperly applied cash, making accuracy and efficiency all the more cri�cal. Solu�on HighRadius Cash Alloca�on Cloud enables end-to-end automa�on of the cash alloca�on process. Other solu�ons address single parts of the process but do not provide a comprehensive approach. Our solu�on is holis�c and does not require complex and costly on-premise installa�on or capital expenditure. A powerful rules engine matches pa�erns and cleanses data. A unique data aggrega- �on engine parses email a�achments and web portals, elimina�ng manual capture of remi�ance data and deduc�on backup. Easy integra�on with any ERP system maintains user interac�on with standard ERP cash pos�ng. The result is dras�cally reduced opera�ng costs, near-perfect on-invoice hit rates, and be�er audit compliance. HighRadius provides the most comprehensive soluon available for automang cash allocaon and has the vision and flexibility to keep up with remiance trends. www.highradius.com Receivables Cloud
Cash Alloca on CloudCash Alloca on Cloud HighRadius Cash Alloca on Cloud is the most comprehensive solu on available for automa ng cash alloca on across all payment and remi ance formats
HighRadius Cash Alloca�on Cloud is the most comprehensive
solu�on available for automa�ng cash alloca�on across all payment
and remi�ance formats. Driven by customer- specific business rules,
automated on-invoice hit rates of 98 %+ are typical with the
solu�on. A cloud-based solu�on available as so�ware-as-a-service,
Cash Alloca�on Cloud is easy and cost-effec�ve to deploy and
maintain.
Challenge
The Cash Alloca�on process is highly manual, �me-consuming,
costly, and error-prone. Companies receive many forms of payment
(cheques, wire transfer, etc) across mul�ple banks. Customers
provide inconsistent remi�ance detail in a variety of formats
(paper, EDI, email a�achments, Online portals). In certain cases,
remi�ance line items refer to alterna�ve reference numbers that are
not on the original invoice. Most ERP system or cash alloca�on
programmes require a clean, standardised remi�ance file to
auto-apply cash. On top of this inefficiency, the cost of paying
the bank to key in data from paper remi�ances can be very high and
only par�ally address the problem. Audit and compliance issues
arise when a company is si�ng on unapplied or improperly applied
cash, making accuracy and efficiency all the more cri�cal.
Solu�on
HighRadius Cash Alloca�on Cloud enables end-to-end automa�on of
the cash alloca�on process. Other solu�ons address single parts of
the process but do not provide a comprehensive approach. Our
solu�on is holis�c and does not require complex and costly
on-premise installa�on or capital expenditure. A powerful rules
engine matches pa�erns and cleanses data. A unique data aggrega-�on
engine parses email a�achments and web portals, elimina�ng manual
capture of remi�ance data and deduc�on backup. Easy integra�on with
any ERP system maintains user interac�on with standard ERP cash
pos�ng. The result is dras�cally reduced opera�ng costs,
near-perfect on-invoice hit rates, and be�er audit compliance.
HighRadius provides the most comprehensive solution available
for automating cash allocation and has the vision and flexibility
to keep up with remittance trends.
www.highradius.com
Receivables Cloud
Cash Alloca�on Cloud
HighRadius UK Limited3 More London Riverside,London, SE1 2RE+44
(0) 203 286 [email protected]
Key Features-Customer specific rules match pa�erns and transform
data for invoice matching, deduc�on coding, and cash discount
analysis.-Syndica�on engine publishes a format specific to a
par�cular ERP system so standard ERP cash pos�ng can be
leveraged.-Op�cal Character Recogni�on (OCR) engine captures data
from check remi�ances.-Data Aggrega�on Engine performs:--EDI
Aggrega�on for EDI 823, EDI 820, 812, bank BAI or BAI2
formats.--Web Aggrega�on that collects informa�on from
websites.--Email Aggrega�on that parses emails anda�achments to
process remi�ance informa�on.
Benefits- Achieve a 95 % + auto on-invoice hit rate.
-Auto-create deduc�ons and capture deduc�on informa�on such as
claim number, reason-code, etc.
-Apply cash the same day the funds hit your bank.
-Free up 80 % or more of your cash alloca�onanalyst’s �me and
minimise keying-in errors.
-Low footprint implementa�on with your ERP systemrequiring no
on-premise hardware or customisa�on.
