From Payment Received to Invoice Cleared, Automatically
Cash application is one of the most labor-intensive processes in B2B AR. The Cash Application Agent eliminates manual matching, manual data entry from remittance documents, and manual bank reconciliation, leaving your team to handle only the exceptions that genuinely require human review.
Capture Payment and Remittance Data
The agent monitors your payment email inbox, connects directly to your bank for real-time transaction retrieval, and accepts remittance files in any format: PDF, Excel, EDI, or portal submission. OCR extracts data from check images and remittance advice documents with 95% or better accuracy, eliminating manual entry entirely.
Match Payments to Invoices
The AI matching engine applies payments to the correct invoices using invoice numbers, amounts, dates, customer payment history, and known deduction patterns. Standard matches process in under 30 seconds. The agent handles short payments, partial payments, and multi-invoice payments automatically based on your configured matching rules.
Post to ERP and Handle Exceptions
Matched payments post directly to your ERP or accounting system with a complete audit trail. Unmatched payments, short payments, and overpayments route to a structured exception queue where your team sees the payment context and suggested resolution, cutting exception handling time from 15 to 25 minutes down to 2 to 5 minutes.
