Emagia AI-powered Cash Application is a next-generation cloud-based platform, seamlessly integrated with leading banks, lockboxes, ERP systems, email inboxes, and customer AP portals. This comprehensive solution includes Gia, AI copilot pretrained for cash application function and revolutionizes the way global organizations manage their cash flow, with exponential efficiency in financial operations.
Add AI-powered Cash Application to Your ERP Systems
Experience the Emagia Advantage
Emagia AI-powered Cash Application streamlines your cash application process, dramatically reducing manual data capture and auto-matching efforts by over 95% and accelerating cash posting to your ERP system.
Leveraging AI, automation, and analytics, it connects to banks for daily payment data, aggregates remittances from diverse sources, and automatically matches payments to invoices while efficiently handling deductions for quick reconciliation and dispute resolution. This process not only speeds up cash posting but also ensures high accuracy while reducing revenue leakages on deductions. Gia, AI copilot for cash application greatly enhances the customer experience while increasing the process efficiency.
Cash Application Solution Highlights
Single Cash Application Platform for Multiple ERPs
ERP systems differ. Emagia’s Digital Cash Application is capable of managing those differences across ERPs with AI.
Cognitive Remittance and Lockbox Data Capture
Automate data capture from cheque images, lockbox files, email remittance PDFs and bank statements in multiple languages.
Seamless Banking Integrations
Pre-built integration with over 170+ global and local banks, Open Banking APIs, BAI2, MT940, CAMT.053, EDI data formats.
Remittance Auto-aggregation and Deductions Auto-coding
Data gathering of remittances from multiple customer AP portals and POD/BOL information from logistics provider portals, auto-coding of deductions.
AI-driven Auto-match Engine
Auto-match invoice-to-receipts and posting automation using AI/ML and hundreds of pre-built rules.
Digital Assistant Gia for Cash Application
Automated digitally assisted voice, chat and email correspondence to customers to collect remittance information.
Digital World-class Leaders Use Emagia Cash Application Automation
Banks
rates
Digital Cash Application Cloud
for Global Businesses
Global businesses face several challenges in cash application, including managing high volumes of transactions across various currencies and banking systems, reconciling payments from multiple channels with diverse remittance information and with many deductions codes. The manual effort required to gather remittance information, match payments to invoices accurately is substantial, increasing the risk of errors and delays. These challenges can lead to inefficiencies, affect cash flow visibility, and ultimately impact a company’s financial health and operational efficiency.
Emagia transforms financial management by significantly improving global financial efficiency, reducing operational costs, and increasing accuracy. It also minimizes revenue losses and enhances compliance efforts, establishing a new standard for financial management excellence.
Gain Exponential Advantage in Cash Application
High Match Rates
Achieve industry-leading intelligent auto match rates of 95% and above
Touchless Data Capture
Auto capture global payments, remittances and lockbox data touchless by over 97%
Intelligent Exception Handling
Resolve exceptions and disputes with smart suggestions
Predictive Matches
Emagia’s ML & AI predictive matching minimizes cash applicator time, efficiently handling unidentified receipts
Multi-ERP, Multi-Language, Multi-Lockbox, Multi-Currency Support
Support invoices across multiple ERPs, multiple languages, multiple currencies and lockboxes
Reduce Overhead
Reduce the efforts associated with manual cash application process and free up staff for more strategic tasks
Improve Cash Flow Forecasting
Gain necessary intelligence to create short-term and long-term cash flow strategies
Learn How Global Enterprises
Can Transform Order-to-Cash Operations with Emagia
Credit Risk Management
Automates the credit management process with digital applications & approvals, helps onboard customers faster.
Receivables
Provides a single view across multiple business entities including AR amounts, DSO, credit utilization, disputes and payment behavior.
Collections
Provides the necessary tools and actionable insights collectors need to maximize their cash conversion efficiency.
Deductions
Streamlines and automates dispute resolution processes globally across the entire organization by setting up reason codes and workflows.
Customer EIPP Portal
Empowers customers with 24×7 access to their invoices & statements, sends alerts on upcoming payments, and helps resolve disputes sooner.
Gia Docs: Intelligent Document Processing
Reads finance documents and extracts information using intelligent document processing service.
Lead From The Future. The Future is with AI.
Want to Learn More About AI-powered Order-to-Cash Automation with Emagia?
Related Resources
Emagia Cash Application
Digital Order-to-Cash: A Roadmap to Cash Application Automation (Happy Customers, Happy Shareholders)
Driving Exponential Efficiency in Cash Application with AI
Enterprise Digital Assistants: How they can support you in your Credit, Collections and Cash Application Operations
A Step-by-Step Guide to Achieving Digital World Class Efficiency in Cash Application Using AI
Reducing Complexity of Cash Application in Europe with AI
Modernizing Cash Application with the 3As: Automation, Analytics, and AI
Cash Application Automation for Europe
Frequently Asked Questions (FAQs)
- Data capture from emails, documents, bank files and vendor portals which is very complex
- Matching invoices to receipts is often complex and time consuming involving several rules
- Data entry and posting into different ERP systems is very tedious and error-prone
Emagia AI-powered Cash Application Solution puts AI to work to eliminate inefficiency in your cash application process. Using this intelligent cash application software, you can auto-match payments to invoices and remittances, and speed up cash posting directly into your ERP system. The intelligent cash app software resolves any discrepancies on cash receipts with automated dispute resolution.
