Emagia AI-powered Cash Application is a cloud-based platform that is integrated with leading banks, electronic lockboxes, leading ERP systems and email inboxes. This intelligent solution leverages automation, analytics and AI to match invoices to incoming payments and remittances that come in multiple data and document formats in multiple languages and multiple currencies.
Add AI-powered Cash Application to Your ERP System
Digital Cash Application
for Global Businesses
Cash posting is often expensive, time consuming and error-prone. Before automation, accounts receivable (AR) professionals were caught up in the outdated paper-based processes that involved manually matching payments and remittance information. The inefficiency in this tedious process often had serious impact on businesses since a “fully paid” customer may continue to receive late notice reminders, while another customer is marked “paid” while no funds have been received from them.
Experience the Emagia Advantage
Emagia’s AI-powered Cash Application puts AI to work to eliminate inefficiency in your cash application process. Using the solution, you can cut down the manual efforts associated with data capture and auto-matching by over 95%, and speed up cash posting directly into your ERP system. The solution resolves any discrepancies on cash receipts with automated dispute resolution. It uses artificial intelligence to understand customer payment trends, predict cash flows, create and manage cash flow strategies for the new normal.
Whether the challenge is automating the AR process, minimizing manual errors and costs, reducing the time between paying and posting, or automating the cash application without using a single piece of paper, Emagia can help you achieve exponential gains in the Cash Application process using artificial intelligence (AI).
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
Global Payor/payee Relationship
Complex third-party payment relationships across customers from multiple entities and from multiple ERPs
AI-driven Auto-match Engine
Auto-match invoice-to-receipts and posting automation using AI/ML and pre-built hundreds of rules.
Digital Assistant Gia for Cash Application
Automated digitally assisted voice, chat and email correspondence to customers to collect remittance information
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
Multi-ERP, Multi-Language, Multi-Lockbox, Multi-Currency Support
Support invoices across multiple ERPs, multiple languages, multiple currencies and lockboxes.
Reduce Overheads
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
Digital World-class Leaders Use Emagia Order-to-Cash Automation
Banks
rates
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, 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 & accounts bills, sends alerts on upcoming payments, and resolves disputes.
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
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.