Emagia Cash Application improves AR efficiency, reduces manual labor, and cuts the time between payment and posting. Cash application automation allows parallel processing of bank and customer files. This allows users to receive remittance information directly from customers through EDI, Excel, and PDF remittances and store the matching data until confirmation from the bank that the cash has been received. Using our matching algorithms, cash can be applied on multiple reference data including the invoice number, PO number and Sales Order number.
- Reduces costs and improves efficiency,
- Automates data feeds from the lockbox and banks,
- Provides intelligent matching and recommendations, and
- Improves cash flow predictability and performance.