Modernizing Cash Application with the 3As:
Automation, Analytics, and AI
Cash Application has come a long way from the days of OCR scanning, expensive lockbox services, ERP Auto-cash, substantial manual application of Auto-cash “kickouts”, and even Robotic Process Automation (RPA).
Cash application can be transformed using automation, analytics and AI to match invoices to incoming payments and remittances that come in multiple channels, in various data & document formats, in many languages and currencies. This MasterClass will focus on the state-of-the-art cash application that leverages Automation, Analytics and AI to gain exponential advantage.
This eBook will focus on:
- Auto-capturing of payment and remittance data
- Achieving applied cash with hit rates of 90% and above
- Accomplishing touchless and frictionless cash posting
- Replacing manual operations by 90% and above
- Understanding the role of analytics in managing cash flow