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.
Digital World-class O2C Leaders Excel with Emagia
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.
Connect With Our ExpertsCash Application Solutions 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
Driving world-class efficiency in global accounts receivables operations spanning across
170+
Connected Banks
1000
Customers
90
Countries
Achieving world-class digital Order-to-Cash performance globally in 15 months
>95%
Cash app
Rates
$4B
in Receivables
44
Countries
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
Related Resources
Digital Order-to-Cash: A Roadmap to Cash Application Automation (Happy Customers, Happy Shareholders)
Enterprise Digital Assistants: How they can support you in your Credit, Collections and Cash Application Operations