This video shows how the Emagia Cash Application enables organizations to improve AR efficiency, reduce manual labor, and decrease the time between payment and posting. Cash application automation allows parallel processing of both 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 the bank confirms that the cash has been received. Using our matching algorithms, cash can be applied on multiple reference data including invoice number, PO number, and Sales Order number.
Cash Application Advantages include:
- Reduced costs and improved efficiency,
- Automated data feeds from the lockbox and banks,
- Intelligent matching and recommendations, and,
- Improved cash flow predictability and performance.