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AI-powered Cash Application

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sushmithakatherin
AI-powered Cash Application

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


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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 Before automation, accounts receivable (AR) professionals were caught up in the outdated paper-based processes that involved manually matching payments and remittance information.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).

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