Auto Cash With Carixa
On-time and accurate cash application is important, and needs to be kept current and reconciled daily for accounting, credit, and collections. Whether you have an ERP or Legacy system, cash application is still partly manual, labor intensive, and usually behind schedule. Most so called “auto-cash” programs leave 25%-40% of the work to be completed manually, which often means the day’s cash can not be closed on time, or require unreconciled entries to be posted to the books for later resolution. Carixa, on the other hand, delivers a 100% result.
Carixa “Genius” Cash Application works seamlessly with your present financial system, or integrated with Carixa modules for Collections, Deduction and Credit Management. Either way, you get real time results in payment posting. The Carixa cash processing engine is configured to quickly clean and match remittances to invoices, credits, and deductions, and when a new deduction is created it “jump starts” the deduction workflow. With Carixa’s unique matching and transaction creation algorithms, you can achieve 100% Matching!
Automatic 100% match, hands-free electronic application
Optional scanning/OCR automation
Automatic deduction matching
Automatic chargeback and debit memo generation direct into workflow
|Interprets, translates and processes BAI, EDI, PDF, emails and spreadsheet data.||Fast and accurate cash posting|
|Auto creation and coding of deductions||Tracks Earned and Unearned Discounts|
|Tests for earned and unearned discount rules||Real time update of collection follow-up queue|
|Detailed on-line payment history||Reduced held orders|
|Single interface to multiple ERP systems||Reduced complexity, higher efficiency|