Automated Accounts Receivable Cash Application
Carixa Genius™ auto-cash services improve accuracy and speed, without the overhead or software investment. Here are just a few of the features of our services.
The Challenge: On-time and accurate cash application is important, and needs to be kept current and reconciled daily for accounting, credit, and collections. Why is this simple goal so elusive?
Even if you have a so-called “auto-cash” system, cash application is still partly manual, labor-intensive, and often not completed on schedule leaving 25%-50% of the work and all exceptions to be completed manually. This means the day’s cash can not be closed timely, or unreconciled entries are posted to the books for later resolution.
The Solution: Carixa Genius™ Cash Application solves this, and can work seamlessly with your present financial system, or integrated with the complete Carixa Cloud suite. 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. Only with Carixa’s unique matching and exception handling process, can you 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|