Fast and Accurate Cash Application Services with Carixa™
On-time and accurate cash application services are essential to your business and need to be kept current, reconciled daily for accounting, credit, and collections. Whether you have an modern ERP or legacy system, cash application is still partly manual and labor-intensive, causing many companies to fall behind schedule.
The Problem with Outdated ERP Software
Chances are your current ERP system cannot perform fully automated cash application services for all payment types, is unable to interpret the data from Lockbox, ACH, EDI, credit cards, spreadsheets, and email remittances data. Most so-called auto-cash programs leave 25%-40% of the work to be completed manually, which often means the day’s cash cannot be closed on time or requires unreconciled entries to be posted for later resolution. This makes your business fall behind on collections and deductions month after month and can negatively impact:
- Cash Flow
- Days Sales Outstanding (DSO)
- Customer Relations
The Carixa™ Solution
Carixa™, our revolutionary Software as a Service (SaaS) platform, delivers a 100% automation result via Carixa™ “Genius” Cash Application. This cash application service can be implemented seamlessly into your existing ERP system. Here’s a video we developed to help give you a better idea of what Carixa™ can do for your business:
Carixa™ “Genius” Cash Application works effortlessly with your present financial system or can be integrated with Carixa™ modules for Collections, Credit, and Deduction Management. Either way, you get real-time results in payment posting. Via our breakthrough automation software, Carixa™ melds data from Lockbox, ACH, and EDI files and delivers a comprehensive view of all of your accounts receivable data.
The Carixa™ cash processing engine is configured to quickly clear and match remittances to invoices, credits, and deductions, and when a new deduction or dispute is created it jump starts the deduction resolution workflow. With Carixa™’s unique matching and transaction creation algorithms, you can achieve 100% cash application automation! The benefits of Carixa™ are numerous, but the most notable are:
Automatic 100% match, hands-free electronic application
Optional scanning/OCR automation
Automatic deduction, credit and debit 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|
Implement Carixa™ Today!
Achieving on-time and accurate cash application on a daily basis will keep your accounts straight and help you accelerate collections and deduction resolution — it’ll save your business money. Cash application services with Carixa™ put money back into your business and streamline what could be laborious and complicated tasks associated with your accounts receivable.
Don’t fall behind. Carixa™ is here to help. Questions about our breakthrough cash application services or how Carixa functions as a credit management software system? Please contact us.