Higher match rates with AI automation
Our confidence-based matching model ensures industry-leading, straight-through processing with fewer exceptions and manual rework. Machine learning dynamically improves your cash posting accuracy, getting smarter over time with consistent learning and optimization.
One streamlined cash application experience
Accurate matching with AI
AI matches payments to the right invoice and account instantly, saving time and giving you greater confidence in your financial record keeping.
Easy exception handling
Automatically identify and categorize exceptions, so resolutions are faster and less hands-on.
Continually learning and getting better
The confidence-based matching engine is powered by machine learning, so it learns from your exceptions and your exception-handling behavior.
Actionable insights for improvement
Understand which customers generate the most matching exceptions and the cost of manual matching errors.
More accuracy, fewer anomalies
Automated data extraction and capture eliminates errors and exceptions while advanced algorithms auto-match with precision. Teams can customize matching criteria even further with user-controlled adjustments. Actionable insights pinpoint customers with low match rates.
Not rule-based, confidence-based
Move beyond static, rule-based matching techniques. Billtrust trades pre-set rules for confidence scores indicating the likelihood of a correct match. Adjust the scoring threshold as you see fit to increase or decrease the number of exceptions flagged for manual follow-up.
Match with adaptive intelligence
Machine learning and optical character recognition (OCR) models adapt to evolving invoice formats and payment structures, handling unstructured data with ease.
Trusted by global brands
The Cash Application Advantage: Strategies to Maximize Financial Efficiency
- Learn strategies to enhance cash application and boost efficiency.
CUSTOMER STORY
Order-to-cash efficiency with AR automation
Construction materials manufacturer and distributor drives order-to-cash (O2C) efficiency with solutions for credit applications, invoicing and cash application.
electronic invoice presentment
cash application match rate
credit approvals
CUSTOMER STORY
Modernize processes and reduce errors
Golf equipment manufacturer improves customer satisfaction by updating lockbox portal processes
match rate for ACH
decrease in daily
cash application
annual growth in
electonic payments
CUSTOMER STORY
Payments and applications all in one day
Construction supply company accelerates processes through automated invoicing and cash application solutions.
match rate
faster processing
productivity gains
Accelerate cash flow with AI-powered solutions.
Payments
Flexible payment solutions.
Offer your customers flexibility with diverse payment methods to speed up collections.
Invoicing
Invoicing made simple.
Automate invoicing to eliminate errors and ensure timely, accurate billing.
eCommerce
Effortless online sales.
Integrate your eCommerce and ERP for smoother order and transaction management.
Credit
Smarter credit decisions.
Simplify credit approvals and assessments for lower risk and greater accuracy.
Collections
Intelligent collections.
Automated collections processes reduce delinquency and improve cash recovery.
Let AI fuel your cash flow
Cash Application uses machine learning and advanced algorithms to automate payment processing and AR management. It can handle even your most complex payment needs, giving your finance teams more time to focus on high-value work.
Dig deeper into Cash Application
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Frequently asked questions
How does cash application software improve financial accuracy?
Cash application software significantly enhances financial accuracy by automating the process of matching incoming payment information to outstanding invoices. It uses advanced algorithms to analyze payment data, remittance data, and invoice details, reducing the risk of human error associated with manual data entry. This automation ensures that payments are applied to the correct accounts and invoices, leading to more accurate financial records and reporting. Billtrust’s cash application solution, for example, leverages AI and machine learning to achieve industry-leading match rates, further improving financial accuracy for businesses of all sizes.
How does cash application software handle complex or unusual payment scenarios?
Cash application software is designed to handle a wide range of payment scenarios, including complex and unusual ones. Advanced systems like Billtrust’s use AI to adapt to unique payment patterns and remittance formats. When the software encounters a payment it can’t automatically match, it flags it for manual review, providing all available information to help resolve the issue quickly. Over time, the system learns from these exceptions, continuously improving its ability to handle diverse payment scenarios automatically. This allows it to accurately process and match payments even in situations with decoupled remittances or diverse payment methods, reducing the need for manual intervention.
Is cash application software secure for handling sensitive financial data?
Security is a top priority for cash application software providers. These solutions typically employ bank-grade encryption to protect sensitive financial data both in transit and at rest. Many also offer role-based access controls, allowing companies to restrict data access based on employee roles. Regular security audits and compliance with industry standards such as PCI DSS ensure that the software maintains the highest levels of data protection. It’s always advisable to verify the specific security measures of any software you’re considering. Billtrust, for instance, prioritizes the security of financial data in their cash application solution, offering robust protection measures to safeguard their clients’ sensitive information.
What are the key solutions driving accounts receivable automation?
Solutions include integrated invoice delivery, automated cash application, electronic payment processing, and AI-powered collections management that work together to streamline the O2C process.
How do I project cash flow for startup?
Estimate incoming revenues, outline all expected expenses – including irregular costs – and plan for fluctuations to forecast cash flow accurately.
How does O2C software improve operations?
It reduces manual tasks, minimizes errors, and provides real-time visibility into financial operations, thereby improving efficiency and reducing costs.
What is the cash application process automation?
Cash application process automation—also called automated cash application—streamlines how incoming payments are matched to open invoices. Traditionally, this is a highly manual, time-intensive, and error-prone process where AR teams cross-reference bank statements, remittance advice, and invoices. Automation eliminates these manual steps: Billtrust applies payments using confidence-based, AI-driven machine learning. This architecture continuously adapts to your remittance formats and customer payment behavior, enabling high straight-through processing (STP) rates—often exceeding 90%—and dramatically accelerating cash posting while reducing errors.
What is cash application software?
Cash application software is a tool designed to automatically ingest payment and remittance information, then accurately match and post those payments to the corresponding invoices. Billtrust’s Cash Application solution processes payments made via ACH, wire, credit card, check, or AP portal. Its intelligent exception-handling flags unmatched or complex payments for review while continuously learning to improve match accuracy over time. The result: faster revenue recognition, reduced DSO, and lower operational costs.
What is AI cash application?
Billtrust’s AI-powered Cash Application leverages confidence-based matching and machine learning to automate and optimize payment matching. Unlike alternatives that rely on rigid, rule-based systems, the software uses confidence-based matching to adapt to your unique business needs. It learns from your unique invoice and remittance data to improve accuracy over time. This AI engine handles complex scenarios like decoupled remittance data, minimizes exceptions, and boosts STP rates—while delivering actionable insights via customizable dashboards and analytics.
What are the service levels for cash application implementation?
Billtrust partners with each client to define service levels aligned with their specific operational requirements—such as expected match rates, exception resolution timeframes, and supported payment volumes. Typical engagements include performance thresholds like 90%+ STP rates and same-day exception triage, alongside robust support, analytics, and ongoing optimization services from Billtrust’s implementation team. We focus on a collaborative approach that minimizes the effort required from your team and accelerates your time-to-value. For specific timelines, we recommend speaking with one of our solution experts.