Billtrust Announces Groundbreaking AI Advancements

+95% match
rates with cash application software

Improve your reconciliation processes with Billtrust’s AI-powered matching solution. Cash Application transforms your accounting operations, reduces manual work, and gives time back to your employees.

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.

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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.

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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

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The Cash Application Advantage: Strategies to Maximize Financial Efficiency

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.

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Blog

Optimizing cash application KPIs with AI-powered automation

For finance leaders, cash application key performance indicators (KPIs) have become essential tools for measuring your accounts receivable (AR) process. They are more than just numbers – they are your secret weapon for supercharging efficiency and getting cash in the door faster. These metrics provide insights into your cash conversion cycle, directly impacting your bottom […]

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Dunning letter management: Optimize your collections strategy

For finance leaders managing accounts receivable, dunning letters represent a critical touchpoint in the collections process. These payment reminders, also called collection letters, serve as essential communication tools that can significantly impact your cash flow, operational costs, and customer relationships. However, many organizations still rely on manual, time-intensive approaches to dunning management that fail to […]

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Case Study

Heavy Equipment Company

Explore the AR automation journey of an equipment rental company, achieving $1.2M savings. Read the case study now.
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Ready to see Billtrust in action?

Use Billtrust to streamline AR and get paid faster while reducing manual work. Discover how our AI-powered solutions can meet your unique needs and enhance your AR operations.

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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.

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.

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.

Solutions include integrated invoice delivery, automated cash application, electronic payment processing, and AI-powered collections management that work together to streamline the O2C process.

Estimate incoming revenues, outline all expected expenses – including irregular costs – and plan for fluctuations to forecast cash flow accurately.

It reduces manual tasks, minimizes errors, and provides real-time visibility into financial operations, thereby improving efficiency and reducing costs.

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.

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.

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.

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.