Achieve industry-leading match rates powered by unparalleled  machine learning

Tip Sheet

With Billtrust Cash Application, you’ll automate matching payments with remittances from disparate sources more accurately.

With Billtrust Cash Application, you’ll automate matching payments with remittances from disparate sources more accurately than with other solutions. Our custom machine learning model learns from your unique ERP, your customers’ unique remittances and your buyer patterns.

Cash application departments are drowning in payments that are growing more complex and labor-intensive to process. Teams lose time because:

  • X icon red backgroundPayment types continue to diversify, and checks remain the staple of B2B commerce.
  • X icon red backgroundDecoupled remittances are growing with the adoption of electronic payments.
  • X icon red backgroundBank lockbox data is expensive and error-prone, and unauthorized deductions bury staff in manual work.
  • X icon red backgroundCredit remains tied up until cash can be applied and business slows down.
Cash Application Dashboard Mockup Screens

Achieve more with Billtrust

Maximize straight-through processing

Billtrust’s first-to-market cash application solution, powered by machine learning, learns from your unique invoice structure, your buyers’ nonstandard remits and your ERP system to maximize match rates without human intervention. When exceptions are processed, the system automatically improves and learns how to handle new exceptions without custom programming, producing the highest possible straight-through processing rates.

Manage digital payments easily

Accelerate converting paper check buyers to pay digitally with Billtrust’s electronic adoption managers. Our managers are equipped with business analytics and proven marketing tactics to help you onboard more of your customers to electronic invoicing and payments. We do the heavy lifting and run digital adoption email campaigns for you, driving an average of 84% improvement in the number of electronic payors.

Enhance team efficiency

Empower cash application staff to process exceptions twice as fast as other solutions with an intuitive match review user interface, which your staff can learn in one day to accelerate onboarding. In addition, Billtrust’s local customer support provides same-day resolution time for most cases. Our level of cash application automation enables your staff to improve straight-through processing, sustain cash flow and ensure business continuity.

Revolutionize cash application with Billtrust

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Flexible payment matching

Match customer payments in any scenario including parent-child relationships, installment payments, prepayments, complex deductions or inaccurate data.

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Bank & ERP integration

Our solution integrates seamlessly with leading banks, electronic lockboxes and ERPs. Any way you can accept payments, we can apply them.

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Automated invoice matching

No data? No problem. Our automated engine analyzes customer information and payment amounts to make accurate matches — even when zero payment remittance data is detected.

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Complex deduction mapping

Easily manage and code deductions before the data enters your ERP.

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Machine learning models tailored for you

Our machine learning algorithms are trained with your open balance data, leading to industry-leading straight-through processing rates that improve over time as they learn from your behavior.

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Reporting & dashboards

Gain seamless visibility of reconciliation, team performance, and cash application system performance with a variety of out-of-the-box reports and dashboards for your team’s daily needs.

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Efficient exception handling

Billtrust Cash Application suggests smart solutions to the user. Additionally, an intuitive user interface provides all relevant data, images, and documents on one screen to help solve exceptions in a matter of seconds, not minutes.

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Remote check deposit & mobile app

Whether in the office or in the field with our mobile app, you can scan check payments and capture remittance data from anywhere, and we’ll deposit the cash on the same day.

“We’ve been able to grow our receivables from $0 to $30 million in the last couple of years. We’ve also opened up 12 store locations and we’re still able to process payments and apply cash [without adding additional headcount].”

Terry Ludzenski

Director of Financial Services, Holt Cat

Download Tip Sheet

Cash Application Tip Sheet Mockup

Learn how to achieve industry-leading match rates powered by unparalleled machine learning.