High-speed invoice matching to optimize incoming payments
Payments from customers come in a variety of formats and increasingly from non-bank payment service providers. If you want to optimize your liquidity and working capital by quickly and accurately matching cash while reducing risk and DSO (receivables maturity), then automation is the only alternative.
Serrala Cash Application solution reaches highest possible levels of automation rates and efficiency gains for matching all payments against open items, intelligently recognizing and consolidating all common formats from banks and customers while simultaneously integrating all payment information into one process for matching purposes. Utilizing embedded robotic process automation and machine learning capabilities, our solution improves the accuracy of the clearing process, making repetitive and manual activities obsolete.