Cash Alloca�on Cloud

HighRadius Cash Alloca�on Cloud is the most comprehensive solu�on available for automa�ng cash alloca�on across all payment and remi�ance formats. Driven by customer- specific business rules, automated on-invoice hit rates of 98 %+ are typical with the solu�on. A cloud-based solu�on available as so�ware-as-a-service, Cash Alloca�on Cloud is easy and cost-effec�ve to deploy and maintain.

Challenge

The Cash Alloca�on process is highly manual, �me-consuming, costly, and error-prone. Companies receive many forms of payment (cheques, wire transfer, etc) across mul�ple banks. Customers provide inconsistent remi�ance detail in a variety of formats (paper, EDI, email a�achments, Online portals). In certain cases, remi�ance line items refer to alterna�ve reference numbers that are not on the original invoice. Most ERP system or cash alloca�on programmes require a clean, standardised remi�ance file to auto-apply cash. On top of this inefficiency, the cost of paying the bank to key in data from paper remi�ances can be very high and only par�ally address the problem. Audit and compliance issues arise when a company is si�ng on unapplied or improperly applied cash, making accuracy and efficiency all the more cri�cal.

Solu�on

HighRadius Cash Alloca�on Cloud enables end-to-end automa�on of the cash alloca�on process. Other solu�ons address single parts of the process but do not provide a comprehensive approach. Our solu�on is holis�c and does not require complex and costly on-premise installa�on or capital expenditure. A powerful rules engine matches pa�erns and cleanses data. A unique data aggrega-�on engine parses email a�achments and web portals, elimina�ng manual capture of remi�ance data and deduc�on backup. Easy integra�on with any ERP system maintains user interac�on with standard ERP cash pos�ng. The result is dras�cally reduced opera�ng costs, near-perfect on-invoice hit rates, and be�er audit compliance.

HighRadius provides the most comprehensive solution available for automating cash allocation and has the vision and flexibility to keep up with remittance trends.

www.highradius.com

Receivables Cloud

Cash Alloca�on Cloud

HighRadius UK Limited3 More London Riverside,London, SE1 2RE+44 (0) 203 286 4889info@highradius.com

© Copyright 2017 HighRadius. All Rights Reserved.

Key Features-Customer specific rules match pa�erns and transform data for invoice matching, deduc�on coding, and cash discount analysis.-Syndica�on engine publishes a format specific to a par�cular ERP system so standard ERP cash pos�ng can be leveraged.-Op�cal Character Recogni�on (OCR) engine captures data from check remi�ances.-Data Aggrega�on Engine performs:--EDI Aggrega�on for EDI 823, EDI 820, 812, bank BAI or BAI2 formats.--Web Aggrega�on that collects informa�on from websites.--Email Aggrega�on that parses emails anda�achments to process remi�ance informa�on.

Benefits- Achieve a 95 % + auto on-invoice hit rate.

-Auto-create deduc�ons and capture deduc�on informa�on such as claim number, reason-code, etc.

-Apply cash the same day the funds hit your bank.

-Free up 80 % or more of your cash alloca�onanalyst’s �me and minimise keying-in errors.

-Low footprint implementa�on with your ERP systemrequiring no on-premise hardware or customisa�on.