A DIGITAL SOLUTION TO SIMPLIFY CASH ALLOCATION
When you have to deal with multiple payment sources and formats (e.g., banks, lock boxes, emails, PDFs, etc.), not to mention the different levels of data in each document, it can be a real pain for AR teams to allocate cash in a timely and effective manner. Esker's AI engine automates the manually intensive process of matching payments received from all incoming payment information sources. The result? Your team can focus on higher value tasks and control cash flow in real time.
- Increased accuracy on auto-matching rates
- Automatic reconciliation into ERP systems
- 70% average reduction in manual activity
MATCHING MADE EASY
Not only does Esker’s cash allocation use built-in business rules to automate the matching of incoming payments and invoices, it also — unlike other solutions on the market — captures and extracts all the accurate data from remittances to perform 3-way matching and enhance accuracy. The result? Your cash is cleared in one hour!
WHY ALLOCATE CASH WITH ESKER?
- Increase productivity for cash and collections teams
- Get real-time visibility on account statuses
- Reduce amount of unapplied cash
- Improve overall collections efficiency
- Speed up deductions and/or dispute identification
- Make exceptions handling smarter and faster
- Coming Soon