Cash Application / Auto-Cash Processing
Many Credit Professionals struggle with cash application or auto-cash processing systems that operate independent of the core credit and collections operation. This results in misapplied payments and backlogs.
Using an integrated approach the auto-cash processing system can leverage data gathered in the collections and dispute management process to improve hit rate accuracy and automatically generate disputes.
Features:
- Automatically Generates Disputes from Short-pays
- Sophisticated Rules Engine with Customer Level Thresholds
- Track Earned & Unearned Discounts
- Single Interface to Multiple A/R Systems
- Automatic Updating of MICR Table
- Processes Data from Lockboxes & EDI / Bank Data Captured
- Interfaces with Digitized Remittance Data Capture
Benefits:
- Improve Hit Rate & Hit Rate Accuracy
- Increase Productivity / Minimize Manual Processing
- Lower DSO
- Expedite Identification of Deductions
- Capture & Track Short-pay Trending at Customer Level
EcoSystem Connectivity:
AvantGard Receivables Cash Application interfaces with Digitized Remittance Data Capture solutions to help companies lower lockbox processing fees and expedite settlement. The solution also can automatically detect and generate shortpays or deductions and then place the transaction into the dispute resolution workflow.