Data capture and auto-linking of payments.
Cash Application Solutions
Cforia’s best-in-class algorithms drive Automated Cash Application, Allocation and Reconciliation through the complete end to end Order to Cash Lifecycle. Collating payment data from a large number of disparate payment sources ensures complete coverage of your Account Receivable ledger. The advanced payment matching workflow provides companies with the ability to leverage automation to improve cash application productivity, while also increasing accuracy.
Automatic Remittance Matching
Capturing remittance data from emails, checks/cheques (both hard copy and electronic), PDFs, and customer payment portals.
Customer Data Accuracy
With cash being applied quickly and efficiently directly to Cforia.autonomyTM, your customers benefit from improved customer service by your OTC staff working off accurate data up to date data and not attempting to collect what has already been paid.
End-to-End Platform Integration
Cash application that is fully integrated with every product across the Cforia.autonomyTM platform to provide Collections, Deductions, Credit alerts and order holds with relevant information as soon as a payment is received or as any issues arise.
Intelligent Dispute Handling
Our advanced payment matching algorithms and associated workflows alerts users when exceptions are flagged, so they can be routed and escalated to appropriate OTC staff for investigating and processing as per your own defined business processes.
Auto-Linking of Customers
Eliminate Lockbox Processing Times & Associated Fees
Save time and resources
Eliminate lockbox processing times and associated fees, with the ability to automate the entire cash application process from inception to completion. The removal of the “lockbox” step in the Cash application process also means that remittances can be automatically matched to bank statements and cash can be applied in near real time.
Learn more about Cforia’s Cash Application functionality and better understand how it has driven success for other companies like yours.
If your current A/R processes involve manual tasks or you are constantly finding your data in silos that make it difficult to consolidate and prioritize, then it may be time to find a solution that better addresses your challenges. See how Cforia’s complete end-to-end order-to-cash platform uses machine learning and customer intelligence to automate your day-to-day and improve collector efficiency.