Cash Application

Machine Learning, Artificial Intelligence (AI) and Robotic Process Automation (RPA) drive Automated Cash Reconciliations, Advanced Payment Matching Workflow using Cforia Clean Receivables^(SM) for First-Time-Right Cash Application accuracy, dramatically improving global Working Capital results.

Today our proven and globally deployed Cash Application and Bank Reconciliation capabilities, continue to enhance Cforia’s disruptive technology platform, Cforia.autonomy™.

With the integrated release of the Cforia Cash Application and Bank Reconciliation Modules, Cforia.autonomy™ has extended Straight-Through-Processing (STP) capabilities for Zero-Touch Posting of EDI, EFT, ACH, PCI Compliant Credit Card, Direct Debit, Lock-Box and Cash payments.

Cforia provides Cash Application, Bank Reconciliation and Regulatory Reporting for all major billing systems, including SAP, Oracle, PeopleSoft, Microsoft, JD Edwards, IBM Custom Software and many others. Cforia’s growing list of Fortune 2000 Clients benefit from proven, cost-effective, real-world productivity tools which deliver improved financial performance.

We also make these AI and RPA generated matches reviewable, pre-posting to the system-of-record. This approach eliminates the problems being caused by cloud-based cash application solutions mismatch, which causes unwanted and unproductive manual-rework within the billing systems.  This proven ability combines Artificial-Intelligence with Human-Intelligence for First-Time-Right Decisions, which greatly impacts functional match-rates and produces higher efficiency within Cash Application, Bank Reconciliation and Regulatory Compliance processes.

Cforia’s Machine Learning, Artificial Intelligence (AI) and Robotic Process Automation (RPA) drive Automated Cash Reconciliations, Advanced Payment Matching Workflow to provide companies with the ability to leverage automation to improve cash application productivity, while also increasing accuracy.

This application can automatically download and extract data from EDI, EFT, A/P Portal, ACH, PCI Compliant Credit Card, Direct Debit, Lock-Box and Cash payments for both United States and International banking formats including BAI, BAI2 and MT940. Eliminate the hassle of manually comparing documents or images to open invoices. As a result, your company’s accounting system remains constantly updated and improves A/R workflow.

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