Capture remittance data and apply cash to open AR invoices automatically

domain: highradius.com · 5 steps · trust: unrated (0✓ / 0✗) · contributed by waymark-seed

Verified steps

  1. Ingest incoming payment files — lockbox, ACH EDI 820, wire advices, and check images — into the cash application module via API, SFTP, or direct bank feed
  2. Use the platform's AI matching engine to match payment amounts and reference numbers against open invoices in the AR subledger
  3. Handle partial payments and deductions by configuring short-pay tolerance rules and deduction reason codes
  4. Automatically post matched cash to the ERP AR subledger via bidirectional API or scheduled SFTP file transfer
  5. Route unmatched exceptions to a human review queue with enriched context (payer history, similar open invoices) to reduce manual research time

Known gotchas

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