Automate your Remittance Matching with AI agents
Stay on top of your accounts receivables by automatically matching received payments against open invoices with our AI assistant
Why manual remittance matching
is holding you back
Challenges:
Manual processing of remittance emails is time-consuming
Manually sorting and processing remittance emails consumes significant time and resources, slowing down financial operations and delaying reconciliation efforts
Payments often lack crucial remittance data
Incomplete or missing remittance information makes it challenging to match payments accurately, leading to delays and manual intervention
High risk of human errors in data entry and matching
Manually entering and matching data increases the likelihood of errors, impacting the accuracy of financial records and reconciliation processes
Low match rates and inaccurate financial data
Inefficient matching processes result in low match rates, creating inaccuracies in financial reports and complicating audits and compliance
Manual methods lead to mismatched payments and discrepancies
Traditional approaches often cause mismatched payments and unresolved discrepancies, creating challenges in maintaining accurate financial records and customer trust
Solution Overview:
Listen for incoming remittance emails
Automatically monitor and capture remittance emails, ensuring no payment details are overlooked and streamlining the data collection process
Extract key remittance information from various email formats and attachments
Leverage AI to accurately extract crucial payment details from diverse email formats and document types, eliminating the need for manual processing
Integrate with existing ERP and cash flow systems
Seamlessly connect with your ERP and accounting software to ensure real-time updates and efficient payment processing
Match remittances with open receivables
Automatically match extracted remittance data with open invoices, ensuring faster reconciliation and reducing discrepancies in financial records
How our AI assistant for
remittance matching works
Step 1
Listen for incoming remittance emails
Step 2
Extract key remittance information from various email formats and attachments
Step 3
Integrate with existing ERP and cash flow systems
Step 4
Match remittances with open receivables
Step 5
Route exceptions to human experts for verification/validation and resolution
Key features and benefits of Agentic AI
Significant reduction in processing time (hours to seconds)
Increased efficiency and reduced errors
Improved cash flow and cost savings
Business teams empowered with AI-driven solutions
Are you still spending hours every day manually performing remittance matching?
It is time to delegate the mundane, menial tasks to your own AI agent so that you can focus on work that truly matters.