Discover how Quantum Cash Application fuses supervised machine-learning with robotics process automation to help reduce the amount of manual work and disparate processes historically associated with Cash App.
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CASH APPLICATION TODAY
Processing payments is more
complex & labor-intensive
Payment types are becoming
more and more diverse
B2B Checks are not
going away
Unauthorized deductions
are growing
Decoupled remittances are
growing with electronic payments
Multiple divisions and ERP’s
make posting difficult
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AUTOMATION BUZZ WORDS
Artificial Intelligence. Robotic Process Automation.
Unsupervised artificial intelligence (AI) or robotic process automation (RPA) continues
to evolve in the AR space, but still lacks the critical ability to recognize data in a way that will
result in high auto match rates, as well as guaranteed accuracy and efficiency for Cash
Application.
AI and RPA alone involve too much guesswork:
Black and white decisions Misses nuances of customer behavior
Does not learn from your history Based on custom rules
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SUPERVISED MACHINE-LEARNING
Supervised
machine-learning
is the undisputed
standard in
accurate, efficient,
intelligent and
sustainable cash
application
Automation is
deployed in
conjunction with
guided modeling to
guarantee that the
results are
predictable and
replicable
Zero tolerance
for misapplies
Sustainability in our
configured solution
and its ability to
accommodate
updates to software
or ERP updates
seamlessly, without
added cost
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CASH APPLICATION – HYBRID MODEL
The Best of Both Worlds
Use supervised machine-
learning (combination of
automation & guided
modeling) to take remittances
in multiple formats, match them
to the correct invoices and give
you close to 100% matching
This hybrid solution
removes any guess work
and costly errors from your
cash application process.
The system learns and
adapts to the variety of
ways your customers pay
The Best of Both Worlds
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CASH APPLICATION – HYBRID MODEL
Accuracy, Speed and Automation
Use a hybrid approach of supervised
machine-learning to:
• Reduce bank lockbox fees & in-house staffing
costs
• Improve posting time and receivables data
quality
• Maximize hit/match rates
• Reduce errors and exception items
• Process deductions automatically
• Integrate easily with your bank & ERP
Systems
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FOCUS ON THE EXCEPTIONS
Accuracy, Speed and Automation
Remove the noise
• If it’s repeatable, let technology do it
• Automate 90% of your work
• Address the special customers
• Get time back for other projects
• Improve team morale
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CUSTOMERS DEDUCTIONS
If there is an Amount
Difference that doesn’t
fit Automated
Deduction patterns,
have a person review it
Choose from a list of
your codes, indicate
over/under amount,
and add multiple codes
Import deductions
from EDI payment files
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CUSTOMERS PAY HOW THEY WANT – DECOUPLED
Your A/R Team has to go
to multiple website, systems,
and tools to apply cash
Customer emails you
with info on what they paid
Customers pay you
electronically through the bank
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ASSISTED CORRELATION
• Import EDI 820 file from
the bank
• Import emails containing
invoice details
• Provide assisted
correlation matches
• Auto correlate
• Technology learns
behavior from your
decisions
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SMART CAPTURE
• Enhanced technology
to automatically identify
table data on a remit
image
• Identify columns and
create confidence
score on what the best
ones to use for search
are
• Runs through Open
A/R looking for a match
• If there is a question, it
goes to Match Review
for a user to evaluate
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Want to learn more about supervised
machine-learning or Cash App automation?
Request a demo!
GET IN TOUCH
www.billtrust.com/demo
888-580-2455