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Automatic Cash Application Software, Chargeback Coding and Reconciliation supports Bank Reconciliation, Lockbox processing and Auto
posting from Remittance Files into any ERP system including SAP. Baan, BPCS, JD Edwards, Lawson, MAPICS, Oracle, QAD and PeopleSoft. File types
include EDI, Hard copy, OCR Scanned, XML, Bank Statement Upload and Electronic Payment solutions. Interfaced with over 150 banks. Increase cash
application department remittance advice and payment handling productivity by over 100%.

Lockbox Matching enables companies to achieve straight through processing from Lockbox files into their ERP System. Our Lockbox Solution helps
companies:

  • Match any worldwide bank file or format.
  • Standard matching algorithms support invoice amount, invoice number,
    purchase order, sales order, discount amount and due date.
  • Algorithms can be adjusted to include other specific reference fields.
  • Automate deduction posting into ERP systems.
  • Streamline General Ledger write-offs.
  • Handle unallocated cash.
  • Posts updates to your ERP’s accounts receivable and general ledger.
  • Can be deployed across multiple sites, environments or ERP systems

Cforia Automatic Cash Application will greatly reduce a manual matching and keying process. The solution automatically applies EDI, XML, Excel and
hard copy remittance information into AR. The solution also post remittance file discounts, deductions, rebates and other AR exceptions.  Auto Cash
Application helps companies thrive with:

  • Supports EDI, XML, Excel, OCR, and Hard Copy remittance advice.
  • Matching rules that can be mapped to support any specific or combinations of fields.
  • System updates that follow trading partner rules.
  • Remove duplicate entries and netting transactions.
  • Auto process Discounts, Deductions, Rebates and other Credit and Debit notes.
  • Make all updates to your ERP’s A/R and G/L.
  • Create manual Bank Deposit slips for retail organisations..
  • Bank Reconciliation Module integration enables efficient reconciliation of AR transactions.

Automatic Chargeback Coding captures chargeback, deductions and dispute codes contained within customer remittance advice.

  • Supports Bank scanned Checks with OCR of key data.
  • Spreadsheet or delimited text file customer provided remittance data.
  • EDI customer remittance instructions.
  • OCR scanning of paper documents.

Cash to GL Reconciliation allows companies to reconcile Auto Cash remittance advice regardless of the source with specific general ledger codes
and segments. Resulting auto matches are posted to your GL.

Real-Time Seamless Integration across multiple ERP system(s) including SAP, Oracle, Baan, Lawson, Microsoft Dynamics NAV, QAD, JD Edwards,
PeopleSoft, BPCS, MAPICS and many more.

Click on this link to view Lockbox Auto Cash Application Webinar replay.

Click to view cash application background for Greg Coulter.

Click on this link to replay Automatic Deduction Coding and Reconciliation Webinar.

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Automatic Cash Application
Management Software.

Increase productivity for handling large
customer remittance advice by 100%.