Give your cash applications rocket fuel.
Harness the power of trusted, finance-led AI to instantly and accurately apply customer payments to invoices with supercharged efficiency.
The value of Cash Application
Cash Application features
Significantly reduce the time it takes to apply payments, whether you run SAP, Oracle, or another ERP. Leverage AI to drive down DSO, reduce lockbox costs, and unlock working capital faster.
The cash application process is often slow, repetitive, and resource-intensive—especially when it requires manual handling of remittances. Cash Application puts AI to work and uses auto-application rules, intelligent data capture, and text recognition to streamline the process. Data captured from various sources is used to automatically apply payments directly to invoices, then securely stored for future audits. You’ll reduce manual effort and free up resources for higher-value tasks.
Our pre-built payment application rules are the result of years of collaboration with customers across hundreds of industries. This technology, combined with seamless ERP integration, enables industry-leading auto-application rates and faster benchmark standards. By leveraging proven solutions and efficient integrations, you’ll accelerate your cash application processes and drive greater operational efficiency.
AI Finance & Accounting Can Trust
Go beyond generic AI. Verity AI is built on 20+ years of deep finance and accounting process knowledge and a foundation of trusted data with an essential control layer. It understands your complex workflows, delivering AI that teams can finally trust. Empower your team to become strategic advisors.
Additional resources
Frequently asked questions
Cash application automation is a technology that automatically applies customer payments to corresponding invoices. This eliminates manual data entry, reduces unapplied cash, and accelerates the invoice-to-cash process. By leveraging automation, you’ll gain visibility and control, significantly improve accounts receivable operations, and free up time for higher-value tasks.
Using intelligent data capture, auto-application rules, and optical character recognition (OCR), Cash Application extracts remittance data from various sources and applies payments to invoices within your ERP system. This process reduces manual effort, minimizes unapplied cash, and ensures faster, more accurate cash application ensuring customer credit lines are freed quicker. By integrating seamlessly with existing ERP systems, BlackLine provides end-to-end visibility and control over the invoice-to-cash cycle.
Yes, Cash Application integrates seamlessly with nearly all ERP systems. The software is designed to automatically import and process payment data within your existing ERP, ensuring smooth operations without the need for extensive manual intervention. By connecting with your ERP, BlackLine streamlines the cash application process, allowing for real-time updates and efficient management of customer payments directly within your financial systems. Have a question about integration? Schedule a demo to learn more.
AI automates repetitive tasks by accurately matching and applying customer payments to invoices. Cash Application uses machine learning and pre-built logic to automate payments—even in situations when customers don’t send you reference information or a remittance. Over time, AI can learn about customer payment patterns, further improving the speed and accuracy of future transactions. This results in faster payment processing, fewer errors, and a significant reduction in unapplied cash.
Start by requesting a demo. The onboarding process involves integrating the software with your existing ERP system and configuring payment application rules tailored to your needs. BlackLine experts will guide you through the implementation process, ensuring that your accounts receivable team can quickly begin benefiting from automation, enhanced visibility, and streamlined payment processing.