BlackLine Cash Application transforms the order-to-cash cycle by significantly reducing the time it takes to apply cash to open invoices. When customer payments are received, BlackLine Cash Application uses AI to accurately apply payments to customer invoices in your ERP.
Use AR automation to eliminate manual accounts receivable processes and drive the most efficient end-to-end process from your customer order to cash in the bank—fully applied and closed.
“With Cash Application, all parts of the process—application rates, turnaround time, unapplied cash, and team performance—are monitored and measurable. When we see an area for improvement, we can identify exactly what needs to be done and predict how the customer will benefit.”
Christoph Koenig, Director I2C, Service Delivery EU & Global Process Owner
Automate the accounts receivable process to increase efficiency, improve accuracy, and remove manual processes by as much as 85%.
With AR automation, accounts receivable professionals can focus on managing risk and collecting cash with full visibility and control, rather than performing manual rework or chasing customers for remittances.
Typically, a slow, labor-intensive, and repetitive process that requires remittances, the cash application process can consume significant resources.
With BlackLine Cash Application, the need for remittances falls to less than 20% which translates to considerable time savings for your organization. Additionally, intelligent OCR is applied to over 50% of remittances to further reduce customer effort.
Unique pre-built rules are developed from years of experience working closely with customers across hundreds of deployments. As a result, our customers are able to achieve world-class match rates and benchmark standards faster than the industry average.
Tracey Bentley, Head of Accounts Receivable & Service Delivery UK & Europe