Cash allocation should be a simple process, but it is often faced with poor bank payment reference data, or lack of remittance information, multiple payment types including BACS, faster payment, cheques, credit cards and even cash over the counter. This coupled with limited capability within the sales ledger means that cash can be a drawn out, complex and a manually intensive process especially at month end.
Our 6 week standard delivery model and simple ERP integration module works alongside any ERP, bank, industry, in any country. Its intelligent engine learns as it goes and can automatch upwards of 93% of all incoming payments. Using a library of pre-built match rules or suggested one click matches allow you to clear down all incoming payments to invoice level within the first hours of business (even at month end).