Reduce accounts receivable matching effort by 71%
Use machine learning to match and clear bank statement items automatically. learns from past cleared transactions to propose matches for open items and accounts, helping automate the order-to-cash process.
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Benefits
- Accelerate incoming payment processing to reduce days sales outstanding and improve customer service
- Adapt to regional and customer-specific variations with country-specific ML training models
- Increase accuracy and reduce manual workload with proposals for matching items, accounts, and posting entries
Business value
- Reduced effort
71% reduction in AR matching effort - Improved DSO
0.5% reduction in days sales outstanding - Cross-industry use
Applicable across industries