Efficient Cash Application with Esker's Software Solutions

Why allocate cash with Esker?

Esker automates the manually intensive process of matching payments received from all incoming payment information sources so your team can focus on higher value tasks and control cashflow in real time.

Apply cash faster & secure revenue
Accelerate cash allocation processing and deductions identification with AI-powered software.
Improve credit & collections efficiency
Free up your team thanks to faster allocation and cleared customer accounts.

Enhance visibility on cash inflows
Benefit from real-time visibility of your cash inflows through dashboards and reporting.
Make life easier for every stakeholder
Improve communication with customers, resolve disputes quicker, and boost your team morale and productivity.

Manage all your payment information — all in one place

Tired of spending time collecting documents from different locations and manually extracting data from them? Esker Cash Application allows users to centralise all their payment information, enabling:

Simplified remittance management
Retrieve remittances through:
- Customer portals with RPA technology
- Emails with intelligent routing powered by Esker Synergy AI, which automatically extracts & routes remittances received by email to Esker Cash Application
- Scanning & routing paper remittances by email, SFTP or Esker Loader
Fewer bottlenecks & errors
Esker Synergy AI combines a set of advanced AI technologies to reach maximum remittance recognition rate, significantly speeding up cash allocation.
- AI first-time recognition: Esker Synergy automatically extracts data from complex remittance advices, even when seen for the first time. Using deep learning & NLP, it creates a neural network that performs human-like data interpretation.
- Machine learning: Esker Synergy auto-learns from user corrections/validations, improving its performance over time.
- Teaching: Trained users tell Esker Synergy how to recognise specific recurring remittance layouts.

"Esker has significantly reduced processing time for large remittances with 800+ line items from 2+ hours to mere minutes."

Mozima Mohammed, National Credit Manager, Fletcher Steel

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Payment matching made simple

Allocate payment from multiple sources

From bank (bank statement, lockbox file)
From customers (check, remittance advice)
From external providers (e-commerce, customer portal)

Automate payment allocation using 2- or 3-way matching

Esker Synergy can extract data from remittance advices and payment files to automatically find the right match with open invoices or credits. The system auto-learns from users and improves its performance over time.

Configurable rules

Set up rules to automate specific cases and say goodbye to time-consuming exceptions (set up early payment discounts or underpayments threshold, manage withheld tax amounts, etc.).

Resolve complex allocations from a collaborative user interface

Esker Cash Application provides your team with an all-in-one interface to handle everyday exceptions easily, with full visibility into available data, help messages, and suggestions and collaborative tools.

User interface

All information is in a single interface, divided into two screens, to get full visibility to your team when allocating cash.

Allocation part (left screen)

Work in an interface made to simplify exception handling, with options such as: recycling payments and prepayments, posting adjustment to G/L or customer accounts, attaching documents, and taking bulk actions to save time.

Information part (right screen)

Keep an eye on remittance advice or any other document image while working on it.

Help messages & smart suggestions

Advanced search

Many filters are available to quickly find what you’re looking for (invoice, payer, etc.).

Smart suggestions

If multiple allocations are available, smart suggestions powered by Esker Synergy facilitates decision-making for your team. Machine learning is used to improve the accuracy of these suggestions over time.

Help messages

Aids the user in understanding why a manual intervention is needed.

Tooltips & warnings

Informs users of disputed amounts, invoice validity date, deduction validity and more.

Collaborative tools

Internal conversations

Interact with your coworkers directly from the allocation form, breaking silos in your company while keeping track of all information along the workflow/process.

External conversations

Start a conversation with a customer using message templates, or process documents from messages to save time.

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Improve visibility into cash inflows & allocation performance

Visualise data at-a-glance
All payment information is available in one fully customisable dashboard. Give more visibility to your team and improve data-driven decision-making!
Focus on KPIs that matter
Improve performance monitoring with real-time KPIs on auto-allocated payments, allocation by user and unapplied cash.

Track remittance advice automation trend
Keep an eye on the volume of remittances automated month by month, the number of fields auto-populated, etc., while providing clarity on where the automation rate could be improved.
Create, customise & share insightful reports
Benefit from standard reports on:
- Allocated payments (by user, by payment type, etc.)
- Unapplied cash
- Payment allocation details
- Make your own customised reports if needed

Seamless ERP integration

Real-time payment
reconciliation for SAP customers
Benefit from our pre-built SAP connector for Esker Cash Application, providing a fast, flexible and secure allocation for all customer payments.
Esker Rest API
We offer communication through web services, for a modern and reliable connection.
Output reconciliation file
With all reconciled payments can be extracted and picked up by the customer to clear the accounts in their ERP.