Cash Application Automation demo
Remittances read wherever they arrive, matched to open invoices and checked to the cent. 1:31
What the demo shows
Matches incoming payments and remittances to open invoices and resolves short pays
The home screen is the payment explode view. The day's payments run across the top as a strip of tiles, and one payment fans out to every invoice it pays, each line labeled with the amount applied. Short pays split off on an amber branch toward deductions. Agents read the remittance wherever it arrived, match it, tie each short pay to the clause of the customer's agreement, and a second agent adds it all up on its own, to the cent, before anything moves. The cash application lead signs what the policy reserves for that role, the posting lifts the customer's credit hold, and rules learned from the lead's choices wait for the controller's approval.
Transcript
- Cash Application Automation matches payments and remittances to open invoices for receivables teams.
- The hard fact, the median team matches only 70% without a touch.
- Halcyon Foods paid by ACH.
- The remittance came later by email.
- The reader took all 41 lines and caught two transposed digits.
- The matcher fans the payment out to every invoice it pays.
- Two short pays split toward deductions, tied to Halcyon's promotion agreement.
- A second agent, the checker, re-adds it all.
- Zero difference. Short pays over $500 need Mia, the lead, to sign.
- It posts, and credit is asked to release Halcyon's held orders.
- Rules learned from Mia's choices wait for the controller's approval.
- Every line cited, every decision signed, every step logged.
- 76% touchless this week.
- Old, unapplied cash down by half.
- Built on Botminds: agents, data, screens, and governance on one platform.
Transcribed from the film’s narration. Captions are on the player.