Complete Guide to Cash Application: What it is and How to Improve it

March 15th, 2023

Learn the steps in the cash application process, discover the key challenges finance teams face, and see how advanced cash application automation can:

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✓ Transform your accounts receivable

✓ Drive efficiency and reduce manual labor

✓ Make matching payments with open receivables simple and easy

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Plus, get tips on selecting the right partner for your advanced cash application automation solution.

Preview of the Complete Guide to Cash Application eBook

What to expect from the guide

Cash application is a critical component of your accounts receivable operation and focuses on matching incoming payments with customer accounts and the correct open receivable invoices. 

It is also time-consuming and error-prone, yet completely necessary to marry payments received with company billings and invoices. It impacts many aspects of the business—especially working capital and the utilization of resources.

This guide covers everything you need to know about cash application: from what it is and how it works to what you should look for in an advanced cash application automation solution.