Cash Application
Speed up cash application with automation
Instantly and accurately apply customer payments to invoices and reduce unapplied cash. OAN streamlines cash payment processing by bringing together people, processes, and technology.
- Oracle partner
- 8 to 12 weeks to go live
- SOC 1 and SOC 2 Type 2 certified
The challenge
Unapplied cash and AR backlog
Remittances come in every format, and I key each one against invoices.
Our DSO stays high even when the customer has already paid.
Every short payment needs research my team has no time for.
With cash unapplied, I cannot see today's real cash position.
What you get
Everything your AR team needs to apply cash faster with fewer errors.
Receive and match
- AI payment matchingAutomatically match incoming payments to open invoices using AI that learns your customer payment patterns.
- Remittance processingProcess remittance advice in any format: EDI, email, PDF, spreadsheet, or lockbox files.
- Customer portalSelf-service portal where customers view invoices, make payments, and manage their account.
Resolve exceptions
- Exception handlingAI identifies and categorizes exceptions. Suggested resolutions based on historical patterns.
- Deduction managementIdentify and route deductions for investigation. Link deductions to trade promotions or dispute workflows.
Connect and control
- ERP integrationNative integration with Oracle EBS and Fusion AR. Payment data syncs bi-directionally in real time.
- Cash forecastingReal-time dashboards show cash position, application rates, aging, and team performance.
- Audit trailComplete audit trail for every payment application action. SOC 1 and SOC 2 Type 2 certified.
See it in action
Intelligent cash application
See how OAN automates payment matching and gives your team real-time cash visibility.
A cash application portal for everyone
Whatever your data looks like, we handle it. Our platform accepts multiple input formats and intelligently extracts the information that matters, automatically generating tasks and routing them through pre-built workflows tailored to your business needs.
- 60-80% less manual processing
- 50-70% faster cash application cycles
- 25-40% faster discrepancy resolution
- Up to 90% auto-matching accuracy
OAN removes the guesswork
Enable finance and accounting teams to focus on strategic activities by reducing manual inefficiencies and automating reconciliation. Standardized templates, workflows for preparation, approval, and review, with integrated storage of supporting documentation.
- Automated reconciliation processes
- Standardized templates and workflows
- Integrated document storage
OAN remittance management
Matching customer remittance to payment is slow, labor-intensive, and repetitive. With OAN Cash Application, documents are captured, auto-matched, and orchestrated into your ERP while capturing all steps and human actions for full internal audit.
- OAN Learning auto-matching platform
- Full audit trail of all actions
- Seamless ERP orchestration
Quick ramp up time
Pre-built payment application rules developed from years of ERP experience and industry-specific knowledge. Combined with seamless ERP integration, Cash Application customers achieve enterprise-level auto-matching rates.
- Pre-built payment rules from ERP expertise
- Industry-specific matching algorithms
- Enterprise-level auto-matching rates
Native connectors for EBS and Fusion AR
Independently audited controls
Listed and deployable on OCICustomer success
Trusted by AR teams
“We chose oAppsNET to help streamline our current Cash Application process as we just migrated to a new ERP system. They did not take the one-size-fits-all approach and took the time to understand our specific requirements. The time and dedication the team took to fit our needs is unmatched, providing clear and concise direction while listening to our needs and delivering beyond our expectations. The team’s knowledge of our ERP system and how the application fits our needs has been extremely helpful. We are so pleased with oAppsNET that we asked them to help with some other, more complex, accounting processes that other companies said they just could not accomplish. oAppsNET gladly accepted the challenge. We have already deployed one of those processes that we never thought would come to fruition.”
FAQ
Frequently asked questions
Everything you need to know about OAN Cash Application.
How does OAN match payments to invoices?
OAN uses proprietary OAN Learning algorithms that analyze remittance data, payment patterns, and customer history to auto-match payments to open invoices in your ERP.
What remittance formats does OAN support?
OAN accommodates multiple formats including EDI, email, PDF, spreadsheets, lockbox files, and BAI2 bank statements.
How does OAN handle partial payments and short-pays?
OAN identifies partial payments and short-pays automatically, routes them for investigation, and can link deductions to trade promotions or dispute workflows.
Can OAN work with multiple ERP systems?
Yes. For organizations with multiple ERP systems, OAN serves as a centralized entry point, streamlining cash application operations globally.
How long does it take to implement Cash Application?
Most organizations are live within 8 to 12 weeks. Pre-built connectors for Oracle ERP and configurable workflows accelerate deployment.
Does OAN provide audit trails for cash application?
Yes. Every step and human action is captured for full internal audit support, including document capture, auto-matching decisions, and manual overrides.
Your pathway to smarter solutions
Download our data sheets for a deeper dive into OAN capabilities, or connect with us to discuss how OAN can benefit your organization.
Ready to explore?
Ready to automate cash application?
See how OAN can transform your cash application process with AI-powered automation.
