Global PayEX’s AlgoriQ is an AI-powered cash application automation solution designed to streamline AR management for Sage Intacct users.

It automates the following processes:

- Remittance Capture and Interpretation

- 3-way Reconciliation

- Cash Posting

- Deductions Management (with n-way reconciliation)

- Payment Follow-ups

AlgoriQ employs OCR, NLP, and Large Language Models to achieve industry-leading match rates. It provides 2-way and 3-way (expandable to n-way) real-time reconciliation across diverse document formats and provides a hierarchy-based dashboard for AR health.

It incorporates tertiary data sources and has a built-in deduction module with Natural Language-based deduction reading, AI-driven deduction resolution, and real-time tracking against budgeted targets. When exceptions are processed, the system automatically improves and learns how to handle new exceptions without programming.

AlgoriQ enables zero-touch cash posting to reduce manual effort while providing global compatibility, seamless ERP integration, and real-time AR health alerts.

Key Benefits:

1. 95% Reduction in ERP Posting Time 
AlgoriQ accelerates the cash application process by minimizing manual intervention in payment matching and ERP entries, allowing teams to focus on strategic AR activities. 

2. 100% Faster Payment Advice Processing 
With AI-powered extraction and auto-matching, AlgoriQ eliminates the delays in interpreting remittance advice, improving turnaround times. 

3. 90%+ Accuracy in Payment Matching 
Using advanced AI models, the platform consistently achieves high accuracy in cash reconciliation, even when dealing with incomplete or unstructured remittance data. 

4. Complete Visibility & Real-Time Alerts 
The hierarchy-based AR dashboard offers 100% improved visibility into receivables performance, while real-time alerts flag issues like excessive deductions or delayed payments. 

5. Smarter Deduction Handling  
AlgoriQ’s AI-driven deduction module identifies root causes, suggests resolutions, and improves with every exception handled—enabling scalable dispute resolution without reprogramming. 
 

Key Features for Sage Intacct Users: 

1. Auto-read and process payment data – Automatically extracts data from multiple formats, including payment advice, bank reports, and trade scheme deductions.

2. Automated invoice matching and adjustments – Matches invoices with payments and automatically applies credit/debit notes.   

3. Multi-currency and FX rate integration – Supports cross-currency transactions with real-time exchange rate adjustments. 

4. Intelligent dispute management – Uses AI-driven rules and automated emails to auto-respond and auto-adjust disputes, with manual override for exceptions.

5. Configurable dunning – Automates payment follow-ups with customizable alerts.

6. Rules-based processing – Ensures accuracy with round-off rules and auto-computes withholding tax.   

7. AI-powered reconciliation and error handling – Uses machine learning to resolve incomplete inputs and reconcile pending payments. 

8. Multi-bank capability and flexible offsets – Supports unlimited collection banks and allows manual offsets for specific cases. 

9. Configurable threshold alerts – Automated notifications to AR teams for overdue payments, excessive deductions, and more, enabling proactive risk management.

10. AI-based decision support & analytics – Auto-suggests resolutions for disputes and partial payments and provides buyer insights to enhance revenue strategies.

11. Tax reconciliation module – Auto-reconciles buyer-uploaded tax filings with withholding tax provisions and accelerates input tax credit claims through auto- reconciliation in the absence of complete information.

12. Multi-party notifications –  Sends automated notifications and enables communication between multiple stakeholders involved in the payment and reconciliation process. 

 

Requirements:

Integrating with this application requires you to use the partner’s SenderID. By using the partner’s SenderID, you do not need to buy a web services developer license from Sage and your API usage will not count towards your API performance tier. Sage may prevent customers from integrating with this application under their own SenderID.  However, Platform Services is required.

Price:
Implementation fee + Annual license fee (depending on size of the company / volume of transactions)

Integration Approved Countries:
United States