Automate cash application to achieve 95%+ straight-through cash posting direct to Sage Intacct
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.
Requirements:
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
About:
Global PayEX is a US based J.P. Morgan-backed Fintech SaaS that offers AI-driven platform enabling Account Receivables and Account Payables (AP) automation.
We enable businesses across industries to: