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5 Tips for an Automated Cash Application Process

Gaviti

As a result, they have increasingly turned to automated cash application to adapt to these challenges. What is Automated Cash Application? Traditionally, this cash application process has been 100% manual, consuming resources and leading to a high risk of human error. It is scalable.

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How AI Can Mitigate B2B Collections Risks

Gaviti

These include: Automate cash application and remittance. More accurate payment matching and precise application and reconciliation of payments reduces errors and avoids disputes. This should include all relevant information about the customer, including the invoice, amount, purchase number, etc.