Automated Cash Application Solutions

Cash Application Automation for Straight Through Processing

Each time your accounts receivable (A/R) members have to manually review a payment, it costs you money

Checks. ACH/EFT. Credit Cards. Debit Cards. Mailed-in Payments. Called-in Payments. In-person Payments. Online Payments. Mobile Payments. 

The list goes on...

Your internal A/R employees are tasked with matching payments to customers' accounts with a large majority of human intervention associated with incoming payments. Turn to A/R automation and cash application software to automatically reconcile payment data with little to no manual effort.

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ETran by FTNI

As your customers' preferences continue to evolve, especially with the introduction of new payment technologies in recent years, so too will the operational demands of your A/R organization and cash application process of posting payments into your back-office solution.

For far too long, manual A/R practices have resulted in additional resources and costs as highly error-prone cash application processes have dominated the day-to-day efforts of a growing number of your resources.

There has never been a better time to streamline and automate cash application, elevate exception handling, and achieve true straight through processing on a single receivables processing platform. 

Discover ETran by FTNI today to automate your cash application process.

Fully-Integrated Cash Application Automation

Accept, process and post any payment method, from any payment channel—all on a single, truly integrated receivables solution.

Accept, process and post any payment type—check (RDC), ACH/EFT, credit and debit card, cash—from any payment channel—mailed-in, lockbox (in-house or outsourced), called-in, in-person, AutoPay (automatic debit), online, mobile—all from a single, secure platform.

Speed and automate your cash application operations with configured integrated receivables technology that starts where your needs are today, and evolves with your accounts receivable processes for years to come. 

The ETran solution suite comes equipped with Electronic Invoice Presentment & Payment (EIPP) and Intelligent Invoice Matching technology to seamlessly auto match payments to open invoices. In order to match invoices to unapplied payments, ETran takes in files feeds nightly (or multiple times throughout the day) of your business' invoices and uses auto-linking capabilities.

Achieve automated electronic invoicing and matching with ETran by FTNI. With the allocation of invoice matching automation, your A/R team will be able to focus on more strategic tasks such as exceptions and reports. 

ETran seamlessly integrates with any back-office/ERP system in either batch or real-time to accelerate and automate the cash application process by automatically applying all customer payments and data with accuracy.

ETran uses machine learning technology for data capture to post remittance information to your back-office system(s) for reconciliation.

Convenient and efficient Software-as-a-Service (SaaS) delivery and artificial intelligence (AI) powered services—easily add new locations, methods, modules, and channels as your business needs grow and evolve.

Implement and use a modular, cash application software to speed your accounts receivable process and grow your company.

Complete oversight, visibility and direct access to all your receivables items via a single, unified interface.

Internal A/R teams can also ensure oversight by utilizing ETran's robust search and reporting tools for company analytics. Tailored to your unique requirements, search and report can provide actionable insights and improvements for your business and customers. 

ETran adapts to your ever-evolving business needs. Agnostic by design, ETran helps maximize flexibility and scalability by being compatible with your existing relationships. The ETran Integrated Receivables solution seamlessly integrates with your back-office systems, bank, financial institutions and merchant processors.

Streamline business rules, tasks, workflows, and exception handling to increase efficiencies and save time and cost in your accounts receivable organization.

ETran is configurable down to the user-level across multiple sources, brands, LOBs, locations, customers and more.

Enable enhanced security, support and privacy. With ETran's flexible, SaaS architecture, the result is multiple layers of compliance and proactive security.

First, you'll gain PCI and HIPAA compliance directly at the ETran site layer. Second, you'll benefit from industry-leading proactive security and an additional layer of compliance (PCI, HITRUST/HIPPA, SSAE16 and more). For more information, visit our hosting partner, Armor.

Cash Application + The Tools You Need

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Advanced RDC

Quickly and affordably deployed, configured and supported remote deposit capture (RDC) to focus, improve and accelerate check remittance data acceptance, processing and posting—from your back-office to the bank.

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Online Electronic Payments

Offer your customers the functionality to make convenient, contactless payments online through customer portals with the addition of Electronic Invoice Presentment & Payment (EIPP) and Intelligent Invoice Matching.

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Mobile Payments

Reduce DSO and experience a mobile payments transformation by securely accepting checks, ACH, and credit cards in the field via the ETran Mobile app, or by integrating mobile APIs/SDKs into your existing application.

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AutoPay

Easily accept and manage recurring electronic payments based on customers' unique pay terms and open invoices with the ability to send proactive email reminders and payment receipts with a click of a button.

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Lockbox Processing

In-house or outsourced lockbox processing that delivers the flexibility and configurability you need to streamline the acceptance, processing and posting of all the lockbox data and remittance items.

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APIs & SDKs

Securely and compliantly embed payment acceptance functionality into your existing webpages, interfaces and mobile applications for a seamless user experience for your customers and accounts receivable automation for you.

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Any Back-Office System. One Platform.

Accept any incoming payment, from any payment channel, and apply cash to any back-end/ERP accounting platform—all from a single, SaaS solution.

Achieve cash application automation with solutions that can auto match payments to customer accounts and post the remittance data to your back-office accounting software. Streamline your cash application process with true A/R automation. And, ultimately, put a 'stop' to silos in your accounts receivable operations.

Stop A/R Silos

Cash Application Resources & Content

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eBook: Integrated Receivables

This eBook will help your company when you're faced with putting a cash application automation solution in place. In this book, you will understand the key challenges to overcome AND a checklist to identify and select a solution to meet your needs.

Download Now
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IR Spotlight: Shamrock Foods

In this episode of FTNI's True Integrated Receivables Spotlight Series, Patty King, Director of Credit, Shamrock Foods, joins Zac Robinson, Senior Vice President of Sales & Marketing, FTNI, to discuss how Shamrock Foods has been able to transform its cash application operations.

Listen Now
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Demo: ETran Product Overview

Watch our ETran demo video to learn how to streamline A/R efforts on a single platform. ETran accepts, processes and automates cash application—all in a single pass with straight through cash posting. If you've been waiting for a configurable payments platform, this is it.

Watch Now

A/R Automation Solutions to Streamline Your Order-to-Cash Processes

Streamline and accelerate your accounts receivable process and cash application operations with true integrated receivables. By implementing a machine learning, flexible A/R automation solution, you are able to improve your collections and order-to-cash lifecycle,  and update your manual processes—all on a single, SaaS platform.

Discover receivable automation to free your cash application process from error-prone, manual tasks, and find true A/R efficiency.

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Frequently Asked Questions: Cash Application Automation 

Unlike a dashboard that only displays transactions from siloed, legacy receivables systems, a truly integrated receivables product accepts, processes and posts any payment type—check, ACH/EFT, credit card, debit card, cash—via any payment channel—mailed-in, lockbox, called-in, in-person, online, mobile—on a single, secure (and compliant), SaaS platform. 

By streamlining and automating accounts receivable operations, true IR solutions and cash application software cut down or eliminate tedious, manual, time-consuming processes, allowing your internal team to spend more time on higher value functions such as exception handling.  

Integrated receivables are desktop applications, hosted in the cloud, that enable users with the functionality to accelerate and automate payment processing through automated workflows on a single interface. 

True IR platforms are agnostic by design, maximizing efficiency, flexibility and scalability by being compatible with your existing banks, merchant processor, back-office systems, and check scanning hardware. Agnostic receivables management means you don’t have to change or rebuild existing receivable functions as your needs change today, tomorrow and years into the future.

ETran is a cloud-based, modular solution suite delivered in a SaaS model. Software-as-a-service delivery means significantly reducing, if not completely eliminating, all costs associated with having hardware and software managed on-site, as well as the dedicated staff needed to manage the on-premise systems.

With this form delivery, there is no requirement for dedicated IT staff to go through tedious cycles of upgrading systems or hardware on an ongoing basis. ETran's system is able to automatically check for the latest updates so that users can have seamless access to the newest version every time they login. 

Through the use of ETran, you are able to automate and streamline the cash application process. By allowing internal teams to have complete oversight of all incoming payment data, payment information is able to be automatically sent for review, processing and cash posting into your back-office system(s).

ETran's cash application automation features automatically extract remittance data from payments received throughout the day and applies cash to your back-end accounting system(s). All information is available with real-time data within your accounting/ERP system.

Automated cash application solutions help to solve the key challenges many businesses and their internal A/R teams face. By automating your cash application, you are able to streamline the receivables process and get paid faster.

Your organization will benefit from complete control over all incoming remittances and collections with the addition of automated application of all details. Additionally, your team will benefit from fewer manual disputes and efforts by having all data automatically applied to your back-office via machine learning technology. 

Automate Your Cash Application Today