Speed up cash application with accounts receivable automation.
Instantly and accurately apply customer payments to invoices and reduce unapplied cash.
A Cash Application Portal for Everyone
The OAN Cash application streamlines cash payment processing by bringing together people, processes, and technology. It simplifies and automates mundane tasks, freeing up the Accounts Receivable team to focus on more valuable collection strategies, enhancing customer engagement, and ensuring timely customer payments.
Our application accommodates multiple input formats and employs various data extraction methods and tools to generate tasks. These tasks are then assigned one of our pre-built and pre-configured workflows, which support a range of business cases from start to finish.
Our orchestration combines automated processes, like our proprietary cash receipts mapping, with human oversight for handling exceptions. Additionally, our prebuilt connectors for Oracle ERP facilitate seamless implementation.
For organizations with multiple ERP systems, our application serves as a centralized entry point and process, streamlining operations globally. And if you’re seeking to improve your cash application process without the hassle of upgrading or updating ERP systems, the OAN Cash application is the solution you need.
Benefits
- Synchronization of open invoice data from your ERP system to facilitate application of cash.
- Use of various AI models to extract remittance information
- Automatic import of bank statement BAI2 files
- Data visualization aids to identify the physical position of your extracted remittance data
- Proprietary OAN Learning ™ – Automated cash receipt algorithms
Ability to prioritize incoming documents for processing - Pre-Built Workflow to account for human in the loop and exceptions
- Human touch point screens to search and apply receipt(s) to specific invoices, create receipt write-offs, invoice adjustments without chargebacks and invoice adjustments with chargebacks – all from a single screen.
- Pre-built connector to Oracle ERPS to create applied cash receipts.
Ability to store and retrieve cash application related documents from our content repository system called - OAN Business Docs ™, Oracle’s WebCenter content repository or natively within your Oracle ERP system
OAN Cash Application improves the invoice-to-cash cycle by reducing the time needed to apply payments. When a customer payment is received, OAN Cash Application utilizes OAN Learning(TM) to accurately apply the payment to customer invoices in your ERP.
Leverage OAN Cash Application automation to eliminate manual accounts receivable processes, gain visibility and control, and achieve the most efficient orchestration of your invoice-to-cash process.
OAN Removes the Guesswork
Enable finance and accounting teams to focus on more strategic activities by reducing manual inefficiencies and automating reconciliation processes. Account Reconciliations provides accountants with an intuitive interface that includes standardized templates, workflows for preparation, approval, and review, linkage to policies and procedures, and integrated storage of supporting documentation.
OAN Remittance Management
The Remittance process is a slow, labor-intensive, and repetitive process that can consume significant resources. With OAN Cash Application, users benefit from our OAN Learning(TM) platform. This means documents are captured, auto-matching process, and orchestrated into your ERP while capturing all the steps and human actions to support a full internal audit.
OAN Platform – Quick Ramp up Time
Our Pre-built payment application rules were developed from our years of ERP experience and from our vast industry specific knowledge. Our OAN platform, combined with our ability to seamlessly integrate with your ERP systems, enables our Cash Application customers to achieve an enterprise level auto-matching rates that you expect from our software.
Explore the benefits of Cash Apps
Available in the Oracle Marketplace
Find out how OAN Cash Application can help you.
Call 303-478-5763 to schedule a demo with one of our senior team members or fill out our contact form to learn more.