Get PaidYou may know it as accounts receivable
Remittance extraction and cash matching
Read remittance advices and bank references, match receipts to open invoices, and post confident matches; partial, short or unidentified payments go to a person.
What to expect: ideas for what could change, what you need first, and how to test whether it helps. Nothing here is a measured result.
- Impact: High
- Ease: High
- Prep: Light
Indicative rating based on the workflow described. Your readiness and implementation effort may differ.
Evidence status: Editorial / indicative assessment
What it does
This step still relies on manual effort, which holds back: Automatic match rate; Unapplied cash older than 5 days; DSO.
Who does what
AI does the work. A person reviews the results and signs off.
What it could move, and how you would check
Of the five measures below, this use case may help three. These are expected effects to test against your own baseline, not measured results. The last column says how to check each one.
| Fact | Expected effect | Why |
|---|---|---|
| Process steps | Not directly addressed | This use case does not directly change the number of steps. |
| Cycle time | Possible downstream benefit | Work may wait less between tasks, so items can finish sooner. |
| Exception loops | Possible downstream benefit | Fewer items may go back for rework. |
| First-time-right rate | Potential direct benefit | More items may be right the first time, with no one fixing or chasing them. |
| Cost per invoice | Not directly addressed | This use case does not directly change the cost of each item. |
What you need first
This is an illustrative improvement approach, not a final solution design. The workflow, level of automation, integrations, and review requirements will depend on your existing tools, available capabilities, data quality, company policies, and team needs. Confirm these during discovery and a controlled pilot before implementation.
Ease of getting started: High. Suitable tools exist, and most of the setup work is light.
- Bank feeds into the ledger
- Remittances received in one central mailbox
- Accurate open-item data
- Confidence threshold for automatic matching
- Unmatched and partial receipts reviewed daily
Evidence to keep
- Match log with confidence and reviewer
- Daily cash reconciliation
- Monthly spot check of automatic matches
What can go wrong, and how a pilot would show it
- Cash applied to the wrong invoice or customer
- Short-pays hidden inside automatic matches
Your next step
Centralize remittance advices in one mailbox. Measure the current match rate and the aging of unapplied cash.
The pilot steps are under "See how to test it" in the Ways to start panel. Paid support is optional: use Get implementation support if you want help.