![Accounts receivable worker sits, looking despondent, facing cash application challenges and worrying about the costs of ignoring them](https://optimise2.assets-servd.host/learned-skunk/production/square-Most-common-cash-application-challenges-and-the-risks-of-not-addressing-them.png?w=1024&h=512&auto=compress%2Cformat&fit=crop&dm=1720039429&s=1100155cae6e3132cb204a00b452c1d7)
AI-Powered Cash Application is Here: Are you Ready?
- 1 min read
For accounts receivable teams, managing a variety of payment types and channels often leads to disorganized remittance and frequent manual-matching errors.
However, leveraging innovative AI-powered solutions such as Versapay's Cash Application solution can offer significant support.
Watch this webinar to learn how
- Automating cash application processes can increase efficiency by an impressive 75%.
- Utilizing AI and machine learning to auto-match payment and remittance data achieves an accuracy rate of more than 90%.
- Cloud-based customer connectivity ensures expedited reconciliation and over 90% straight-through processing.