Cash Application Cloud Software: Driving Speed and Success in AR Automation

Cash Application in the Cloud

A Powerful Cash Application Cloud Solution

Alevate CashApp – Your Best Choice for Cloud based Cash Application Automation

Is your finance organization wasting too much time and energy handling complex, manual and repetitive tasks? Are you suffering from lack of transparency and fragmented processes? Then you need to automate your cash application process to drive success – in order to cash in general and accounts receivables in particular.

Achieve automation rates of up to 99% with our cash application cloud solution for customer payment reconciliation: Alevate CashApp.

Uniting many years of experience in cash application business process design with the latest cloud computing technology, Alevate CashApp provides you with a future-proof solution for agile and scalable cash application in the cloud.

Cash Application Cloud Technology

Alevate CashApp improves your cash application process and integrates with your ERP system, improving automation, accuracy and transparency of your accounts receivable process – and it is easily scalable across your entire organization:

Reduce unapplied cash and update customer accounts first thing in the morning
Monitor important KPIs and gain full transparency of the process
Standardize and centralize your cash application process on a global scale for more quality, security, and compliance
Apply cutting-edge cloud technology with a responsive user interface that works with any ERP

Speed up cash application with our agile and highly flexible AR cloud solution

Allocating and matching customer payments has never been easier and faster. Our cash application cloud based solution enables you to intelligently automate your cash application and easily process, payment information from various formats, including bank statements, remittance advice, lockbox, checks, and PSP settlement files.

Our highly automated and cloud based solution Alevate CashApp helps you to:

Achieve up to 99% automation rates
Reduce unallocated cash by up to 90+ %
Minimize bad debt and improve pre- and follow-up processes in your order to cash cycle
Improve your DSO and optimize your working capital by getting in cash faster

Benefits

See what our cash application cloud solution can do for you

Accounts receivable automation

End-to-end cash application in the cloud without time-consuming and error-prone manual activities

Intelligent integration

Endless connectivity with banks, payment service providers, customers and portals as well as accounting systems

Accelerated cash application process

Automated data and file retrieval – easy and fast exception handling to reduce costs

Compelling user experience

Modern user interface with flexible dashboards, AI matching and chatbot support

Facilitating digital transformation

Paperless, digital accounts receivables processing, empowering teams to work from anywhere – offices, home, remote

High security

Meet regulatory compliance and fraud protection requirements with precise anti-money laundering screening

Still have questions?

Serrala optimizes the Universe of Payments
for organizations that seek efficient cash visibility and secure financial processes.

Schedule a Demo

Key Features

Plug & Play

Fast implementation times, no hardware required, scalable to your business needs

Standardized processes

Accurate and high quality cash application process integrating with different ERP systems

Secure and reliable hosting

State-of-the art cloud technology and maintenance, ensuring your data is safe at all times

24/7/365

Mobile and web access enabling capability around the clock

FAQ

What are the benefits of a cloud-based cash application solution?

Cloud users will benefit from a highly standardized, secure and scalable cash application solution. Working with any ERP system, our cloud-based “Alveate Cash App” solution is a corner stone of your AR Automation, providing more accuracy and transparency paired with a compelling user experience.

What if I still have several systems running on-premise, will I still be able to use them?

Moving more and more business to the cloud is one of the main trends for corporates. Key financial processes will still remain on-premise for quite some time. But there is no contradiction: you can easily combine cloud solutions with on-premise systems. Using a hybrid cloud setting you can benefit from multi-ERP capabilities, a centralized view across all enterprise systems, secure end-to-end processes, and scalability to individual requirements.

When it comes to the cloud – what about data protection regulations like GDPR?

Such regulations are actually made for the digital era. To be sure that they are adhered to, look for certified providers – e.g. for ISO 27001 – that are compliant with privacy regulations.

How secure is the cloud?

As the KPMG Cloud Threat Report 2020 has revealed, the majority considers public clouds as more secure and resilient environments. 75 % of the respondents said that they view public clouds as ‘much more secure’ or ‘more secure’ than what they can deliver with their on-premises environment. The reason may be that cloud vendors have the specialized resources and experience to stay ahead of cyber threats. Companies benefit from best practices of which are incorporated into cloud solutions. In addition, security patches to protect software from cyber-attacks are much easier to deploy with cloud solutions.