Lockbox Auto Cash Application

Cforia Software Accounts Receivable Automation supports Bank Reconciliation,
Lockbox processing and Automatic Cash Application from Remittance Files. File types
include EDI, Hard copy, OCR Scanned, XML, Bank Statement Upload and Electronic
Payments solutions. Interfaced with a wide variety of ERP systems and over 150 banks.

Cforia Lockbox Solution enables companies to achieve straight through
processing from Lockbox files into their ERP System. Our Lockbox Solution
helps companies thrive with:

Matches any bank file or format in the US and Canada.
Standard matching algorithms support invoice amount, invoice number,

purchase order

sales

order, discount amount,

and

due date.

Algorithms can be adjusted to include other specific reference fields.
Automate deduction posting into ERP systems.
Streamline General Ledger write-offs.
Handle unallocated cash.
Posts updates to your ERP’s accounts receivable and general ledger.
Can be deployed across multiple sites, environments or ERP systems

Cforia Automatic Cash Application will greatly reduce a manual matching and keying process. The solution automatically
applies EDI, XML, Excel and hard copy remittance information into AR. The solution also post remittance file discounts,
deductions, rebates and other AR exceptions. Auto Cash Application helps companies thrive with:

Supports EDI, XML, Excel, Scanned, and Hard Copy remittance advice.
Matching rules that can be mapped to support any specific or combinations of fields.
Correct system updates that follow trading partner rules.
Remove duplicate entries and netting transactions.
Auto process Discounts, Deductions, Rebates and other Credit and Debit notes.
Make all updates to your ERP’s A/R and G/L.
Create manual Bank Deposit slips for retail organisations..
Bank Reconciliation Module integration enables efficient reconciliation of AR transactions.

MT940 Cash Application Module is a powerful matching engine that allows users to automatically process European bank
statements. This matching process is based upon rules defined by your Finance department. Cforia's MT940 Cash Application
helps companies thrive with:

Auto reconciliation of MT940 Bank Statements to AR invoice data.
Auto post bank statement data to general ledger codes for charges, interest and sweep entries.
Enables posting to AP invoices to complete cash application straight from bank statements.
Provides one cash processing solution for all your inbound cash.
Keeps track of bank statement numbers with opening and closing balances.
Automated Cash Application that supports multiple banks, companies and environments.
Tolerances and write-offs available.
Auto matching rules based upon Invoice, Sales Order, Branch numbers and more.
System flexibility supports multiple currencies and sites across disparate ERP systems.
Especially suited for shared service centers.

Cforia Bank Reconciliation Module is a powerful matching engine that automates the process of reconciling transactions.
This matching process is definable rules driven.

Auto reconciliation of Bank Statement to General Ledger.
Statement only functionality automatically generates journals for bank charges, interest, and sweep entries.
Unpresented checks can be rolled-over at period end into future reconciliations.
Provides user friendly search and sort functionality.
Matched transactions can be reviewed and reversed prior to posting.
Reconciliations can be created across multiple banks, companies and environments.
Tolerances and write-offs available.
Auto matching rules based upon Invoice, Sales Order, Branch numbers and more.
Performs daily, weekly, monthly or other periodic term bank reconciliations.
System flexibility supports multiple currencies and sites across disparate ERP systems.

Cforia Bank Statement Upload accepts files from most banks and posts AR transactions. AP Payments are confirmed and
automatically processes General Ledger. Cforia's Bank Statement Upload helps companies thrive with:

Upload bank statements across multiple banks, currencies and ERP Systems.
Our work flow driven approval process maximizes throughput.
A flexible rules engine that can be adapted for any Bank.
Algorithms support customer numbers, invoices, sales orders, customer bank accounts, pick list, packing numbers, r
purchase orders, shipment numbers and sales orders.
Support of partial payments, credit/debit notes, unallocated payments, multiple discount terms, foreign exchange gain or
losses, write-offs, bank charges and suspense account postings.
Integration with Excel, Customer Lockbox Modules and Bank Reconciliation supports high and low volume customers.

Cforia Electronic Payments supports Shared Service Centers and can save millions on IT expenditures. Standardize on one
platform that works across multiple divisions and ERP systems to pay all vendors. Electronic payments help companies thrive
with:

Supports International Bank Account Number (IBAN) and other payment formats.
Provide a complete audit trail with Payment Reports.
Enhance security of vendor and employee bank account details.
Auto Email remittance advice to vendors.
Automatically generate vendor payment selection based on funds and other criteria.
A single system that works with multiple sites, environments and ERP systems.
Supports check printing.

Click on this link to view Lockbox Auto Cash Application Webinar replay. Presented by a 20 year veteran.

Click to view cash application background for Greg Coulter.