Increase TIF/PDF Lockbox File Automation

North American Corporations use bank lockboxes to shorten their payment cycles by
leveraging geographically disbursed lockbox locations. Banks scan the received checks and
remittance advice into TIF or PDF image formats.

Many corporate Cash Application Departments manually post the cash received in lockboxes
by having workers sit in front of two screens; one to view checks and remittances downloaded
from bank portals and another with an ERP session that is used to manually match and apply
the cash.

Cforia Software automates processing of TIF / PDF lockbox files through the combination of
OCR technology and our Auto Matching Engine.

Eliminate manual keying of TIF/PDF lockbox files:

  • Leverages custom OCR scanning templates to process the largest remitters with maximum
  • Process smaller customers off an "OCR Friendly Billing and Remit Statement".
  • Scan unformatted remittances with Intelligent OCR Scanning Templates.
  • Auto Matching against entries in ERP GL and SD tables.
  • Find and replace incorrect customer numbers such as Purchase Orders, Sales Orders and A/R
    system concatenated Invoice Numbers with the correct Invoice Number that will auto post into
    your ERP.
  • Auto Coding of customer short pays, deductions and disputes.
  • Reconcile and approve a batch of cash for posting from a workstation that has optimized
    workflows prior to posting into the ERP.
  • Post into your ERP system via BAI2 and flat file formats or server side scripting.
  • Supports multiple sites and ERP systems including SAP, Oracle, PeopleSoft, Baan, Lawson, JD
    Edwards, BPCS, MAPICS, Microsoft Dynamics NAV, QAD and many more.

Key Features:

  • TIF/PDF Lockbox Files
  • Increase Productivity 100%
  • Avoid BAI2 Bank Fees
  • Auto-Matching GL Entries
  • Auto-Matching SD Entries
  • Automate Deductions Coding
  • Real-Time Data Integration

North America Bank Lockbox TIF/PDF Image Processing

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<< “There are many companies
who promise productivity gains.
Cashbook actually delivered a
50% reduction in headcount."

- Anthony Coleman
Director Financial Systems
Exide Corporation
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