CASH APPLICATION

Cash Application Software That Replaces Spreadsheets

Bank statements are parsed, matched to open invoices, and cleared automatically. From 85% to 95%+ match rate within 90 days. Handles any remittance format, no templates to maintain.

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ClearMatch AI cash application platform showing bank statement processing, intelligent matching, and auto-clearing
TRUSTED BY ENTERPRISE FINANCE TEAMS
SyngentaPwCGranViaEngieEberspaecher
Accuracy

85–95%

Match rate

Speed

<8 min

Remittance to posted entry

Extraction

80–90%

Straight-through processing

DOCSENSE

From documents to actions

Vision Language Models read any document · invoices, remittances, credit memos · extract structured data, and trigger downstream automation instantly.

DocSense VLM pipeline showing unstructured documents flowing through AI extraction to structured data and straight-through processing

INTELLIGENT MATCHING

Five layers of matching intelligence

Reference parsing, amount matching, pattern recognition, fuzzy logic, and historical behavior analysis work together to resolve even the most complex payment scenarios.

Reference parsing

Reference Parsing

Extracts invoice numbers, PO references, and customer IDs from free-text payment descriptions

Amount matching

Amount Intelligence

Handles partial payments, overpayments, rounding differences, and multi-invoice settlements

Behavioral patterns

Behavioral Patterns

Learns each customer's payment habits to predict and resolve ambiguous matches

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ClearMatch AI cash application matching engine showing bank statement, invoice matches, and auto-clearing results
Document intelligence extracting fields from invoices with confidence scores and three-way match validation

REMITTANCE INTELLIGENCE

Read any remittance format, zero templates

Vision Language Models understand invoices, bank statements, and remittance advice across any format. No OCR templates, no regex rules, no manual configuration.

Bank statement processing

Bank Statements

MT940, CAMT.053, BAI2, and proprietary formats processed in real-time

Remittance advice parsing

Remittance Advice

PDF, email body, Excel attachments parsed with semantic understanding

ERP integration

ERP Integration

Matched payments posted directly to SAP, Oracle, or any ERP via API

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AUTO-POST

From matched payment to posted journal entry

Every matched payment generates a validated journal entry, checks it against your posting rules, and clears it in your ERP. No manual intervention, full audit trail.

Validation

Pre-post Validation

Every entry checked for balance, period, currency, and GL account before posting

ERP

Direct ERP Posting

SAP, Oracle, NetSuite, or any system via API. Real-time, not batch.

Audit

Exception Handling

Unmatched or uncertain items route to a review queue with full context and AI recommendations

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Automated journal entry generation with validation, debit credit balancing, and direct ERP posting

HOW IT WORKS

From document to posted entry in seconds

Three steps. Fully automated. No manual intervention required.

1

Extract

DocSense reads remittance advice, bank statements, and payment emails from any source. Vision Language Models extract structured data with 97.2% accuracy.

2

Match

AI applies five layers of matching logic to pair every payment with the right invoices, handling partials and deductions.

3

Post

Journal entries are auto-generated, validated, and posted to your ERP. Exceptions route to a review queue with full AI context and audit trail.

CAPABILITIES

Built for enterprise cash application

AI-native

AI-native, not AI-bolted-on

Purpose-built matching engine using Vision Language Models. No OCR templates, no regex, no brittle rules that break on format changes.

Learn more about CollectPulse →
Multi-currency

Multi-currency, multi-entity

Handles EUR, USD, GBP, BRL and 40+ currencies. Consolidation across entities with local-currency precision.

Learn more about CashPulse →
ERP integration

ERP-agnostic integration

Posts to SAP, Oracle, NetSuite, or any system via API. Journal entries generated, validated, and cleared automatically.

Learn more about ClaimIQ →
Straight-through processing

Straight-through processing

96% of payments matched and cleared without human touch. Exceptions route to a review queue with full AI context.

Meet Vero, your AI agent →

Ready to automate cash application?

See ClearMatch in action with your own data. First payments matched in days.

With Transformance our Cash App team reduced manual work from 15 hours per day to less than one hour. The AI handles even our most complex multi-currency settlements and remittance formats we thought were impossible to automate.

Head of Accounts Receivable

Global Media Company

BEFORE vs AFTER

The difference is measurable

Before

Manual cash application

x3 FTEs dedicated to matching
x45 min avg per bank statement
x12% unmatched items weekly
xTemplate breaks on format changes
xNo visibility until month-end
After

With ClearMatch

96% straight-through processing
4.2 seconds per statement
99.7% extraction accuracy
Zero templates to maintain
Real-time cash position visibility

Enterprise-grade security and compliance

GDPR

GDPR Compliant

ISO 27001

ISO 27001

Encryption

End-to-end encryption

Audit trail

Full audit trail

FAQ
1 What is cash application software?
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Cash application software matches incoming payments to open invoices automatically, posts the cleared items to your ERP, and flags exceptions for review. It replaces the manual spreadsheet matching that most AR teams still run today.
2 How does AI cash application work?
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AI reads the remittance document (PDF, email, EDI, or bank portal download), extracts payment details, matches them to open invoices using a mix of deterministic rules and machine learning, and routes exceptions to a human. Vision language models handle new formats without template training.
3 What match rates should I expect?
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ClearMatch runs at 95%+ straight-through processing. Payments move from remittance to posted journal entry in minutes, not hours. Vision language models handle new document formats without template configuration, so accuracy holds even when customer remittance layouts change.
4 How long does implementation take?
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Full rollout, including ERP integration and remittance capture, takes 4 to 8 weeks. First payments are typically matched within days of kickoff. No template training. No dedicated admin required.
5 Which ERPs does it integrate with?
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ClearMatch connects to SAP, Oracle, NetSuite, and Microsoft Dynamics out of the box. Bank statement ingestion supports MT940, CAMT.053, and BAI2 formats. Posting is validated before it touches the ERP.
6 Can it handle PDFs and unstructured remittances?
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Yes. ClearMatch uses vision language models that read documents natively. It handles PDFs, scanned images, email bodies, and portal downloads without template configuration. Accuracy is 99.7% on structured remittance data and 96.6% on complex multi-column tables.
7 How is it priced?
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Pricing scales with users, transaction volume, and AI usage. Pilots run on a slice of your AR data so you can measure match rates and time savings before you commit. No upfront template configuration fees.
8 Is it secure for enterprise finance data?
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ClearMatch deploys inside your VPC. Financial data never leaves your cloud boundary. The platform meets ISO 27001 standards, supports SSO/SAML and RBAC, and logs every action for audit.
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