Cash Application Software

Carixa Advanced Automated Cash Application

Carixa Advanced Automated Cash Application:

Transform Cash Flow with Cutting-Edge Automation

Managing accounts receivable shouldn’t mean endless manual reconciliation or chasing unapplied cash. At Smyyth, we’ve built Carixa Advanced Automated Cash Application to eliminate inefficiencies, accelerate cash posting, and give you real-time control over your receivables. Powered by AI, machine learning, and robotic process automation (RPA), Carixa delivers a smarter, faster, and more accurate way to handle payments from any source—bank files, emails, PDFs, EDI, or checks.

As an option, you can even use our cash application software support teams to complete the job.

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Automatic cash application
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Automated cash application software that integrates for increased efficiency

We configure Carixa Auto-Cash to instantly process payments and match the remittances to invoices, credits, and deductions. If a new deduction or dispute is created, it jump-starts the customer deduction management workflow.

Carixa autonomously connects to get backup data, such as from customer portals, bank systems, and other internal and external systems. It accepts and interprets data, PDFs, emails, and documents in almost any format.

Our powerful, multilevel, multisource matching algorithms and automated debit and credit transaction workflows enable you to achieve the highest automated match rate in the industry.

Auto Cash Automation Benefits

  • 99%+ straight-through processing of remittances from all sources
  • 25%+ gain in collector effectiveness with daily updates of collection queues
  • Self-correcting, machine learning
  • Posts exceptions “on account” and into closure workflow
  • Eliminates 75%+ of work using RPA bots for web portals
  • OCR of checks and remittances eliminates fees from bank lockbox keying
  • Automatically creates and inserts deductions into the Deduction Resolution workflow
  • Optional Trade Promotion module for automatic deduction and trade deal validation

Key Features of Carixa Advanced Automated Cash Application

Carixa Auto Cash Application automation works seamlessly with any A/R system or seamlessly integrated with Carixa collections, credit, and deduction management.

Carixa includes automated, robotic process BOTs that retrieve bank statements, deposits, lockbox receipts, ACH receipts, and more from external systems. All these processes are automated.

  • AI-Powered Payment Matching 
    • Captures remittance data from bank files, emails, PDFs, EDI, and checks (via OCR). 
    • Matches payments to invoices using smart algorithms—handling invoice numbers, PO numbers, discounts, and short pays. 
    • Achieves match rates exceeding 90%, minimizing manual effort.
  • Carixa Databridge Data Normalization Excellence 
    • Extracts and standardizes unstructured data from any source. 
    • Cleans errors, removes duplicates, and unifies formats (e.g., dates as "2025-03-04", amounts as "500.00 USD"). 
    • Ensures seamless mapping to your ERP, even when payment and remittance arrive separately.
  • Multi-Channel Payment Processing 
    • Supports ACH, wire transfers, credit cards, checks, and third-party processors. 
    • Consolidates remittance details via the Carixa EIPP Portal, where customers can pay and upload details directly. 
    • Streamlines reconciliation across all payment types.
  • Intelligent Exception Handling 
    • Routes unmatched payments or deductions to AR teams with automated categorization. 
    • Speeds up dispute resolution with AI-driven workflows and self-service customer portals. 
    • Reduces bottlenecks and improves customer relationships.
  • Seamless ERP & Banking Integration 
  • Real-Time Analytics & Forecasting 
    • Offers dashboards for cash flow, unapplied payments, and AR performance. 
    • Delivers predictive insights to optimize working capital and reduce DSO. 
    • Keeps you ahead with actionable financial visibility.

On-time and accurate daily cash remittance closing will keep the collections department focused on priorities, enable better cash forecasting, and keep your financials up to date.

The Carixa Advantage: Benefits That Drive Results

  • Faster Cash Flow: Real-time posting accelerates liquidity. 
  • 90%+ Automation: Cuts manual reconciliation by over 90%. 
  • Higher Accuracy: Reduces errors and unapplied cash with AI precision. 
  • Lower DSO: Speeds up receivables for better financial health. 
  • Scalability: Grows with your business, no extra staffing needed. 
  • Enhanced Customer Experience: Simplifies payments and disputes for happier clients.

What Sets Carixa Apart?

Carixa isn’t just another cash application tool—it’s a comprehensive AR solution. While basic systems stop at simple posting, Carixa excels with:

  • Advanced Data Normalization: Turns chaotic data into a clean, ERP-ready asset. 
  • AI & Machine Learning: Adapts to your payment patterns for continuous improvement. 
  • Cloud-Based Flexibility: Scales securely with real-time updates. 
  • End-to-End Automation: Covers every step from capture to analytics.

 

 

Who Needs Carixa?

  • Growing Businesses: Scale AR without adding headcount. 
  • Finance Teams: Free up time from manual tasks for strategic work. 
  • Enterprises: Manage multi-channel payments with ease. 
  • Any ERP User: Integrate seamlessly with SAP, Oracle, NetSuite, QuickBooks, and more.

 

Whether you’re processing high volumes or dealing with complex remittance formats, Carixa ensures your AR operations are efficient, accurate, and future-proof.

See Carixa in Action

Automated cash application isn’t a luxury—it’s a necessity for staying competitive. With Carixa Advanced Automated Cash Application, Smyyth empowers you to eliminate inefficiencies, boost cash flow, and gain unparalleled financial visibility. From AI-driven matching to real-time ERP syncing, Carixa delivers results that transform your AR process.

Ready to revolutionize your receivables? Schedule a free demo today and experience how Carixa can work for you.

Related Content: Carixa Automated Cash Application Video

Contact us to learn more about how this Carixa module can function independently or as part of a total Accounts Receivable software system.

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