Email:
info@telic.digital
Phone:
0303 666 5438
Email:
info@telic.digital
Phone:
0303 666 5438
Automated Cash Allocation means accurately matching incoming project payments to specific debtor invoices, applications for payment (AfPs), and stage milestones. Construction payments arrive via BACS or contractor portals, often complicated by CIS deductions, retentions, and disputed variations. A manual cash allocation process involves the AR team spending excessive time attempting to reconcile lump-sum payments against fragmented, multi-phase project ledgers.
Our platform uses advanced AI, Machine Learning, and RPA. These tools help automate the extraction of complex remittance data, including standard construction deductions. They provide ongoing self-learning to navigate complex contractor payment schedules and deliver predictive analytics to monitor project-level cash flow and avoid liquidity traps.
To discover how you can automate your cash allocation process, book a demo to see the platform at work.
Reduce operational costs by 90% and protect razor-thin project margins with a highly accurate automated platform.
Easily identify and track query transactions, ensuring retentions and disputed variations are isolated and chased promptly.
Gain full visibility of critical transactions, empowering your organisation to ensure compliance with the Fair Payment Code and safeguard public tender eligibility.
Automate cash allocation to achieve accurate, same-day cash posting and highlight exceptions for early resolution. The platform automatically processes stage payment remittances, matches them to bank receipts, and applies them directly to the project ledger. This saves immense time compared to manual matching, letting your team focus on resolving complex disputes, recovering retentions, and keeping cash flowing across the supply chain.
Finance teams in construction and building materials face extreme pressure to maintain liquidity amidst high industry insolvency rates. This is intensified by strict regulatory mandates like the UK Commercial Payments Bill, which enforces 60-day payment term caps and steep late payment penalties. Difficulties in matching poorly referenced transactions, part-payments on applications for payment, or missing retention data leave cash unapplied. When project cash isn’t allocated instantly, it masks true site profitability, delays vital supplier payments, and ultimately risks project delivery.
Our Cash Allocation solution seamlessly integrates with your existing financial systems, streamlining the end-to-end process
and minimising manual data entry. This boosts efficiency and saves valuable time.
Granular dashboards provide insight on allocation status and visibility of all project payment information in one place, giving accounts receivable teams the information needed to action contractor queries and resolve application disputes.