Email:
info@telic.digital
Phone:
0303 666 5438
Email:
info@telic.digital
Phone:
0303 666 5438
Automated Cash Allocation means matching incoming cross-border and domestic payments to the right manufacturing invoices and global purchase orders. These payments involve wire transfers, Letters of Credit, and BACS, often settling massive invoices for raw materials or finished industrial goods. A manual cash allocation process forces accounts receivable teams to waste time untangling multi-line invoices, partial shipment payments, and currency fluctuations by hand.
Our platform uses advanced AI, Machine Learning, and RPA. These tools automate manual remittance extraction across different languages and global banking formats. They allow for ongoing self-learning to seamlessly handle complex multi-entity structures and provide predictive analytics to help manage working capital and supply chain liquidity.
To discover how you can automate your cash allocation process, book a demo to see the platform at work.
Reduce operational costs by 90% while dramatically accelerating the speed at which you clear global invoices.
Quickly track query transactions like deductions for damaged freight or partial shipments, isolating them for immediate review.
Gain real-time visibility of global cash flow, enabling Finance Directors to shorten Cash Conversion Cycles and fund “just-in-case” inventory strategies.
Automate cash allocation to achieve accurate, same-day cash posting and highlight exceptions for early resolution. The platform automatically processes international remittance data, matches it to complex multi-currency payments, and applies it to the ledger. This saves significant time compared to manual multi-line matching, letting teams focus on resolving supply chain queries and actively managing global credit risk.
Manufacturing finance teams are under tremendous pressure to free up working capital. As the industry shifts to “just-in-case” inventory buffering, average Cash Conversion Cycles have stretched to 67 days. Vital liquidity is locked up in raw materials, and this pressure is intensified by the complexities of multi-national payments, fluctuating exchange rates, and buyers paying multiple invoices in one unreferenced transaction. With teams bogged down in manual reconciliation, human error rises, and trapped unapplied cash prevents accurate forecasting for future production runs.
Our platform allows ingestion of remittance data from any source, including global buyer portals, EDI, and secure emails, performing automated matching with data gathered from international bank accounts. Once matched, the pre-built framework allows updating of ledgers into any manufacturing ERP including Oracle, SAP, Microsoft Navision, Infor, and Epicor.
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 global payment information in one place, giving accounts receivable teams the information needed to action supply chain queries and exceptions immediately.