Cashbook

Cashbook, developed by Cashbook Limited, is a software solution designed to automate complex financial processes such as cash application, collections management, deductions management, accounts payable automation, and bank reconciliation automation. The software is suitable for companies of all sizes, from small businesses to large enterprises. It caters to finance professionals, accounts receivable and payable teams, collections teams, deductions management teams, financial controllers, CFOs, and various industries including manufacturing, food & beverage, automotive, retail, healthcare, financial services, transportation, and pharmaceutical.

Key Features

Cash Application Automation: Automate over 95% of cash application transactions and streamline the entire accounts receivable process, potentially reducing days sales outstanding (DSO).

Collections Management Software: A centralized hub to log all notes, view lockbox images, eliminate deductions, and attach files with real-time information. The software utilizes historical performance to forecast payments and automatically generates user-defined dunning letters for overdue accounts.

Deductions Management Software: Automate more than 85% of deductions and recover unearned deductions. The software adapts deduction management to any bank file or remittance format, expediting review and approval processes. Users can create reason and deduction codes directly from remittance data, regardless of the ERP system.

Accounts Payable Automation: A global solution for automating electronic payment file creation, irrespective of ERP, bank, or location. The software facilitates a comprehensive approval process for payment runs and secure vendor bank account management. It also updates the accounts payable subledger and general ledger postings automatically.

Bank Reconciliation Automation: Automate up to 95% of bank reconciliation data using powerful matching rules. The software generates general ledger entries and allows for tolerance-based write-offs, serving as a reliable and centralized platform for bank reconciliation automation.

Multiple ERP Integration: Seamlessly integrates with various ERP systems, including XA/MAPICS, BPCS/LX, M3, JDE World, and E1. The software supports direct feeds from ERP Vendor Master and AP invoices, generating bank-specific files.

Global Banking Integration: Integrates with over 200 banks worldwide, supporting multiple languages and countries. The software implements country-specific banking formats and facilitates the creation and transmission of global payment files.

Advanced Intelligence and Control: Offers enhanced algorithms and configurable automation tailored to specific business requirements. The software provides additional functionality and capabilities beyond ERP packages, including Excel exports, notes, email, and workflow capabilities. It enables complete control and visibility over cash transactions, with a comprehensive audit trail.