Quadient announcement AI-based cash application module To aTo accelerate invoice– to cash process
Paris, April 26, 2023
Quadient (Euronext Paris: QDT), a leader in helping businesses create meaningful customer connections through digital and physical channels, today launched a new Advanced Cash Application module for Quadient’s Intelligent Communication Automation SaaS platform globally. announced that it is available. Provide customers with a complete end-to-end accounts receivable (AR) automation solution.
Cash applications are a key component of the invoice-to-cash process, and the recent move to digital payments has added complexity for businesses of all sizes. Quadient’s new Advanced Cash Application module offers additional services powered by artificial intelligence and machine learning. This enables finance teams to improve efficiency and accuracy by minimizing time spent on manual cash application activities through automation. Enhanced with new modules, Quadient Accounts Receivable by YayPay offers capabilities ranging from credit and collections management, payments, dispute management, business intelligence and analytics, billing, multi-channel electronic and print delivery, and cash applications Now
“In Quadient, IIntegrate artificial intelligence innovation our offering with more automated and richer serviceChris Hartigan, Chief Solutions Officer for Intelligent Communications Automation at Quadient, said: “somehow of the organization is challenged Delay in cash application due to loss of remittance advice again Huge amount of deposits that need to be reconciled and treated,Automation of Flow of cash application Drive faster processes for employees and customers. T.new module reducate Risk of manual errors Reduce sales days outstanding (DSO)help us address of Requirements from a growing customer base Handle more use cases across a wide range of industriess“
The new Advanced Cash Application module eliminates manual tasks for your finance team, such as applying credits to customers and invoices, and re-entering payments received from banks. When a payment is received but no customer has been identified, the software’s machine learning engine automatically considers data such as payment type, amount and transfer data to provide a suggested customer. At that point, the AR team can review the transaction for easy, reliable cash matching and authorization, and remove payment reminders from his workflow to avoid over-communication and improve customer relationships. .
Since acquiring fintechs YayPay and Beanworks in 2020 and 2021, Quadient has continuously invested in adapting these solutions to new markets, adding rich features to help financial teams globally I have been doing it. For more information on Quadient’s new Advanced Cash Application module, please visit www.quadient.com/ar-automation/cash-application.
About Quadient®
Quadient powers the world’s most meaningful customer experiences. Quadient helps simplify the connection between people and what matters by focusing on his three main solution areas: intelligent communication automation, parcel locker solutions, and mail-related solutions. Quadient helps hundreds of thousands of customers around the world create relevant, personalized connections and deliver superior customer experiences. Quadient is listed in compartment B of Euronext Paris (QDT) and is part of the CAC® Mid & Small and EnterNext® Tech 40 indices.
For more information on Quadient, please visit www.quadient.com.
contacts
| Joe Scolaro, Quadient | Sandy Armstrong, Sterling Kilgore |
| Global Press Relations Manager | Director of Media & Communications |
| +1 203-301-3673 | +1-630-699-8979 |
| j.scolaro@quadient.com | sarmstrong@sterlingkilgore.com |
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