01
The problem
Manually matching remittance advice and entering cash receipts takes time and can delay accurate account balances.
02
The existing process
An accountant identifies the customer, checks invoices and balances, and enters the cash receipt information into Epicor.
03
The agent
The agent monitors the AR inbox for ACH remittance advice, identifies the customer, validates open invoices and balances, and creates the Epicor cash receipt group.
04
Human review
The accountant reviews the prepared transactions and controls posting. Automation of entry does not remove accounting oversight.
05
The result
More than $2 million in cash receipts has been entered without manual ERP entry.
The dollar amount is transaction volume, not money saved. Daily processing also helps keep accounts current and identify overdue balances.