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Cfari® CASH APPLICATION Leverage the amazing power of Cfari®cash application to improve efficiency, accuracy, and speed, so you always have a current picture of your AR. Automated File Processing: Cfari processing is automated and provides lockbox or other control file balancing, error handling, cash identification down to the customer level. We process lockbox, EDI, and any other file formats. — Improved auto hit rates with user configurable matching rules, down to customer level. — Generate deductions automatically — Automatically routes exceptions and deductions by type to the responsible internal or external person — Tracks and escalates problem resolution with your custom rules — Web based fully hosted system, for access from anywhere Powerful Cash Processing: Cfari has unmatched processing power. Matching rules are customizable down to the individual customer level for the best hit-rate possible. — Matching Rules can be set for individual customer business practices. — Custom Algorithms to match payments, deductions, invoices, and credits from multiple data sources. — Character String Matching - for strings in multiple reference fields. — Line item level processing capability for reconciliation. — Short Pay Tolerance by dollar amount or percentage. — Cash Discounts - Definable grace periods, by type of discount. Complete review of customer payment history. — Parent/Child processing, applying one check against multiple accounts. — Short Payment Options include either chargeback generation or leaving a balance open on an invoice. — Downloadable to Excel for further analysis if needed — Automatic Deduction/Chargeback Generation • Deduction generated at cash application • Chargeback unearned discounts • Chargeback short payments • Deductions and Chargebacks carry the reference data from the original invoice and check. • Deductions, Disputes and Chargebacks enter automated workflow, with routing (and tracking) to the responsible analyst. — SOX and Audit: Complete audit trail of all transactions, including an exportable online history of each application. |
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