Accounts Receivable teams often spend significant time processing incoming payments, handling payment advices, checking payment information, matching payments against outstanding invoices and managing items that require further review.
Reclaw applies AI to these steps to reduce manual processing and help standardise the payment and reconciliation workflow.
It captures and extracts information from payment related documents, identifies relevant payment and invoice information, supports payment matching and reconciliation, and brings exceptions to the attention of the appropriate users. AR users can then focus their attention on exceptions and payments that require review.
Capture payment information and remittance documents from defined channels and prepare them for processing.
Capture and extract relevant information from payment advices and other payment related documents for processing.
Match payment information against outstanding invoices and customer records to identify matching conditions and discrepancies.
Support the reconciliation of incoming payments against outstanding receivables and identify items requiring review.
Identify payments that require review and bring them to the attention of the appropriate users.
Store and retrieve payment related documents and supporting information from a centralised digital repository.
Monitor payment status, matching results and exceptions through a centralised interface.
Reclaw uses AI powered document extraction to capture information from payment advices and other payment related documents and prepare it for processing. The specific document formats and information captured can be configured according to your business requirements.
Yes. Reclaw can match payment information against outstanding invoices and customer records to identify matching conditions and potential discrepancies for review.
Yes. Reclaw can support the reconciliation of incoming payments against outstanding receivables and identify items that require further review.
Yes. Reclaw is designed to work alongside existing ERP and business systems. The integration approach depends on your current system, AR process and the information that needs to be exchanged.
Payments with discrepancies or other conditions requiring attention can be identified and routed for review. This allows AR users to focus on exceptions rather than manually checking every payment.
Yes. Reclaw automates repetitive processing while keeping users involved where judgement, investigation or exception handling is required.
The suitability of Reclaw depends on factors such as payment volume, current processing methods, matching requirements, reconciliation processes and your existing ERP environment. SL Information can assess your current AR process and identify where automation can provide practical value.
