Accounts receivable staff waste time tracking down unidentified payments from vendors who don't include their company name, requiring calls to match payments to orders and vendors.

Workarounds Described

• Calls vendors to ask if payment was from them
• Tracks down unidentified payments manually to match to orders and vendors

Implied Software Gaps

• Automatic payer identification from bank records
• Intelligent matching of payments to orders and vendors

PaymentMatch Pro

Automated payment identification and reconciliation tool that uses bank data enrichment and machine learning to match incoming payments to invoices and vendors without manual calls. It reduces unidentified payments and saves hours of AR clerk time.