Cash Allocation

VanguARd™ is our automated cash allocation and application tool. It matches amounts received to any format of remittance advice, validates then automatically applies the cash to sales and debtors ledgers.

Key benefits

  • Increased automatic cash allocation rates
  • Match amounts in any currency
  • Reduction in bad debts and improvement in customer relations
  • Faster cash allocation and more reliable ledger positions
  • Fully scalable to support company expansion
  • Collections and credit control alerts as soon as issues arise
  • Redirect focus to break resolution and exception management
  • Supports any format of remittance advice including paper

Customer-focused cash allocation

As sales volumes increase, VanguARd™ mitigates against customers being contacted when they have already been paid, which in turn helps to sustain good customer relations and reputation.

Efficiency and control

VanguARd™ lets you trace and identify cash received into different bank accounts. The software validates if the correct deductions have been applied and acknowledgements are automatically generated and sent to customers. Our clients can instantly detect deductions and unfulfilled promises to pay, therefore refocusing efforts away from manual post processing of unmatched items. Chasers are automatically sent for unpaid older items, and a stop is put on accounts if any pre-set limits are breached. Unallocated cash reduces, and the closure of ledgers at month end becomes a faster and more reliable process.

Save time and resources

VanguARd™ automatically applies direct debits and electronic remittance advices as and when they are received. Instant alerts and notifications are generated to problematic invoices or accounts, saving our clients hundreds of hours of effort spent on intensive manual processes.