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Automate Cash Posting from the Bank

  • 1.  Automate Cash Posting from the Bank

    Posted Nov 15, 2021 12:31 PM
    Does NAV allow an automated cash posting process from a bank? This process would allow the bank to key information directly off the customer's remittance payments as they post from our lockbox. The file is then sent to the company daily to "auto post into a company's system based on certain criteria. If there is not a match, it would kick the payment out as an exception. These exceptions are then manually posted by the company's cash posting department. With this process, it allows as higher percentage of cash posting automation, reducing operation costs.

    Has anyone seen this?

    Robin Clerk
    Accounts Receivables Manager
    Jaipur Living, Inc.
    Acworth GA
    [email protected]

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