Cashbook Articles

This is a collection of Cashbook articles written by the team. Check back regularly for new articles about the platform, team and processes.

Automating accounts receivable (AR) can significantly enhance your company’s cash flow and operational efficiency. To maximize these benefits, consider the enclosed best practices.

Automating Accounts Receivable (AR) processes can significantly enhance efficiency and cash flow management. Enclosed are common questions about AR automation…

Fraud prevention is more critical than ever in today’s digital-first financial environment. Businesses are dealing with rising threats including check fraud, ACH fraud, and payment tampering. Implementing a secure, automated solution is no longer optional – it’s essential. This is where Cashbook’s financial automation platform stands out.

A SWIFT MT940 file is a common bank statement file across Europe. SWIFT was established by European bankers who needed a more efficient and secure system for inter-bank communications and transfer of funds and securities. SWIFT messages are pre-set and referred to by category numbers called MT numbers. Cashbook has an integrated SWIFT MT940 software solution that allows companies to upload a bank statement and algorithms are applied so that cash receipts and manual payments are automatically applied to customer invoices. The MT940 format software module can automate anything from 60-98% of your daily cash transaction.

Cashbook’s AP Module is a single, global solution for automating payments, regardless of ERP, bank or location. Automated payment file creation and outbound remittance, with full approval process for all payment runs and secure vendor bank account management. Cashbook auto-updates the accounts payable subledger and general ledger postings, and allows for multiple remittance formats including email, PDF, and QR codes.

Efficient deductions management is crucial for maintaining healthy cash flow and profitability. We have highlighted 5 ways to streamline your deductions process.

Implementing a cash application system is a significant step toward enhancing your organization’s financial efficiency. To ensure a successful deployment and ongoing optimization, it’s essential to follow best practices both before and after implementation.

Effective communication is a cornerstone of successful collections. Inconsistent messaging can lead to confusion, inefficiencies, and delayed payments. With Cashbook’s Generate Correspondence functionality, streamlining collections communication can ensure a standardized, professional, and efficient approach to customer messaging.

Businesses rely on powerful automation tools to optimize cash management and accounts receivable processes. Cashbook presents a seamless and enhanced alternative to Cforia, offering a broader suite of financial automation solutions that extend beyond receivables.

Some of our peers have quite dated user interfaces. The work that the Cashbook team has done to our UI has helped us to leap-frog into a position of strength where the user experience is incredibly strong. A place where our users can be at their most productive and efficient. Find out more about the Cashbook UX in this article.

Dunning Letters are essential tools for businesses to manage overdue payments and maintain healthy cash flow. These communications remind customers of outstanding balances and prompt them to take necessary actions. Crafting effective dunning letters can significantly reduce payment delays and enhance customer relationships.

Managing cash application can time consuming and complex process. This critical process involves matching incoming payments to the correct customer accounts and invoices, ensuring accurate financial records. However, several challenges can make cash application particularly difficult…

Finance automation is often seen as a tool for cutting costs, but its impact goes beyond efficiency and labor savings. By automating financial processes, businesses can unlock new revenue opportunities, improve cash flow, and scale faster.