Cash Application & Adjustment Management Solution
The Revere Group’s Cash Application & Adjustment Management solution, known as Cachet, provides a fully integrated and automated cash application, adjustment/deduction control and collections management solution. Our customers benefit from preventing, recovering and collecting invalid deductions, reducing Days To Recovery, increasing cash flow, decreasing operating costs and improving customer relations. With Cachet and its BI/reporting tools integrated with your ERP system and your financial institution(s), integrated reporting, real-time dashboards and executive-level visibility into key metrics are at your fingertips.
Cash Application
Cachet’s Cash Application module integrates tightly with Accounts Receivable (A/R) systems allowing organizations to automatically apply cash receipts from a variety of sources, including lockbox, Automated Clearing House (ACH), Electronic Data Interchange (EDI), local cash payments, wire transfers and custom file downloads. A sophisticated rules engine allows business rules such as write-off thresholds, volume discounts, marketing campaign program allowances, etc. to be established by business unit, customer, product type, transaction volume or a variety of other criteria.
Cachet’s rules engine increases the percentage of your cash that is automatically applied through the application of these established rules, often reducing unnecessary write-offs. Exceptions can be coded and routed via workflow to the appropriate personnel to most efficiently resolve the exception.
Deduction and Collection Management
Cachet’s collections and deduction module establishes and monitors your collection strategy with a streamlined and configurable collection process. The system allows you to customize and automate your efforts to improve your collection effectiveness and time to resolution. This provides an accurate overview of open receivables and helps prioritize collection personnel’s tasks when resolving outstanding disputes. Cachet’s workflow and work queues help your staff work more efficiently, shortening lengthy collections periods and labor costs.
Cachet provides a detailed audit trail, document images and visibility to research and settle any disputed items. A complete history of receipt, deductions and invoices paid can be reviewed for immediate resolution.
Better Visibility for Better Business
Cachet’s business intelligence/reporting application provides credit decision support and analysis capabilities in real time. It allows for more informed management decisions, delivering reliable, easy-to-access business information for key metrics such as root cause analysis, cash postings, adjustments and aged trial balances. It provides analytical capabilities from the executive level, through the management dashboards, down to the transaction level, through the audit tables of each customer activity.