Reconciling an AR account involves comparing the total amount your customers owe with your general ledger balance, identifying variances, and adjusting records to reflect the actual status. It also helps detect any fraud proactively and take timely action to prevent significant issues.
No matter the discrepancy or challenge, it’s sure to increase your DSO and affect your cash flow. Meet Recogent, our AI-powered account reconciliation solution that shortens the invoice-to-cash cycle to help cover your ongoing costs.
Recogent’s powerful account reconciliation solution automatically matches invoices of all types, including partial payments, batch deposits, and so on. The result? Zero manual matching hassle, no more billing confusion, and strengthened customer relations: faster cash realization, quicker book closure, and a transparent view of where money lies.
Match payments to invoices using multiple data points, including customer name, amount, date range, invoice numbers, and PO references. Ensure accurate AR reconciliation regardless of data type (numeric, alphabetic, or alphanumeric).
Customer invoices and statements
Credit memos and debit notes
ACH and wire transfer payments
Credit card and payment processor settlements
Check deposits and lockbox receipts
Partial payments and payment plan installments
Early payment discounts and settlement adjustments
Customer overpayments and credit balances
Chargebacks and payment reversals
Foreign currency payments and FX adjustments
Unapplied cash and unallocated payments
Bad debt write-offs and allowance adjustments
Customer refunds and credits
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Built to handle enterprise-grade complexity:
Don’t just track asset data as you do with traditional fixed asset software. Utilize Recogent’s AI-enabled reconciliation agents to actively identify missing assets, detect calculation errors, and receive intelligent recommendations.
Access your payment history, invoice details, and communication logs to identify mismatched accounts, forgotten credits, detect disputes, and resolve them within minutes, not days.
Our advanced OCR technology reads remittance advice, payment notifications, check images, and email confirmations in any format—PDFs, images, screenshots—eliminating manual data entry and accelerating cash application. If it has payment info, we can read it.
Replace rigid rules in traditional systems with Recogent’s AI to handle complex matching, understand context and patterns, and achieve high accuracy with full and partial payments alike.
Monitor AR aging, unapplied cash, collection priorities, and customer payment status through intuitive dashboards to gain visibility into your entire receivables position with a single click.
Prioritize customers based on past payment patterns to focus on high-risk customers and maximize outreach to avoid collection delays.
15-20 days of manual payment matching and investigation
15-20% of payments unapplied for extended periods
DSO of 45-60 days or higher impacting cash flow
Constant customer disputes about the payment application
Collections teams spending hours on account research
Month-end close delayed by AR reconciliation bottlenecks
14+ hours per week spent on manual cash application
Continuous real-time reconciliation and cash application
95% of payments applied automatically with supporting documentation
DSO reduced by 25-40% through faster collections
Unapplied cash reduced to less than 2%
Customer payment disputes reduced by 90%
Real-time AR accuracy enabling instant month-end close
200+ hours saved monthly on reconciliation activities
We partner with individuals and organizations on their journey to digital transformation. See how startup founders around the world have leveraged our services to build great products and even stronger relationship with their customers.
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