Cash Application
Automate 95% of your cash application
Modern matches each payment to its invoices, clears the messy exceptions, and gets cash posted in your ERP same-day.
Remittance from NorthlineReading the PDF attachment...
Match $13,000 to 2 invoicesChecking open items in NetSuite...- Flag a $420 short-payRouting the deduction...
$12,580 is applied and ready to post to NetSuite. Post it now?
Chase deposit · 9 Oct
Works with
and +100 others
Why AR teams pick Modern
Messy remittance in. Clean ledger out.
- Bank dataPayment · Oct 2
- Lockbox fileBatch 118 · Oct 2
- PDF remitAttached · Oct 3
- EmailRemit advice · Oct 4
- SpreadsheetInvoice list · Oct 4
- PortalClaims export · Oct 5
PAY-50214Matched 3 of 3$64,310.00Northline · ACH · Oct 2Applied toINV-41102$21,400.00INV-41107$18,910.00INV-41119$24,000.00Context pulled from 6 sourcesHandles any remittance you throw at it
Bank data, lockbox files, PDFs, emails, spreadsheets, portal exports. Modern stitches the full picture together, even when the remittance turns up apart from the payment.
- Exceptions · Oct 2203 of 214 matchedShort-pay · Northline$420 deduction tied to PO-3918ResolvedMissing remittance · RidgewayFound it in the AP email threadResolvedOverpayment · Harbour Co.Credit applied to INV-2077ResolvedPrice dispute · KestrelHanded to Maya with full contextWith Maya3 of 4 resolved before your team looked
Clears exceptions before they reach your team
Modern digs into mismatches, finds the missing context and settles what it can by itself. Your team only sees the cases that really need a judgement call.
- Today · Oct 2Now$48,200.00Northline Supply8:17 AM$61,400.00Ridgeway Ltd10:42 AM$39,840.00Harbour Co.1:06 PM$36,800.00Kestrel Foods3:33 PMPosted to NetSuite today$186,240.00Left for tomorrow’s reconciliation$0.00All clear
Posts today’s cash today
Once Modern knows where a payment belongs, it applies the cash and posts it to the ERP, so this morning’s deposits don’t become next week’s reconciliation.
How it works
From payment received to cash applied
Receive
Modern picks up both the payment and the paperwork. Money arrives through bank feeds, lockboxes and card gateways, and Modern reads remittance wherever it lands, structured or not.
Reading the bank feed- Parsing remittance PDFs
- Checking the lockbox file
- Linking payments to remittance
214 payments captured this morning, 203 with remittance attached.
To: Cash team
MYOBChase · $13,000 · ACHCaptured- GmailLockbox · 18 checksSent
Google CalendarStripe · 42 card paymentsBooked
Google DriveRemittance_Northline.pdfGenerated
Match
Short-pays, overpayments, split payments, deductions, multi-entity, multi-currency. Modern resolves what it can itself, and the rest land with your team already researched.
Their remittance deducts $420 for damaged goods on PO-3918. I’ve applied $12,580 and opened a deduction for review.
- MYOBNorthline Supply · RemittanceConnected
OutlookINV-2048 · INV-2051 appliedConnected
ExcelDeduction · $420 openedConnected- Google DrivePO-3918.pdfConnected
Post
Same-day posts into your ERP. No overnight batch jobs, no hand-keyed journal entries.
Yes, all of it, before 4 PM.
- NetSuite · 203 payments posted
- Journal entries · none needed
Exceptions · 11 with your team
Learn
Tell Modern once and it remembers. Each exception your team resolves sets how Modern handles the next, so match rates keep rising.
Yes. Their parent pays for three entities, so I’ll split their payments the same way from now on.
- MYOBHarbour Co. · Parent accountConnected
- OutlookSplit rule learnedConnected
- ExcelMatch rate · 97% this monthConnected
- Google DriveException_notes.pdfConnected
Made for enterprise
Minus the long
enterprise rollout
Within days Modern hooks into your ERP, lockboxes, bank feeds and payment gateways. It runs within your controls, records every action, and tokenizes and encrypts sensitive data with keys you own.
- Audit trail on every action
- Checks in before new steps
- PII encrypted and tokenized
- Role-based access control
- Live in days
- 99.9% uptime SLA
- Nothing to rip out
- Works with your ERP
- Enterprise SSO support
- Vault BYOK: your keys, your KMS
FAQs
Frequently
Asked Questions
Can’t find what you’re looking for? Send us a message and a person on the team will answer.
Modern spots partial payments, ties them to the right invoices based on the customer's history and how they usually pay, and clears the common exceptions automatically. Anything left reaches your team with context attached.
NetSuite, SAP, Oracle, Microsoft Dynamics and Sage, plus the major banks, lockbox providers and payment gateways. We add new ones often.
Most teams go live within days. Modern connects to the ERP you already run. Nothing to migrate, no long onboarding, no IT project.
They're routed to your team with the payment details, the customer's history and a suggested next step. Your team decides once, and Modern applies that decision next time.
No. Modern works alongside your ERP. It reads from your current system and posts back into it. Nothing to rip out.