Match payments received to invoices at speed and scale
The Corrivo Collections module eases the workload of collections by automating the arduous task of matching payments received to invoices issued. Taking a feed from your ERP system showing open transactions and an Open Banking File Corrivo uses machine learning to match payments against accounts and invoices. The artificial intelligence cumulatively improves its ability to detect customer behaviour and suggests or matches full and partial payments.
Let Corrivo do the hard work for you
Imagine an assistant that was so efficient it presented you with lists of successfully matched invoices and those for your manual approval at several times throughout the day. With invoices and payments into your bank account and online payments largely matched up for you the workload in your credit team would shrink dramatically, giving your team more time to focus on chasing payments or analysing patterns. Gain back up to 70% of your workday by letting Corrivo manage reconciliation tasks.