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This automation compares incoming payments with open AR invoices using remittance advice, references, or payment amounts. It reduces unapplied cash and manual reconciliation work.
Integrations typically include ERP, bank feeds, and payment gateways. The workflow parses transactions, runs matching rules, and flags unmatched items.
Finance teams benefit from faster cash posting, fewer delays in revenue recognition, and stronger AR accuracy.
Abstra is a Python-based workflow engine to design and manage custom business processes with no overhead, powered by AI. Merge automated tasks with manual reviews, gain real-time insights into operations, and track history with logs & git-friendly versioning.