We talk to a lot of finance professionals and there are a handful of themes that we hear no matter the size, industry, or tenure of the operator. People are concerned about scaling their teams when their department is seen as a cost center, they are anxious about training new colleagues to handle the additional work, and they are eager to level up the impact of each task they do. When asking people about what tasks are most pressing to automate, Cash Application immediately comes to mind. In the most egregious cases, companies hire entire teams to sort their bank transactions each day and mark invoices as paid, add credit memos to customer records, and reconcile fees charged by intermediaries.
Cash Application is ready to be redesigned from the ground up. Instead of relying on rule-based systems and human judgment, we’ve built an AI-driven solution that automates a painful and monotonous task for businesses of all sizes.
At its core, cash application is the last step in the contract-to-cash process. It identifies received payments, applies the money to outstanding invoices, and reconciles fees taken by intermediaries (like wire fees, foreign exchange fees, and credit card processing fees). Today, businesses handle this in one of two ways:
Existing cash application solutions are rudimentary, relying on static “if-this-then-that” rules. But businesses evolve, customers change payment behaviors, data quality varies, and new payment methods emerge. These rule-based approaches are insufficient for a modern company.
The future of Cash Application uses LLMs to automate and optimize matching. It takes in context from throughout the organization including past actions and applies them to reduce manual effort and speed up reconciliation.
Here’s how:
As businesses grow, Cash Application becomes a cost center that scales negatively. Prior to Tabs Cash Application, customers complain about:
To alleviate these concerns, Tabs Cash Application provides for:
By eliminating manual reconciliation pain points, Tabs enables finance teams to focus on strategic work instead of chasing transactions. Cash application shouldn’t be a burden—it should be an intelligent, automated process that scales effortlessly with your business.