Does cash application in Panax feed data back into the ERP?

The generated payments in Panax, following review and approval, are automatically posted in  the ERP, so your ledgers are up to date.

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How does Panax automate cash application?

Panax automates cash application by matching collections  with open invoices based on pre-defined rules as well as AI algorithms, such as invoice number, amount, and customer details. Automated matching reduces manual work and minimizes errors.

How does Panax’s cash application module work?

Cash application in Panax refers to the process of generating payments by matching collections with outstanding customer invoices, ensuring accurate and timely application of cash to reduce days sales outstanding (DSO) and improve cash flow visibility.

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