Accounting

AR cash application & remittance matching

Problem

Companies that work with wholesale and distributors get remittance information via 100s of emails. It can be a very tedious process to match invoices, payments and remittance data to track which invoices have been short paid or have been paid incorrectly and send follow up emails.

Solution

With Narrative, create a workflow to automatically extract remittance from the emails and compare it to the invoice data. If you find any issues, easily send follow up email to ask for more details about those invoices.

Pull invoice data from your accounting or procurement software.
1
Extract remittance data from email attachments or body.
2
Combine the data based on invoice# to find the invoices paid and not paid.
3
Categorize the invoice based on payment amount.
4
Combine the data again to get the status of all your invoices.
5
Automatically send email to ask for updates.
6
Automatically ask for updates on invoices which have not been paid correctly or are late payments..
1
Attach all the data to support the email.
2

FAQs

What is Narrative?

Narrative is an AI powered automation tool for operations teams.

- Are you manually pulling together data from different spreadsheets, documents or emails?
- Do you spend hours combining, cleaning and transforming that data before it's ready to generate insights?
- Is this process something you find yourself repeating every day or every week?

If yes, then Narrative can help you create automated processes and save time.

My processes are not documented. Can you help?

Absolutely! In fact, most companies don't have well documented processes. Therefore, we setup regular meetings with all our customers to learn about their processes, document them and work together to build the workflows in Narrative.

How will you keep my data secure?

At Narrative, we take data security very seriously. Your data is kept secure through advanced encryption, secure data storage in AWS and regular security audits. We don't use your data to train our AI models and any business information you share with us is treated with full confidentiality.

How much does Narrative cost?

We charge a monthly fees for the software. However, the pricing depends on the complexity of the workflows. Please reach out to discuss your processes and we will share a custom quote with you.

Get up and running in a day!

Our founders will connect all your data, setup your processes and create custom dashboards for you — no engineers, no IT tickets, no extra cost.

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