Cadensa vs Esker Cash Application

Cadensa automates cash application by processing bank files and remittance advice, matching payment details to invoices and flagging exceptions for review. It accepts BAI2 and other bank statement formats, including MT940 in an example workflow. Remittance information can come from email, PDFs, spreadsheets or scanned advice; its AI extracts invoice numbers, amounts and payer details without customer-specific templates. Exceptions can include candidate matches and confidence scores, and the system learns from corrections. For factoring workflows, it handles payments spanning multiple schedules, partial payments against advances and matching across client portfolios. Its audit trail records who matched a payment, what was matched, when it happened and the originating bank line. QuickBooks Online and QuickBooks Desktop are available accounting integrations; Sage and NetSuite are listed as coming soon. Other available connections include email services, storage, FTP/SFTP, a REST API and webhooks. The maker states that data is encrypted in transit and at rest, access is role-based and access is logged. SOC 2 compliance is in progress. Pricing is on request.

Esker Cash Application automates cash application for accounts receivable teams, from capturing payment and remittance information to matching payments, handling exceptions and posting results to an ERP. Esker Synergy AI extracts payment data and suggests invoice matches, with explanations and human review when needed. The system brings remittance information together from multiple channels. For complex allocations, users can apply configurable rules and work in a guided workspace with contextual information, suggestions and collaboration tools. Allocation options include discounts, deductions, short payments, cross-company cases and multiple currencies. Esker says the product works with any ERP, including multi-ERP environments; integration options include a prebuilt SAP connector using BAPI calls and REST API web services. It can run on its own or alongside Esker’s Accounts Receivable suite. Customisable dashboards and reports cover KPIs, payment activity, automation trends, unapplied cash and user activity, with traceability and archiving. Pricing is on request, and a 30-day trial is listed.