CASH APPLICATION

The collection process is more efficient with proper allocation of customers’ payments.  Aware Services has the expertise to ensure quick and accurate application of receipts to the correct invoices. 

The process begins when copies of checks and remittances are received from your lock box department. Upon receipt, our staff will seamlessly interface with your accounts receivable system to electronically post all of your daily cash receipts into your database.  Daily reports are run to ensure accuracy by matching the total of receipts posted to the bank deposit amounts.  If there are any receipt deductions, our collection staff will contact the customer to determine the nature of the dispute and immediately notify your management.

By outsourcing to Aware Services, your costs and time required to reconcile an account are dramatically reduced due to Aware’s accuracy in processing receipts.