Problem Statement

Payments must be matched and posted accurately and promptly, and manual posting and balancing is slow and exception-heavy; unposted or misapplied cash distorts accounts receivable, ties up credit balances, and delays a clear view of what has truly been collected. PLB batches that include an interest payment are another routine out-of-balance case: the interest isn't tied to a specific claim, so the batch won't auto-balance and waits for someone to post it by hand even when it reconciles to the bank deposit.

Automation Solution

This automation auto-posts PLB batches in eCF that match the daily bank deposit and contain an interest payment, applying the cash without manual handling.