Campfire automatically matches incoming bank receipts and remittance advices to open invoices using configurable matching rules based on invoice numbers, amounts, customer references, and payment patterns. The system handles partial payments, overpayments, and bulk remittances by splitting and allocating receipts across multiple invoices. Unmatched items are queued for manual review with suggested matches ranked by confidence score, enabling rapid resolution.
Automated cash application dramatically reduces the time between receiving payment and updating customer accounts, giving finance teams real-time visibility into true receivables positions. By eliminating hours of manual matching work, staff can focus on resolving exceptions and managing customer relationships. Faster application also means more accurate aging reports and fewer errors in customer account balances.
Why Campfire Stands Out
