Serrala Alevate AR Cash Application is a web based receivables tool for matching incoming payments with remittance information and invoices. Serrala describes it as an AI powered, cloud native service that works with any ERP. Its Cash Application component handles multiple currencies, bank sources, account statements, remittance advice, and high transaction volumes. Smart data capture can automate input, classification, recognition, extraction, posting, and exception handling. Serrala says the product can reach up to 98% automation and reduce manual tasks by up to 90%. Its stated cash flow benefits include same day receivables matching, 8–12% more working capital, and a 10% or greater reduction in DSO. Real time cash visibility and analytics include KPI dashboards for measures such as DSO and working capital. Listed accounting connections include SAP, Microsoft Dynamics 365, NetSuite, IFS, Sage, Infor, Workday, Epicor, Unit4, QAD, Acumatica, and Oracle. API access and invoice reconciliation are also listed. Serrala, founded in 1984 and headquartered in Norderstedt, Hamburg, Germany, sells Alevate AR on a paid basis; pricing is available on request. Customer access includes separate Customer Success and Alevate AR portals.
Who it is for
Alevate AR suits finance leaders and receivables teams looking to automate payment matching, reduce manual AR work, and improve cash visibility. It may fit organizations using different ERP systems, multiple currencies, or high transaction volumes.
What is good
- Automates payment and remittance matching.
- Supports multiple currencies and multiple banks.
- Connects with a broad range of listed accounting systems.
- Includes real time cash visibility and analytics.
- Offers API access and invoice reconciliation.
What to know first
- Pricing is available on request.
- The listed platform is web.
Verdict
Finance teams seeking automated receivables matching, ERP compatibility, and cash visibility should consider Alevate AR. Teams that need a published price or a platform beyond web should look elsewhere.
Get started with Serrala Alevate AR Cash Application
- Visit the Serrala Alevate AR product page.
- Contact Serrala for a demo or quote.
- Use the Alevate AR Customer Portal for customer access.
Questions about Serrala Alevate AR Cash Application
How much does Alevate AR Cash Application cost?
It is a paid product, and pricing is available on request.
What platforms does it support?
The listed platform is web.
Which accounting systems does it connect with?
Listed connections include SAP, Microsoft Dynamics 365, NetSuite, IFS, Sage, Infor, Workday, Epicor, Unit4, QAD, Acumatica, and Oracle.
Does it support multiple currencies and automatic matching?
Yes. It supports multiple currencies and automated payment matching.
Does it include API access?
Yes, API access is listed.
What security controls are specified?
A Serrala cloud services contract document specifies ISO 27001:2013 and SOC 1 Type II and/or SOC 2 Type II controls, subject to the order terms.
Serrala Alevate AR Cash Application plans and pricing
All plansCompared on cash application software
- Multi-currency support
- Yes
