Agent Matches Incoming Deposits Received Across Multiple Channels Eliminating the Need for Manual Reconciliation Processes
WASHINGTON – February 18, 2026 – Ordway, the finance platform for innovative business models, today announced the release of a new AI agent which can match incoming payments with the associated invoices then apply the cash to the customer’s balance. The new agent uses probabilistic and deterministic matching algorithms combined with each customers’ historical data to correctly map the transactions.
Businesses receive payments via multiple different channels including credit card gateways, electronic funds transfers, and third party lockboxes. Each payment received needs to be matched to the corresponding invoice so the customer’s account balance can be updated. However, the funds received often do not exactly match the corresponding invoice(s) for a variety of reasons such as if the accounts receivable team issues a credit, full or partial refund following a customer service or product fulfillment issue. Invoice to payment mismatches can also be caused by customer behaviors such as:
- Consolidated Payments – When multiple invoices are combined into a single payment
- Split Payments – From a single invoice split into two or more separate payments
- Partial Payments – Deposits short of the full invoice amount due to a dispute or pending credits
- Over Payments – Accidental disbursement of payments exceeding the invoiced amount
“I continue to be amazed at how much time finance teams spend each month reconciling incoming deposits on bank statements and the lump sum payments from their card processing gateways with the open invoices in the billing system,” said Sameer Gulati, founder and CEO of Ordway. “With AI I think we can finally put an end to the month-end reconciliation madness that accounting teams have wrestled with for decades.”
Ordway’s AI-powered cash application agent eliminates much of the manual reconciliation work by automatically matching the payments with the invoices using sophisticated algorithms, trained using billions of historical transactions, to identify the most likely match. Reconciliations with high confidence scores are automatically applied to the associated account balance while those with lower confidence scores are routed for review by the accounting team. The agent is tightly integrated with Ordway’s revenue recognition module. As a result, matched payments trigger automated generation of the the associated journal entries for posting in the revenue sub ledger.
- Cards – Credit and debit card transactions from payment processors such as Stripe, Adyen, and Braintree as well as digital wallets such as PayPal, Apple Pay, and Google Pay.
- Bank transfers – Credits and debit transfers received via US ACH, Canadian PAD, BACS, and SEPA.
- Wire transfers – Domestic and international wire transfers received into company bank accounts
- Checks – Received through bank managed lockboxes or the company’s own processing center.
Ordway’s new cash application agent is the latest in the company’s AI-powered finance suite which also include the natural language processing assistant for SaaS metrics reporting and the data abstraction agent for customer contracts.
About Ordway
Ordway is a billing and revenue management platform designed for today’s innovative, technology-centric business models. Hundreds of AI, SaaS, cloud, and subscription businesses use Ordway to automate the quote-to-cash cycle with self-service checkout, subscription management, usage-based billing, revenue recognition, and investor reporting. To learn more visit www.ordwaylabs.com
Media Contact:
Ronjini Joshua
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Ordway@thesilvertelegram.com
