Companies that accept checks as payment are well aware of the time, effort, and resources needed to process and post non-electronic payments. Especially as the volume continues to grow. It requires multiple employees to sort, reconcile, process, post, manually enter the data, and deliver the checks to the bank. All these manual steps take valuable time and resources. Our automated, image-based solution eliminates manual steps and potential errors from the process. RemitPlus provides the ability to capture check images, credit customer payments, archive the data, update the accounting system and electronically batch all checks with an electronic deposit module. It's like bringing the Bank Teller in-house. The RemitPlus simple "red light/green light" functionality is easy to learn. The checks and coupons (if necessary) are captured via a scanner. During the scanning process, the system images the checks and corresponding coupons. The advanced character recognition reads and stores the amount, endorses the checks and saves the identifiers selected from the coupons, whether barcode or OCR. The operator can view the check image (both front and back) while quickly correcting any missing information. When the batches are balanced, with the click of a button, the system extracts all the information and updates the billing system. Benefits - Reduces NSF Items
- Creates an image archive of checks and payments
- Increases on-time collections
- Lowers check processing fees
- Reduces manpower costs by 50%
- Support for Microsoft SQL database
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