Transaction Journaltm is a powerful business solution to fully automate the management of cheques, vouchers and other paper-generated payment instructions and process data directly to accounting and business systems.
Digital imaging and reduced manual intervention significantly lowers overheads, processing and administration costs. A searchable image archive will replicate lost items, avoiding requests for replacement cheque payments or incurring financial losses.
Improved record-keeping and autonomous scrutiny improves customer service delivery, aids reconciliation and minimises bank interventions to resolve discrepancies.
Imaged proof of deposit (POD), remittance processing and exceptions management (missing items - unpaids - discrepancies) provides organisations with new administration and staffing options. Data enrichment - augmenting payment information from data available from within existing systems -ensures optimum workflows and streamlines value collection.
Cheque payment recipients benefit from image and data capture at the earliest point in the cheque presentation cycle. Financial service providers and accounting software suppliers have the ability to offer cheque processing to expand their products and services. Enterprises responsible for bulk processing or out-sourced payment management services can maximise their efficiency and income potential by containing infrastructure and processing costs.