Solchar is a specialist technology company, providing a range of cost-saving solutions to automate cheque, remittance and voucher processing for all item volumes.
Transaction Journaltm delivers digital management of paper-generated payments, in sterling, euro and all other major world currencies. It is available in a range of formats for small volume users through to scaled enterprise solutions on fixed-term licence agreements or purchase.
The solution enables items such as bank and travellers cheques, giro credits, credit/remittance slips, gift vouchers, etc. to be processed rapidly with detailed records available for scrutiny. Image capture and interpretation modules have the capacity to interface payment data conveniently into existing accounting and financial software/CRMs. Payment data from any number of sources can be centralised through network, citrix and web-based solutions. It is also possible to collate cheque data with Bacs and electronic payment information, creating a payments hub that will provide custom searches and reporting.
Solchar was formed in 2001 by a small group of people with many years' experience in different aspects of the payment processing industry. Their aim is to enable technology that was previously cost-prohibitive to be used at the first point of presentation for cheque payments and to rationalise all other paper-payment handling scenarios. The ability to right-size (and therefore right-price) solutions for the task in hand significantly improves financial control. By activating only relevant components from within standard products, individual financial management needs are achieved with maximum savings.
Digitalising payment processing using image capture, interpretation and direct data integration not only achieves staff cost and time savings, it satisfies the most stringent record keeping requirements, including transaction monitoring and evidence production orders for money laundering investigations.
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