Data enrichment - achieved by matching and comparing items with other databases or historic information - will validate and automatically complete a payment data picture. This is particularly useful to manage lack of documentation. This feature is fully customisable and can be used to verify for example the correct destination account number, carry out cheque digit routines extract policy/council tax details through auto-recognition.
If a single payment is submitted to cover more than one invoice, the amount can be credited against multiple entries using split amount management.
The rescan function is available to simplify handling anomalies. It is used with a two-pocket scanners. An example is to delete invalid cheques (e.g. no signature, date or payee line) from the original transaction. The rescan will weed out those cheques that have been rejected and are no longer part of the transaction batch.
Transaction Journaltm can incorporate Bacs or card payment data. Supplemental information on the payment, account or payee can be transferred from external sources.
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