Remittance Processing

Maximising Workflow Rates

Image-based remittance processing expands the options available to process cheques and remittance slips.  There are frequently a number of predictable complexities to resolve.

• the remittance slip is missing
• multiple invoices are being settled with one cheque
• multiple cheques are used to pay the same invoice 

Transaction Journal^tm provides advanced data interpretetion and enrichment to retain efficiency and replace labour-intensive approaches. 

• missing remittance slip information is replicated from previous electronic payment details
• split-amount processing examines historic invoice data to determine which payments are outstanding
• multiple cheques are balanced within a credit balancing sequence

Image exchange enables off-site access to the image archive or to data files.  This supports outsourced remittance processing.

Automated Reconciliation

Automated data feeds created from information stored in Transaction Journal^tm are synchronised and used to update financial systems and customer accounts.

2-D Barcoding 

Datadisguise^tm will provide the facility to generate a barcode during electronic preparation of remittance slips. This increases the speed and accuracy of incoming reconciling payments.