Automate Your Remittance Processing to Survive Challenging Times
If the COVID-19 pandemic has proven anything, it’s that cash flow management is critical for...
If you’re involved in corporate billing and looking for a way for your organization to easily digitize and process mailed-in checks and remittance documents, Data Dimensions’ Remittance Processing solution is the answer to your problems.
Among the features of Data Dimensions’ Remittance Processing:
Through the use of Data Dimension’s Remittance Processing Solution, your organization no longer has to process mailed-in payments, make time-consuming trips to the bank, maintain multiple banking relationships or put customers on hold to search for payment information. What’s more, depositing payments electronically via Check 21 accelerates funds availability by at least one day compared with manual processing.
Data Dimensions supports a comprehensive inbound Check/Remittance Lock Box based on Check21 standards for payment posting. Single check/remit ingestion point for multiple PO Boxes to manage the end-to-end intake to posting process.
Intelligent Character Recognition (ICR) software is utilized for the automated capture of deposit information from checks such as Payee, CAR (handwritten numeric amount) and LAR (handwritten word amount). The Check 21 offering supports the ability to provide an indexed image file of all associated documents including envelope, remittance and check.
The Dimensions360® Check 21 solution provides real-time tracking of documents and actions, and the ability to generate custom reports.
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