It automatically extracts data from checks and their accompanying remittance documents, and enables hands-free reconciliation against internal invoice data. Payments are correctly and quickly applied, and users can detect and analyze payment disputes faster. Because minimizing keystrokes equals improved accuracy and dramatic efficiencies, there’s more time for strategic activities such as tackling the supply chain and addressing customer-facing needs.
Additionally, the accelerated cycle time provides near real-time access to the status of your receivables so you can make more informed financial decisions. You’ll gain insight into the overall efficiency of remittance processing — from receipt to reconciliation — as well as a complete audit trail of who did what and when.
This capture technology is designed to pull data from multipage, multi-table and complex remittance statements in a matter of seconds.
Discover how finding the right automated document capture solution transforms your processes by: