AnyDoc® REMIT™ Automated Remittance Processing

Automatically Capture Data from Customer Remittances

For years organizations have sought to rein in the high cost of remittance processing. Routing payments from the mailroom to your accounts receivable (A/R) system is an expensive venture. And it's even more costly if you're manually keying in the data off your payments and remittances.

Lurking behind the more transparent labor costs indigenous to manual processing is a host of hidden costs—such as those associated with interpreting difficult-to-read columnar remittances, resolving payment exceptions, searching for misplaced or misappropriated payments, absorbing the impact of processing float, tracing data entry errors that have been propagated downstream and extending compensations to ease strained customer relations.

But for many industries today, money isn't the only business driver fueling interest in automated data capture and processing solutions. As the noose of increasingly stringent compliance requirements continues to tighten, the need to be able to quickly access accurate and verifiable remittance information is becoming paramount in the quest to stay as compliant as you are competitive.