Let technology do the work!
Eliminates the read and key process delivering lower transaction cost and more accurate data capture.
Increased intelligence and automation
Eliminate paper based methods, reduce banking fees, increase accuracy and image storage
Features of OCR Lockbox Module
Integration
Highly intelligent, seamless integration with all major banking providers
With Cashbook’s OCR Lockbox Import module, we scan the check and remittance images and link this data with the BAI2 file of the bank, or create our own data file. We create image recognition by customer and store these image patterns against customers. When we do this our system learns over time how to handle each type of remittance received.
Functionality & Automation
Functionality and OCR automation to reduce manual labour, reduce costs and speed processing
Mass validation of numerical values and letters greatly reduces manual labour and increases process speed. Separation of payments and remittances can be handled and automatically linked together. Capability to add Email OCR extraction. Email’s are delivered to a specific email address and data is read and extracted into Cashbook AR remittances.
Financial Control
Reduce costs and margin for error
The Cashbook automated process helps to reduce or eliminate banking key costs. Users can use OCR Lockbox for storing check images and remittances for as long as they need. Easily create specific templates and generic templates. Confidence percentages on data validation ensure mass review of OCR extracts before importing to Cashbook.
SUCCESS STORY
A streamlined, automated solution for a demanding lockbox process
READ THE SUCCESS STORYCONTACT
Whatever your ERP we’ll fire up its Cash Management engine.
Enjoy an incredible level of automation, functionality and control.
