Let technology do the work!
Eliminates the read and key process delivering lower transaction cost and more accurate data capture.
Eliminates the read and key process delivering lower transaction cost and more accurate data capture.
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.
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.
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.
Whatever your ERP we’ll fire up its Cash Management engine.
Enjoy an incredible level of automation, functionality and control.