Remittance Processing

Remittance Processing

Corporate Receivables

Major cost savings through improved receivables operations — used by insurance companies, utilities, debt consolidation, local government, not for profit organisations, retailers, and so on.

Retail or Wholesale Lockbox

Financial institutions of all sizes can provide a lockbox service to retain existing customers and attract new ones by processing their accounts receivables and at the same time improving the availability of their daily investable cash.

Lockbox service bureaus or outsourcers can offer account receivable services for retail organizations or specialized organizations, such as those in health care or property management.

VRPA+ uses the latest in imaging and recognition technology in conjunction with improved workflow to reduce the need for full time employees so reducing manual errors, processing times, and the cost of operations.

In conjunction with truncation (Check 21) and electronic payments (ARC) funds are made available earlier thus reducing float.

Aperta’s payment archive can be integrated with VRPA+ to provide enterprise wide, immediate access to payment details and associated images. Retail customer care operators can radically reduce research times and so improve customer services. Lockbox users can securely access their own lockbox information and drill down to the transaction level to resolve customer disputes immediately.

Remittance Processing Products

• VRPA+
• Active Lockbox
• Active Branch Capture
• Active Document Archive
• Payment Reconciliation