Accounts Receivable Conversion (ARC)
Mailed in remittances remain an important function for all businesses yet one of the most costly. CheckVantage has partnered with the leading software vendor for Accounts Receivable Conversion management and processing. We offer a cost effect automated payment solution that will drastically reduce the time and expense of manual payment posting for businesses. With this software technology, we are saving our clients up to 70% on their processing costs being paid to an independent lock boxes and/or their banks. Businesses that are processing their mailed in remittances in-house, are able to save thousands of man hours a year, increasing bottom line profits. A demonstration of our product will enable your company to learn how our software can save you time, money and people. Call today for a demo at 877-243-2501.


Benefits:

		Customizable System – Creating the Ideal Flow
		High Speed Scanning and Image Capture
		CAR/LAR (Courtesy Amount and Legal Amount Recognition)
		OCR (Optical Character Recognition)
		Transaction Balancing
		Amount acceptance and rejection
		Images are immediately available for adjustments and balancing
		Intuitive system provides checks and balances
		Expedited daily closing and balancing
		Balanced and unbalanced transactions are clearly defined
		Reduce Paper Handling
		Eliminates the Need for Manual Sorting
		Reduces amount of people needed to process ARC
		Optional Double Key Entry
		Simultaneous Processing at Multiple Stations
		Multiple Payment Types
		Multiple Jobs with Multiple Databases
		Stand-Alone Processing
		Numerous Runs on the Same Job During a Single Day
		Customer & Account Association
		Reliable Audit Trail
		Date Consolidation
		Customized Extraction File
		ARC to ACH Conversion
		Electronic Deposit
		Image Archive and Retrieval
		Easy Archive to CD
		Automatic Reversal for Return Items