Wholesale

RemitTrac: Wholesale Lockbox Overview

Increased consolidation in the financial services market, combined with soaring demand from corporations for wholesale lockbox services, requires processors to invest in flexible lockbox products that slash unit costs and provide new value-added services. ImageScan Inc. has the solution: the RemitTrac image-based wholesale lockbox system. Built on the powerful Windows 2000 platform, RemitTrac uses a true two-pass workflow and includes built-in modules for image MICR repair, encoding, endorsing, sorting, extracting data, faxing, and archiving images for Internet and CD-ROM delivery. RemitTrac has been successfully installed at several client sites. Below are some of the benefits of ImageScan’s wholesale lockbox solution:

Wholetail capabilities.

RemitTrac is built on a flexible framework that can further reduce per-item costs by seamlessly running ImageScan’s wholesale and retail products on the same platform. The integrated solution features consolidated reporting, and common user interfaces and account setup.

Flexible workflow.

ImageScan recognizes that no single workflow fits every processing environment. RemitTrac’s modern design enables users to tailor their system to facilitate multiple accounts; invoice scanning; remote sites; optical mark sense; remote data entry; CD-ROM output; and on-line access.

Reduce labor cost.

RemitTrac was the first image wholesale lockbox solution to use courtesy amount recognition in a live environment to reduce data entry. Its unique key-ahead module also speeds operator keying. And, the system automatically captures a variety of statistical data for billing.

Built-in float capabilities.

RemitTrac was the first image wholesale lockbox solution with a fully-integrated module for calculating and reporting customer and bank float. The system allows operators to setup float tables for each lockbox and processing day, along with default weekend and holiday settings.

Payment Processing Without Limits