Corporations can benefit from a remote deposit capture solution for lockbox and remittance processing. DigiFunds can provide your company the tools necessary to implement the latest technology in payment processing with a complete bundled system comprised of software and check scanner.
Benefits to be gained from DigiFunds include; expanded deposit window, reduced courier costs, consolidated bank relationships, accelerated clearing, improved availability, improved cash flow, less risk on returned items.
Automating your deposit process can combine two formerly separate functions into one. Remittance processing and Treasury functions can now be accomplished on a single platform.
DigiFunds is PC-based and produces industry standard ACH and Check 21 file output facilitating electronic payments while simultaneously providing a robust document storage and retrieval system.
DigiFunds accommodates either plain or MICR-encoded remittance documents with OCR for expedited data collection. CAR/LAR functionality reduces manual data entry and associated key stroke errors.
With DigiFunds simple work-flow, your company can begin making electronic check deposits immediately! Simply scan checks and remittance documents, enter amounts, preview balance verification report, create and upload files and your check deposit is complete. CAR/LAR feature for populating dollar amounts reduces manual data entry.
Returned ACH items can be easily re-initiated with DigiFunds' Re-initiate feature. Simply find the original item in the appropriate archive, click the Re- initiate button, and select the deposit date, return code; even charge a returned item fee. Now the item is ready to be included in your next ACH file for that deposit date.
Need to print a copy of a check for a customer? DigiFunds' Filter feature allows for easy search and retrieval of archived documents. Archives can be created in daily or semi-monthly files; you choose the method that best suits your company operations.
Your remittance processing can now be streamlined with DigiFunds' Export feature. There is no need to re-key those check payments into your accounting system, just export the information from DigiFunds via ASCII text, CSV or fixed width file formats. You choose the fields and order for the export.
