Automatically
capture
data
from
customer
remittances.
For
years
organizations
have
sought
to
rein
in
the
high
cost
of
remittance
processing.
Routing
payments
from
the
mailroom
to
your
accounts
receivable
(AR)
system
is
an
expensive
venture.
And
it’s
even
more
costly
if
you’re
manually
keying
in
the
data
off
your
payments
and
remittances.
Lurking
behind
the
more
transparent
labor
costs
indigenous
to
manual
processing
is a
host
of
hidden
costs—such
as
those
associated
with
interpreting
difficult-to-read
columnar
remittances,
resolving
payment
exceptions,
searching
for
misplaced
or
misappropriated
payments,
absorbing
the
impact
of
processing
float,
tracing
data
entry
errors
that
have
been
propagated
downstream
and
extending
compensations
to
ease
strained
customer
relations.
But
for
many
industries
today,
money
isn’t
the
only
business
driver
fueling
interest
in
automated
data
capture
and
processing
solutions.
As
the
noose
of
increasingly
stringent
compliance
requirements
continues
to
tighten,
the
need
to
be
able
to
quickly
access
accurate
and
verifiable
remittance
information
is
becoming
paramount
in
the
quest
to
stay
as
compliant
as
you
are
competitive.
Problems
with
Manual
Processing
- time-intensive manual data entry
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- data entry errors propagated downstream
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- misplaced remittance documents and checks
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- duplicate or misallocated payments
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- restricted cash flow due to increased days sales outstanding (DSO)
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- lost interest from excessive processing float
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- duplication of effort from keying into multiple systems
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- difficult-to-read machine print and columnar data
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The
Benefits
Easily
export
to
your
existing
accounting
system
 AnyDocREMIT
enables
flexible
data
exchange
with
almost
every
accounting
or
ERP
system
including
SAP
using
AnyDoc®EXCHANGEit™’s
SAP
Certified
Integration.*
Improved
remittance
data
accuracy
Manual
processing
invites
the
potential
for
human
errors,
creating
a
ripple
effect
of
problems
that
could
compromise
the
efficiency
and
effectiveness
of
your
operations.
With
AnyDocREMIT,
you
can
rest
assured
that
you
are
only
feeding
your
back-end
systems
the
most
accurate
data
possible.
And,
when
combined
with
AnyDoc®INVOICE™,
you’ll
experience
a
complete
accounting
solution
by
automating
AP
invoices
as
well.
Accelerated
cash
flow
Cash
flow
hindrances,
such
as
excessive
processing
times,
prevent
you
from
meeting
your
business
goals.
Automating
your
data
entry,
as
well
as
reducing
the
number
of
touch
points
each
remittance
must
pass
through,
expedites
the
time
it
takes
to
transfer
data
to
your
financial
systems
and
deposit
funds
into
your
coffers.
Reduced
labor
requirements
By
automating
preparatory
tasks,
such
as
validating
remittance
transactions
against
your
back-end
databases,
matching
incoming
funds
with
outstanding
invoices
and
deciding
whether
to
charge
a
customer
for
underpayments,
you
can
reassign
your
data
entry
knowledge
workers
to
more
business-critical
tasks.
Intact
business
processes
AnyDocREMIT
adapts
to
your
business
processes,
instead
of
making
you
adhere
to
new
ones
to
accommodate
the
software.
It
also
allows
you
to
use
your
business
rules
to
verify
remittance
data,
just
as
your
AR
clerks
do
now—but
much
faster.
Improved
customer
service
Automating
allows
you
to
proactively
prevent
customer
service
snafus,
such
as
lost
or
misapplied
payments,
instead
of
reactively
stamping
out
fires
that
spawn
from
them.
The
time
required
to
research
exceptions
is
also
reduced
because
your
remittance
data
is
available
sooner
and
accessible
with
a
few
clicks
of
the
mouse.
AnyDocREMIT
accommodates
your
accounting
processes
and
rules.
Hundreds
of
built-in
rules
can
be
implemented
with
point-and-click
ease,
such
as:
- Subtotal and columnar math checking
- Two-way matching between invoices and remittances
- Safeguarding against duplicate payments
- Ensuring dates are in a valid date range
- Verifying payment matches negotiated agreements
- Setting thresholds for supervisor review
*SAP®
Certified
Integration
using
AnyDoc®EXCHANGEit
5.1.
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