CommercePayments™ Integrated Receivables
Empower your team to work more efficiently.
Traditional Lockbox models can help handle complex business to business check payments, but an increase of incoming electronic payments creates more work to manually match payments before a completed payment can be posted.
The CommercePayments™ Integrated Receivables solution automatically enables end-to-end service automation by electronically capturing remittance and processing directly from email attachments. Payments and remittance are automatically linked, without the need for human intervention, with payments reconciled directly into corporate account receivables. Deduction coding and management speed up short payment identification and resolution, while invoice presentment and payments further reduce the cost of doing business.
Put integrated receivables to work for your organization.
- Achieve up to a 95% automatic on-invoice hit rate
- Automatically create deductions and capture information such as claim number and reason code
- Apply cash the same day funds hit your bank
- Free up time spent on cash application tasks
- No on-premise hardware or customization necessary
- Cloud-based architecture requires minimal or no IT involvement and eliminates costly and difficult upgrades
Questions? We’re up for the challenge.