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.