Checkmation SOAR (Secure Online Automatic Routing) drastically reduces the time it takes to process check batches. This Solution
Milestone will allow scanning of 50 checks in less than a minute. Verification and
conversion to images and data takes less than five minutes. Checkmation SOAR® can also be customized to automatically post
to accounting and archiving programs, saving on labor costs. Checkmation SOAR® offers its users a high percentage of same day
cash availability, faster clearing, faster processing, reduced recording costs and
elimination of check transportation costs. Moreover, Checkmation SOAR®
customers can save on fees, and are able to conduct image exchange with any image
enabled bank in the country.
Prism is our check image processing and remote forwarding and return solution. Checkmation Prism® reduces in-house processing labor and bank
fees, as well as check storage/transportation costs. It is designed to work
with any image enabled bank (including Federal Reserve banks) and is programmed
to automatically format check images into image enabled paying banks' standards.
With Checkmation Prism®, banks can offer
Checkmation SOAR® to their business customers,
regardless of the customer's proximity.
Checkmation Prism® enables printing of
valid IRDs (Image Replacement Documents / Substitute Checks) when users must
reconvert received, returned or archived check images and data, or create substitute
checks from images they receive from Checkmation SOAR®
customers that must be presented to non-image enabled paying banks. Checkmation Prism® allows its users to maintain relationships with
image and non-image customers and associates alike.
If your organization receives payments with remittance coupons, let us show you
how Checkmation® can automate the data posting
process for both types of documents. Moreover, our remittance add-on includes
an amount acceptance and rejection engine, informing operators of delinquent accounts
more quickly. All data (including images) from both types of items will export to
the document image archive of your choice in an associated format. Checkmation SOAR's® CSV export file will also contain all data from
both item types. The remittance add-on is just one more way that Checkmation® strives to meet all of your needs.
Checkmation's® Key Benefits:
- Drastically reduces check processing labor cost
- Eliminates transportation cost
- Eliminates costs associated with archiving physical checks
- IDs inconsistencies
- Vastly improves on clerical errors
- Saves on banking fees
- Expands cutoff times
- Enables better float management