Payment and check order operations involve several steps - data entry, routing, clearing, and posting of payments – and various financial business systems, clearing systems, and service providers. While primarily transactional in nature, the data produced houses information that can be leveraged for competitive advantage and to uncover new opportunities.
Enterprise Content Management (ECM) solutions from Open Text for payments/check order operations deliver this functionality with the following components:
Software: Archiving & Imaging, Business Process Management, Document Management & Collaboration, Extensions for Oracle, Extensions for SAP® Solutions, High Volume Document Processing, Knowledge Management, Report & Output Management
Supplemented by Business Content (e.g., predefined workflows) to give you a head-start in configuring workstreams and processes, Consulting Services, Training and Support tailored to meet your requirements.
Reduce administration, improve business processes
Reduce error rate using automated processes
Reduce costs for different processing methods
Degree of Straight Through Processing (STP)