Leveraging ACH Transactions for Efficient Payment Processing
Discover how ABC Bank can help streamline your payment processing by providing human-readable reports of your embedded detailed remittance information in ACH transactions. Their service includes delivering reports via email and offering machine-readable files for easy integration into your accounts receivable system, resulting in speed and accuracy improvements. Get started today to enhance your accounting operations with ease!
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Presentation Transcript
Payment and Remittance Information ACB Bank Your tag line or logo here
Who we are Include your institution information here. 2
New Opportunity We have identified that your company is receiving detailed remittance information that is embedded in your Automated Clearing House (ACH) transactions. This information is already stored in your ACH transactions in the form of Financial Electronic Data Interchange (EDI). 3
New Opportunity We can provide you human-readable reports of your EDI information and direct the reports to email addresses that you designate. If your company has an EDI-compatible accounts receivable system, we can provide you a machine- readable file that allows you to upload the payment information into the AR system. This allows your company to benefit from the speed and accuracy improvements associated with straight-through processing (STP). 4
Next steps Ready to get started? Just contact us and we can share some sample reports and the details about the service. You can start receiving these reports in a few short days. 5
New Opportunity This reporting and file delivery service leverages an encrypted email service that transmits and stores your EDI reports. You can easily retrieve these reports and apply the payment information to open Accounts Receivable entries. 6
New Opportunity You can use this EDI information to gain efficiencies in your accounting operations. You don t need to know anything about the complexities of financial EDI. The service will handle all of those details for you and provide you easy-to- read reports. 7
Fee Information Include your fee information here 8
Our strengths ABC Bank is great because #1 #2 #3 9
Contact Information Key contact person Telephone number Email address Web site 10
