Solution
Digitisation of checks – from manual to digital
Automated digitisation of checks for a stronger cash flow
Digitisation of checks – blend digital and physical payments
It can be tricky to process checks, especially as payments are increasingly digital. XBP Europe’s digitisation of checks service overcomes this challenge. It accelerates check processing. It also unites physical and digital information to create an integrated flow of usable payment data.
A comprehensive digitisation of checks solution
Receiving, recording or lodging checks, and tracking relevant data is automated. This streamlines the entire process.
Better cash flow
The various delays associated with handling physical checks are eliminated, so the funds they contain enter the cash flow quicker.
Less error
Smart technologies ensure the accurate capture of data on checks, reducing the risk of manual error and payment delays.
Business process mapping, assessment, controls
Mapping processes across departments enables operational excellence by identifying potential risks. Contractual and regulatory requirements are reviewed and controls developed to mitigate process issues.
Features
Digitisation of checks is the smart way to transform what has traditionally been a manual, time-consuming process.
XBP Europe can receive checks on an organisation’s behalf. On receipt they are read using smart AI technologies, sorted and archived where needed. All the data within them becomes digital, making it shareable with banking and ERP systems. With checks no longer waiting around to be deposited, money enters the system faster with long-term benefits for cash flow.
Checks can be received on an organisation’s behalf
Smart technologies ensure accurate check reading and avoid data input errors
The data in each check can be fed into other systems, such as ERP
Digitisation of checks ensures faster processing and adding payments to cash flow
Physical checks can be archived for future reference