While the future of how we manage and process payments is undoubtedly trending towards electronic methods and channels, check processing is—and will continue to be—the foundation of accounts receivable (A/R) operations. Regardless of the increased use of online and digital channels, used by large and small businesses, consumers and banks; the oversight, management, deposit, and posting of paper checks is key to receivable operations.
Accelerate and automate your check-based A/R requirements with seamlessly integrated, flexible remote deposit capture (RDC) and mobile remote deposit capture (mRDC) applications that can centralize not only your check processing operations, but also, any payment method (debit/credit card, check, cash, and ACH transactions)—all from a single, cloud-based platform.
FTNI's ETran platform is a Software-as-a-Service (SaaS), modular solution suite ideal for businesses with one or many locations, divisions, brands, or channels. ETran's remote deposit system conveniently supports centralized and distributed check management environments (including mRDC) via a single, easy-to-use interface. And, it enables efficient integration with any market accounting system(s), banks, and virtually any check image/RDC scanner or mobile device as a result of your scanning needs.
With the option to accept, process, post and deposit checks from a single platform, you are able to streamline your receivables by saving time across your organization with faster check processing.
No more tedious trips to the bank for manual check deposits. No more sending and receiving paper checks in the mail from your customers. And, no more manual data entry for your internal team. Discover truly integrated receivables remote deposit capture (RDC) solutions to streamline and accelerate your A/R operations today.
Easily and affordably deployed, implemented and configured remote deposit capture solutions to help you receive, process, post and apply all captured check and remittance items.
ETran's enhanced desktop and mobile remote deposit capture modules help to streamline the RDC process—all with the added benefit of automated cash application into your back-office system(s).
ETran Mobile is seamlessly integrated with the Advanced RDC module, helping you to unlock the power of mobile check acceptance and deposit. ETran’s Mobile RDC (mRDC) capabilities enable your business to securely accept check payments in the field either via a fully-hosted, stand-alone app (iOS and Android), or by integrating our mobile APIs into your own Android or iOS application.
ETran's RDC solutions use magnetic ink character recognition (MICR) matching and optical character recognition (OCR) technology to automatically read and match MICR line, account number, and dollar amount data on checks to customer account information.
By automatically matching incoming checks and remittance documents scanned into the ETran software to customer accounts, manual, error-prone A/R tasks are accelerated, and new workflow automations allow for time to be spent on higher value functions in your internal operations.
ETran's RDC utilizes Intelligent Invoice Matching and Electronic Invoice Presentment/Payment (EIPP) to match checks to outstanding customer invoices for convenient, hassle-free clearing and processing of original checks and associated remittance items.
By bringing in a file feed of all your outstanding invoices and customer information, ETran is able to automatically match incoming physical checks to the dollar amount associated with invoices, as well as customer account information, based upon workflows and rules set up during implementation, reducing the time your A/R team spends on matching data.
ETran is fully agnostic and works with your existing desktop scanner, banking and financial institutions, and back-end system(s). You are able to easily route transactions through any check scanning hardware, transmit the payments to one or multiple banking settlement accounts for deposit, and post the remittance detail to any back-end accounting system in either batch or real-time for straight through processing.
ETran allows you to easily support and deploy centralized or distributed check processing environments via a single, cloud-based user interface.
ETran's Advanced RDC services are completely configurable at the user-level allowing for workflow automation based on business rules defined by you to streamline daily operations. You also have the ability to configure customer data by up to 20 configurable elements for automated posting processes, as well as the ability to configure reports based on your A/R needs including: payment date, deposits, running transaction log, and other general client and transactional information.
ETran's desktop and mobile RDC solutions continue our strategic mission of delivering true integrated receivables that seamlessly integrate with any back-end system in either batch or real-time to streamline and automate cash application.
With ETran's cloud-based architecture, you get the unique benefits of multiple layers of proactive security and compliance.
First, you'll gain PCI and HIPAA compliance directly at the ETran site layer. Second, you'll benefit from industry-leading proactive security (PCI, HITRUST/HIPPA, SSAE16 and more). For more information, visit our service provider, Armor.
In this eBook, learn five ways to improve your business with RDC and mRDC, including the key elements to look for in a RDC solution and the pitfalls that can lie ahead.
In this episode of FTNI's True IR Spotlight Series, Zac Robinson, Senior VP of Sales & Marketing, FTNI, discusses Rural Mutual Insurance's adoption of mRDC, with Theresa Bollig.
Watch the ETran Advanced RDC demo video today to learn how FTNI's RDC solutions deliver the ability to seamlessly accept, process and post check payments.
Unlike a dashboard that only displays transactions from disparate receivable systems, a truly integrated receivables platform accepts, processes and posts any payment type—check, ACH transactions, credit card, debit card, cash—via any payment channel—lockbox (mail), called-in, in-person, online, mobile—on a single, secure (and compliant), SaaS platform.
It's no secret that many companies, across numerous industries, struggle with inefficient, expensive—and often times disparate—remote deposit services and systems. Core to A/R operations and management, check processing is responsible for a large portion of businesses' incoming payments. Businesses need a way to automate and accelerate paper-based receivables to keep up with an ever-evolving landscape.
ETran's Advanced RDC module delivers businesses with the ability to scan checks and remittance advices while seamlessly viewing, associating and storing all account information in a highly-secure (and compliant), central location.
A truly integrated mobile check capture solution goes beyond the traditional mobile banking apps by delivering the ability to automate your receivable processes from acceptance to posting. By implementing mRDC technology into your receivables mix, you will discover a host of benefits.
As adoption grows across your business and users, you will be able to deliver a better, more secure payment experience for your customers. You will also be able to automate and accelerate your receivable processes by accepting check payments in the field, relieving your back-office team from handling incoming checks.
FTNI's integrated receivables platform, ETran, is a cloud-based, desktop software solution that streamlines A/R operations by allowing internal teams to have complete oversight of all incoming payment data. ETran is also agnostic by design, maximizing flexibility and scalability by being compatible with your existing bank, merchant processor, back-end systems, and desktop scanner.