Aquracy: Payment Processing

Payment Processing

All organizations receive payments. Depending upon the number of payments received daily by your organization this can be a very labor-intensive task. To process these payments your organization must perform the majority of the following tasks each day:

Data enter payment information into your accounting system
Endorse the back of each check
Create daily bank deposit totals
Double verify deposit totals
Manually fill out deposit slips
Manually handle exceptions payments (i.e. customers that don't provide account numbers, etc.)
Make a copy of each check
On occasion retrieve copies of past payment transactions from file

Aquracy, LLC's remittance processing software automates these tasks and more. AQURIT^® gives you the following benefits:

Increased Accuracy in Processing the Payments

AQURIT^® is designed to ensure that the data is captured accurately. As we like to say: Do it once, do it with accuracy!

Labor Savings

Reduces the amount of labor required to process receipt of payments. The software can automatically create an image of each document, capture payment data and customer account information and produce a deposit slip for each batch. The captured data is then automatically sent to your backend accounting system.

Saves Time

Faster and simpler processing of payments allows your organization more time at what you are good at, not on back office chores.

Deals with the Problem of Exceptions

Exception payments that are time consuming to process can be handled automatically using database lookups.

Stronger Customer Relations

Images of past payments can be retrieved immediately which allows you to pay more attention to your customers which keeps them happy.

Reduced Fees

Some scanners allow the checks to be encoded potentially saving bank fees and transaction charges.

Faster Funds Collection

Payments are deposited quickly so that there is no hold over. As interest rates rise you will receive more interest revenues from float.

To find out more about AQURIT^® and how it can save you money and time please call us at 205-290-8131 or fill out our on-line survey and a sales representative will get back to you immediately.


	Payment Processing All organizations receive payments. Depending upon the number of payments received daily by your organization this can be a very labor-intensive task. To process these payments your organization must perform the majority of the following tasks each day: Data enter payment information into your accounting system Endorse the back of each check Create daily bank deposit totals Double verify deposit totals Manually fill out deposit slips Manually handle exceptions payments (i.e. customers that don't provide account numbers, etc.) Make a copy of each check On occasion retrieve copies of past payment transactions from file Aquracy, LLC's remittance processing software automates these tasks and more. AQURIT^® gives you the following benefits: Increased Accuracy in Processing the Payments AQURIT^® is designed to ensure that the data is captured accurately. As we like to say: Do it once, do it with accuracy! Labor Savings Reduces the amount of labor required to process receipt of payments. The software can automatically create an image of each document, capture payment data and customer account information and produce a deposit slip for each batch. The captured data is then automatically sent to your backend accounting system. Saves Time Faster and simpler processing of payments allows your organization more time at what you are good at, not on back office chores. Deals with the Problem of Exceptions Exception payments that are time consuming to process can be handled automatically using database lookups. Stronger Customer Relations Images of past payments can be retrieved immediately which allows you to pay more attention to your customers which keeps them happy. Reduced Fees Some scanners allow the checks to be encoded potentially saving bank fees and transaction charges. Faster Funds Collection Payments are deposited quickly so that there is no hold over. As interest rates rise you will receive more interest revenues from float. To find out more about AQURIT^® and how it can save you money and time please call us at 205-290-8131 or fill out our on-line survey and a sales representative will get back to you immediately.