Our image-based wholesale lockbox services offer a wide array of possibilities. Clients may choose to simply have checks deposited into their DDA account of choice, with high-quality images attached to their remittance support and sent to their office with a credit advice. Clients with more complex needs could enjoy the same basic services, while utilizing data capture of invoice information for the inclusion with electronic transmissions and direct posting of receivables. Our wholesale services are designed to accommodate the most challenging needs of your clients, capturing and formatting the data to provide dynamic, custom-designed output.
Most processing centers capture invoices and other documents by separating the check from the documents and then re-associating the checks with the proper paperwork after scanning. Image Remit® does not allow even that margin of error. Specialized transports capture, not only check images, but all associated documents, including invoices, envelopes and correspondence, while maintaining the integrity of the entire transaction. Latest Features
Our image-based, retail lockbox offers many of the same powerful features and services as our wholesale solution, with additional functionalities, unique to the retail lockbox processing workflow. Utilizing scan-able coupons, our retail lockbox application enables automated capture of receivables data. Clients have the ability to place various edits on payments, such as: stop payments, variance ranges, date criteria and positive acceptance files. Alphanumeric scan lines can be read and included within check digit routines. Multiple DDA accounts can even be assigned to one lockbox account and differentiated via values on the scan line – an essential requirement for property management lockboxes. As a supplement to the data transmission, clients also have the option of various levels of hardcopy reports, on both a summary level or a detail level. Image Remit® has the ability to process your clients’ retail remittances in a high-speed, efficient manner with all of the systemic edits necessary to ensure the highest possible quality.
Image Remit® offers more than traditional retail processing capabilities, allowing you to offer hybrid-type (“wholetail”) services to your lockbox clients as well. Have a customer with scan-able remittance coupons, who also requires additional data entry field capture, such as remitter name? Need to support cash applications, necessary for efficient processing of mutual fund accounts, newspaper remittances or mortgage payments? Our processors have the ability to allocate one payment into different investment funds, designate additional monies to newspaper tips or qualify how much should be applied to additional principal, escrow or late payments. Now you can fully accommodate those lockbox clients that had never quite fit into the traditional wholesale/retail processing scenario.
Image Remit® now offers healthcare providers the very latest in web-based revenue cycle management. Help your medical lockbox clients speed up their revenue cycle and increase efficiency with advanced features specifically designed with them in mind...
Our cutting-edge image-capture capabilities allow conversion of paper Explanations of Benefits (EOBs) into “auto-postable” electronic records (such as enhanced ANSI 835 files). What’s more, those electronic files are individually customized to each of your clients’ Patient Accounting Systems!Your clients can also take advantage of a growing list of payers able to submit paperless Electronic Remittance Advices (ERAs). With electronic access to over 400 of the largest healthcare payers, many payments can be posted directly to your clients’ patient accounting systems for maximum efficiency. Key Features
Joint solution offers world-class banking and payments processing expertise.
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