Product/Service

Remittance Processing: KeyMark Document Management Solutions

Source: KeyMark Inc.

Remittance Processing: KeyMark Document Management Solutions
KeyMark wants to help your company with your receipts, billing, reporting and overall accounts receivable management. From your mailroom to the bank, KeyMark can streamline the process.

KeyMark wants to help your company with your receipts, billing, reporting and overall accounts receivable management. From your mailroom to the bank, KeyMark can streamline the process. With multiple industry-proven tools, KeyMark can open, scan, process and track incoming remittance mail from customers. We can then route to the correct processor and deposit check payments directly to the bank.

KeyMitt™ images the check and all other transaction content, including envelopes and determines the amount (CAR/LAR/KFI) and MICR information, balances the transactions and provides exception handling at the transaction level. A single transaction will not hold up the remaining transactions that are ready to deposit.

With KeyMitt™

  • Reduce the amount of time spent on the prepping and sorting of mail
  • Reduce manual keying of information
  • Image all documents right out of the envelope with very little handling
  • Handle Exception Processing such as:
    • Out-of-balance transactions
    • "Multi" and check-only transactions
    • White mail
    • Fund-splits
    • Address Changes
    • Correspondence
    • Cash and Money-order payments
    • Many others
  • Provide web access for remote employees
  • Electronically deposit to the bank with e-posit™
  • Replace existing antiquated encoding/endorsing hardware
  • Use one solution for all inbound mail
  • Integrate with your billing or line of business application.