What are the major challenges in the cash application process?
Manual remittance data capture from various formats and sources, paying lockbox fees for checks, coding ERP codes to disputes, and missing remittance scenarios are the major challenges, to name a few.
What is the pricing for your cash application software?
Typically, our pricing has two components: the one-time setup fees and a monthly recurring subscription fee. You can get on a call with us and get customized pricing according to your business needs.
How does the software handle data security and privacy?
Security is of paramount importance to each of our customers, as it is to us. We are SSAE16 Soc I Type II certified, PCI-DSS compliant, and CSA registered. We strictly follow all industry standards and best practices.
How many banks does your system currently support?
Bank of America, JP Morgan, CITI, Scotia, Wells Fargo, etc., to name a few. We have integration with a lot of banks.