Accelerate Cash Flow with Advanced AR Processing

Companies with as few as two Accounts Receivable Analysts will benefit from our Solution of Capture™ for Accounts Receivable. We help you eliminate the bottlenecks and the impact of unpredictable float times that occur in a manual processing system. Your days sales outstanding (DSO) are reduced when your data is expedited to your financial systems and funds deposited into your accounts. Our solution even generates deposit reports based on your data output, allowing you to prepare deposits quicker and more accurately, with less labor. Quicker deposit times translate to improved working capital and enhanced productivity.

AnyDoc®REMIT from AnyDoc Software is the software behind our Solution of Capture for Accounts Receivable. Like Fastenal Company, we count on AnyDoc’s unsurpassed ability to process both remittances and invoices. In fact, AnyDoc is the only software vendor addressing both remittances and invoices with “out-of-the-box” functionality that does not require customization to the core source code.

Same Day Reconciliation with Lockbox Deposits

For companies using bank lockbox services, Solution of Capture quickly and accurately identifies your key data from the remittances and automatically posts the verified data to any number of accounting and ERP systems including our SAP Certified Integration. We have implemented flexible data exchanges with these fine systems as well:

  • BAAN
  • Oracle
  • PeopleSoft

Streamline Your Payment Receipt to Deposit Cycle

Solution of Capture for Accounts Receivable automatically captures and processes your critical data from remittances, reducing the amount of manual data entry and verification required. You’ll see lower labor costs, increased data accuracy and improved productivity.

For companies receiving checks and remittances prior to deposit, our solution allows you to process your daily transactions upon receipt. Once the checks are scanned, the following transaction information is accurately captured:

  • CAR / LAR
  • MICR
  • Check amount balanced to line items
  • Invoice Validation at line item level

The solution then virtually endorses check in preparation for Check 21 submission, and a single transaction will not hold up the remaining transactions that are ready to deposit.

Adherence to Your Business Rules

Solution of Capture incorporates your business rules and provides exception handling at the transaction level. It’s your business and you decide. The sample list below shows typical rule examples

  • How to automatically post payments when a two way match between invoice and remittance occurs
  • How to apply a check when the amount does not match any open invoices
  • How to apply partial payments
  • How to apply out of balance thresholds using dollar amount, percentage of total or both
  • When a supervisor needs to review payments exceeding certain amounts

You are in control, and you decide the exception processing rules. Should the operator work the exception, or route the exception to a supervisor queue for review, or should the exception automatically route to the supervisor.

The flexibility and functionality of our Solution of Capture for Accounts Receivable is unmatched.

Improved Productivity with Less Labor

Automating your business rules, coupled with MICR and invoice lookups, and row and columnar level subtotaling eliminates guesswork and manual data entry errors. When time-consuming processes and manual data entry errors are eliminated, you have the ability to reassign data entry knowledge workers to business critical tasks and accomplish higher value added assignments.

Solution of Capture for Accounts Receivable Summary

Future Perfect Solutions helps AR departments of any size streamline their operations. Regardless of your checks and remittance volumes, our Solution of Capture for Accounts Receivable scales to meet your needs.

For companies with volumes high enough to justify mail openers and ultra high volume scanners, Solution of Capture directly interfaces with your equipment to take full advantage of your previous investment.

From your mailroom to your bank, we can streamline your accounts receivable process, and deposit check payments directly to the bank. Solution of Capture for Accounts Receivable will

  • 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:
    • 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