Online Banking Concentration - eKlik™
Streamlined, straight-through ePayment processing to dramatically increase your e-rate and decrease days sales outstanding.
eKlik™ merges consumer online bill payments into a single electronic accounts receivable file to billers each day. At the same time, its advanced web-based portal provides easy access to all data, images, reports and exception transactions associated with each payment.
By consolidating online payments from all BSPs, eKlik increases your straight-through electronic payment processing rate and eliminates the need to juggle multiple relationships involving contracts, pricing, data feeds and account reconcilement.
eKlik is a key component of a complete, integrated receivables payment solution to streamline a biller's end-to-end receivables process, from receipt to payment posting. The service is a natural complement to a biller's existing lockbox or payment channel applications -- increasing efficiency and productivity while significantly reducing DSO (days sales outstanding).
eKlik automates a biller's end-to-end receivables process:
- Accelerating funds availability
- Lowering remittance costs
- Reducing exception handling and improving accuracy
- Increasing operating efficiency and productivity