Enhanced Lockbox - KlikRemit™
Streamline your receivables processing to reduce cost, improve cash flow and enhance productivity.
An Innovative Lockbox Model
KlikRemit is an incredibly portable, flexible and scalable approach to Retail, Whole-tail and Wholesale Lockbox processing. A fully-hosted lockbox service, it is the foundation of a successful receivables management solution consolidating all payment types from all payment sources.
Its innovative, market-leading design enables companies to quickly and efficiently accelerate the processing of paper-based receivables within a variable-cost environment.
The service is highly-configurable to fit into your business model and allows you to specify the level of control your business maintains. It runs within a SaaS (Software as a Service) business model and is supported by a hub-and-spoke processing platform design.
KlikRemit integrates payments data and delivers the information via a cutting-edge web portal with functionality such as:
Advanced Search
Create a customized, standing search to automatically detect payments in the system meeting search criteria. An automated email function notifies the user when any processed payment meets the pre-established search criteria.
Web Exceptions Decisioning Tool
View and make decisions online intra-day for all items that do not meet payment acceptance rules. Accepted items are deposited by Klik the same day and included within the payment reporting and/or electronic data files. The decisioning tool also offers cutting edge features such as variable input fields per client, client entry of data directly into KlikRemit's payments database, and the ability to split a single payment across multiple invoices.
Notes Feature
An electronic "sticky" note can be posted to images of transactions. Attached notes can be forwarded to other associates as needed. Any notes added will be archived with the image.
Customized Output Reports
During the implementation phase, clients can set up their own series of payment reports. Custom reports can be created upon request and all reports are viewable via the web portal.
Configurable to Fit Your Business Model
Scenario 1: You choose a total outsourced model. We do it all - providing our personnel, equipment and software. We scan and process your payments at one of our nationwide processing sites and run the images against your business rules. We can add a site in a local market preventing customer disruption. You reduce cost and instantly gain access to a nationwide remittance network.
Scenario 2: You choose to maintain your own internal processing site, but connect to our hub site. The internal site simply opens and scans payments. The hub hosts the processing software and all back-end lockbox functions. It's seamless and extremely cost-effective. Once connected to the hub, all sites in the national network are now available as well.
Scenario 3: You choose to maintain your own internal processing sites and software, but use one or more of our sites as a much-needed supplement to your geographical footprint. We integrate our processing sites back into your lockbox system.