Corcentric Announces Straight Through Processing with their New Accounts Receivable Automation Solution by news1888PressRelease

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(1888PressRelease) Service Captures Data from Checks and Remittance Advice at a Significantly Lower Cost.

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									Corcentric Announces Straight Through Processing with their New Accounts
Receivable Automation Solution




(1888PressRelease) Service Captures Data from Checks and Remittance Advice at a
Significantly Lower Cost.

(1888PressRelease) McLean, VA - Corcentric, a leading provider of accounts receivable
automation and helping companies reduce the costs associated with processing business-to-
business transactions, today announced a new check imaging service to help automate the
reconciliation process to complement their accounts payable automation solution. Data is
digitally captured from checks and remittance advice at a cost that is 50% less than what others
charge for the same service.

By implementing Corcentric's check imaging solution, companies are able to convert from a
paper-intensive process to a more efficient electronic method providing straight through
processing with their accounting systems. This solution reduces operating costs and streamlines
the distribution of information; giving companies a competitive advantage by improving cash
flow and operational efficiencies that allow them to make deposits available in a shorter period
of time.

Corcentric translates scans of the checks and remittance advice and extracts the data using new
and improved proprietary technologies, which further validates and crosschecks data to ensure
accuracy. The information is then formatted and made available to be imported into the client's
accounting system as part of the accounts receivable automation process.

"For companies that are manually reconciling payments, our solution will drastically reduce
overhead costs and dramatically speed up cash allocation. If they're currently using a bank or
service to perform the remittance data capture, they are paying significantly more than they
should. We are able to reduce their costs by 50% for the same service," stated Dave Lindeen,
Vice President of Corcentric.

Corcentric is a leading provider of financial process automation solutions, specializing in
accounts payable automation. By creating a paperless conduit between Procurement, Accounts
Payable, Accounts Receivable, and suppliers, Corcentric allows companies to immediately
manage 100% of their invoices electronically. Our cloud-based (SaaS) architecture allows for
solutions to be configured in days rather than months for rapid return on investment.
Corcentric was founded in 1998 and is headquartered in McLean, Virginia with offices in Cherry
Hill, NJ; Oakbrook Terrace, IL; Coral Springs, FL; and Saddlebrook, NJ. More than 3,000
companies rely on Corcentric solutions to automate their business commerce needs.

For more information on Corcentric, call 630.925.7677 or visit www.corcentric.com.



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