The WebSeries Check Management application offers organizations both real-time visibility into the status of issued checks, and powerful safeguards against the increasing threat of check fraud - all via a convenient and secure Web browser.
Taking advantage of WebSeries' role as the central channel between an enterprise's ERPs, legacy IT systems and banking relationships, Check Management provides unprecedented visibility into the lifecycle of every issued check, allowing finance managers, customer service personnel — even outside agents — the ability to review and update check details as needed.
Information and Transaction Capabilities Help Mitigate Payment Risk
WebSeries Check Management helps reduce the risks associated with altered or unauthorized checks. Enabling communication with multiple banks across multiple accounts, Check Management uses advanced Positive Pay technology to store issued check information and reformat it in accordance with each bank's specifications. When integrated with Bottomline's capabilities for laser check printing, WebSeries automatically builds and transmits the Positive Pay file to the bank following a check run. Additional information on stops, voids, escheatments, re-issued checks, and manually-written checks can also be added to bank file transmissions to ensure comprehensive control and auditability of all generated payments.
Enhanced, Web-based visibility and access to payment information, regardless of the check's point of origin, also reduces the risk of duplicate or other unauthorized payments, while streamlining check processing and reducing the delays traditionally associated with paper-based check handling requiring multiple faxes, phone calls and letters.
With WebSeries Check Management, enterprises can:
- Automatically create and transmit a file of all checks issued to one or more banks, complete with updated status information of actions including stops, voids, re-issues and escheatments;
- Automatically receive files from banks of all cashed checks against your bank account for Positive Pay processing;
- Accelerate processing and awareness of issued payment status across the organization; and
- Increase corporate protections against payment fraud resulting from altered or unauthorized checks.