CheckAlt's Weekly Update: August 14, 2020

CheckAlt achieved an important milestone this week in our trajectory as a universal payments hub for our clients with the launch of Scrypt, an intelligent invoice coding solution that utilizes machine learning and automation to add and manage invoice payments within your enterprise resource planning software.

Scrypt is CheckAlt’s first endeavor into the payables component of treasury management, enabling you to provide intelligent machine-learning technology for invoice scanning to your corporate customers. Whether your customers receive invoices digitally or in the mail, Scrypt can help your corporate customers implement payables automation at a time when they need it most. Scrypt easily integrates with your existing ERP systems, such as property management software Yardi’s Voyager platform, and will automatically identify and match an invoice to the appropriate payment account. Please reach out to your relationship manager for more information about this exciting new solution.

As we continue to monitor the USPS reorganization and heightened concerns about mail delays, our conversations with USPS business representatives remain positive and focused on solutions. At CheckAlt, we have seen some payments that are over a month old coming into our processing centers and are actively enhancing our mail sort processes in response to the systemic USPS changes. It is always our goal to operate efficiently and provide the level of service you have come to expect from CheckAlt.

An article published this week by the Wall Street Journal reminds us of the importance of kindness for our health and success in life. The author, Elizabeth Bernstein, provides 11 tips for being a kinder person a few of which deeply resonated with me and I found worth sharing with our entire team on this morning’s company call as well as with you now:

• Remember your loved ones. Be kind to the people you live with, not just with strangers.
• Be kind to yourself. Being cruel to yourself can lead to burnout.
• Recognize others’ kindness. Thank them by elevating their kindness upward and outward.

We continue to operate at full capacity at each of our sites, sanitizing workstations and reinforcing CDC public health guidelines with all employees. If you plan on venturing out to the beach this weekend, please remember to follow guidelines, watch for sharks in the water, and wear a life jacket.

Stay healthy and safe!
Shai Stern

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