Keep Online Bill Payments Online with Catch!
CheckAlt’s electronic lockbox solution Catch! keeps online bill payments online, improving cash flow from a week to 1-2 business days.
Payments processed through online banking are received into Catch! to ensure payments remain electronic instead of becoming printed checks that are mailed to your lockbox. CheckAlt consolidates this data with your lockbox payments in a secure, online portal for streamlined exception management and reporting.
With Catch!, CheckAlt ensures that payers can instantly find their biller and make the electronic payment when using online banking. By maintaining direct links to major payment originators, payments are channeled electronically using Catch! each day and are then posted into the biller’s bank account.
The Catch! solution can: streamline operations, simplify reconciliation, improve cash flow, reduce errors, and reduce waste.
Catch! complements your existing lockbox and other payment channel applications with CheckAlt. Any payments received via Catch! can be fully integrated within reports and data from those channels. With CheckAlt, you can have a one-stop integrated receivables processing engine.
Catch! can also be implemented as a stand-alone solution to help small- to mid-sized business transactions (even business-to-business transactions) remain electronic.
Receive your funds from your customers days earlier, reducing your company’s DSO.
Reduce expenses associated with managing paper-based checks by keeping electronic transactions online.
Save time and reduce exceptions with payments posted via an automated process rather than manual data entry.
Implement Catch! as a stand-alone solution, or use it as part of our Integrated Receivables product suite for all your accounts receivable needs.
Reduce the amount of paper checks being printed and mailed, helping your bottom line and the environment.
Provide your small- to mid-sized business customers with the advantages that larger businesses have enjoyed for years.
Convert payments to electronic transfers, leading to integration with same-day ACH/real-time payment services.
Lower exception handling costs with full reporting and electronic logs, making exception handling easier.