With the enacting of The Check Clearing for the 21st Century Act (Check 21 Act), it became possible to process checks in a new way, actually, to use their image instead of a paper document, and it became possible to use electronic transport for the transfer of a check. Check 21Act innovation has significantly changed the check processing and nowadays requires completely new approaches to it. If your company’s employees still spend thousands of hours a year doing the boring work manually scanning and processing checks, then it means that you need a new solution to automate this process.
ABBYY FlexiCapture & WiseCHECK
Based on ABBYY FlexiCapture’s smart optical character recognition (OCR) technology, WiseTREND has created its own WiseCHECK plugin that provides all the necessary functionality for automating of check scanning and processing. This is not just a solution to speed up the check processing, but also to increase the accuracy of data processing, that is, to reduce the number of errors. Next, let’s discuss the main advantages provided by the check processing using the WiseCHECK & ABBYY FlexiCapture solution.
High check processing speed
A well-designed workflow, a smart user-friendly verification interface, integration with external business applications and other ABBYY FlexiCapture & WiseCHECK solution features allow you to increase the speed of check processing up to 10 times compared to manual processing.
Implementing smart OCR technology and data capture, data verification and validation using custom business rules, the ability to configure dual verification allows you to reduce the number of errors in check processing several times.
Processing checks from different sources
Processing checks, received by e-mail or in paper form, in one workflow allows you to make the process more transparent to control, which also reduces the number of errors, such as duplicate documents or lost checks.
You do not need to hire urgently new employees if you need to scan and process more checks. ABBYY FlexiCapture & WiseCHECK is not only a smart but also an easily scalable solution, suitable for both small companies and large corporations.
If you still doubt whether it is necessary to automate the check scanning and processing in your company, then do not doubt. Contact us to get a modern smart and fast solution for automating routine check processing.
Ilya Evdokimov is a long-term practitioner and expert in leading Optical Character Recognition (OCR), Data Capture and Document Processing techniques, technologies and solutions. With over 15 years of experience spanning enterprise software implementations, mobile applications development, cloud-based systems integration and desktop-level automation, Ilya Evdokimov uses through industry knowledge and experience to achieve high efficiency and workflow optimization in most challenging paper-dependent and digital image capture environments.