Products

Checkmation SOAR®

The Checkmation SOAR® Process:

Checkmation SOAR®

Checkmation SOAR® drastically reduces the time it takes to process check batches. This Solution Milestone will allow scanning of 50 checks in less than a minute. Verification and conversion to images and data takes less than five minutes. Checkmation SOAR® can also be customized to automatically post to accounting and archiving programs, saving on labor costs. Checkmation SOAR® offers its users a high percentage of same day cash availability, faster clearing, faster processing, reduced recording costs and elimination of check transportation costs. Moreover, Checkmation SOAR® customers can save on fees, and are able to conduct image exchange with any image enabled bank in the country.

Checkmation SOAR® - Commanding Performance, Striking Design:

  • A feature-rich highly impressive core product;
  • Easy to install and support;
  • Elegant and familiar interface;
  • Integrates easily with existing systems and applications (including accounting software and archive repositories);
  • Automatic and variable security controls;
  • Scalable from standalone systems to enterprise solutions.

Checkmation SOAR's® Solution Assets:

  • CAR/LARDefinition of 'CAR/LAR' (Courtesy and Legal Amount Recognition);
  • CRICRDefinition of 'CRICR' (Cross Referencing Intelligent Character Recognition);
  • Amount acceptance and rejection;
  • Simultaneous processing at multiple stations;
  • Multiple payment types;
  • Automatic check image endorsementDefinition of 'Check Image Endorsement';
  • Payer recognitionDefinition of 'Payer Recognition';
  • Payee recognitionDefinition of 'Payee Recognition';
  • Signature recognitionDefinition of 'Signature Recognition';
  • Customer and account association;
  • Customized export file;
  • X9.37 Image Cash LetterDefinition of 'X9.37 Image Cash Letter' conversion with automatic Record application;
  • Image and data repository archive and retrieval;
  • Data posting to accounting programs;
  • Compatible with most check scanners;
  • Network compatibility with scanner brand variety.

Checkmation SOAR's® Key Benefits:

  • Drastically reduces check processing labor cost;
  • Eliminates transportation cost;
  • Eliminates costs associated with archiving physical checks;
  • IDs inconsistencies;
  • Vastly improves on clerical errors;
  • Saves on banking fees;
  • Expands cutoff times;
  • Enables better float management.