A2iA CheckReader™ Reduces Overhead and Costs by Automatically Extracting Key Data from Checks Within an Accounts Receivable Application

▤ Summary

With its open integration points, REAPP™ allows businesses to post customer payments in a stream-lined process, updating both the existing accounts receivable software, as well as creating the Check 21, or image cash letter, deposit for the financial institution.“Over the past year, we have added a number of enhancements to REAPP™ and worked with banks to test and verify our generation of Check 21 files,” states J. E. Weatherford, President of Red Eagle Consulting.By automatically locating and extracting key information from checks, A2iA CheckReader’s proprietary advanced image analysis and intelligent recognition engines reduce overhead and operating costs, and speed the transaction process.Easily integrated into existing AR software, REAPP™ allows users to quickly and easily post payments to customer accounts.With its open integration points, REAPP™ allows businesses to post customer payments in a stream-lined process, updating both the existing accounts receivable software, as well as creating the Check 21, or image cash letter, deposit for the financial institution.With support for multiple bank accounts and multiple accounts receivable processes, REAPP™ significantly reduces the operational costs associated with payment processing and eliminates lock box fees, and gives customers the freedom to change banking relationships as needed.Red Eagle Consulting recently completed the rollout and expansion of REAPP™ for a large provider of benefit services, which followed an earlier rollout of the software.About A2iAA2iA, Artificial Intelligence and Image Analysis (www.a2ia.com), is the worldwide leading developer of handwritten and machine printed text recognition, information extraction and intelligent document classification toolkits.

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