On-Demand AP/Payroll Check Issuance

Accounts payable and payroll check issuance is a costly, yet essential function for many financial institutions of all sizes. However, many bankers are asking themselves, "How can we cut the time consuming and expensive processes surrounding check issuance for branch locations?"

Source Technologies' comprehensive AP/payroll solution combines our CheckPartner™ departmental check printing software and our secure, standard or multi-function MICR (magnetic ink character recognition) laser check printers. Together they provide a fast, cost-effective, and secure way to conduct remote, on-demand printing of MICR checks and other sensitive documents, while maintaining centralized approval and control of the process.

This solution gives banks and credit unions with many locations a more efficient and effective method for printing MICR checks on location, rather than at a central location. With browser access to CheckPartner local staff can print MICR-encoded checks in real-time. And, the functionality of the MFP printer includes printing, scanning, copying and faxing. This allows for device consolidation and streamlining of business process workflow.

This system provides many benefits for financial instituions with multiple locations:

• Ability to request and print checks on-demand in every branch, nationwide
• Monitoring of check-printing activity at multiple branches from a central location
• Fully automated control, reporting, and auditing over your check issuance process
• Elimination of check fraud: on-demand payroll checks eliminate the cost of purchasing, handling, storing, and securing pre-printed check stock
• Distributed check printing eliminates check courier costs

When combined, CheckPartner and Source Technologies' MICR printers offer the most secure way to print checks available today. All data is encrypted through the entire process, from the central location, to the remote PC and all the way to the printer. Source Technologies' printers "talk back" in real-time to CheckPartner, so you always know the status of your disbursements. Complete transaction visibility, electronic auditing, and full reporting make this solution robust and easy-to-use.

With Source Technologies' on-demand AP/payroll solution, secure documents can be sent in real-time. The implementation of a centrally managed system at your remote locations facilitates secure remote check printing, and can drastically cut operational expenses.

On-Demand AP/Payroll Check Issuance: Highlights

• Central control and approval is maintained throughout the entire process.
• Remote offices print all types of approved checks on-demand, and in real-time
• Easy to deploy and cost effective: Typical return on investment is approximately twelve months.