Suppliers of remote deposit processing services are offering the latest technology in online Depositnow services today. Depositnow is a system that makes it possible for companies to process their check deposits at the very comfort of their company PC using Windows Vista Business and PASS ™ (payments as a secure service) via PASS commerce center. DepositNow allows you the ability to scan your checks using a desktop PC and process your bank deposits online. This electronic deposit technology innovation can be used and is compatible with the system requirements and programs of any banks in US so there is no need to change banks. What remains to be the only the requirement is the addition and installation of the Depositnow program to your PCs.
Avoid costly time consuming trips, travel accident insurance of your staff and make your callback of check deposits right at the security of your offices. Turn your PCs into a powerful banking tool by integrating Depositnow into your system. There is no need to fret about regulating your check acceptance and have everything typewritten because Depositnow can read handwritten dollar amount on a check. Another good feature of the program is its ability to match correct customer and invoice with your present Quickbook or PeachTree accounting programs.
This online bank deposit technology practically saves you a lot of variable expense including monitoring and recording of your account receivables and invoicing. Keep your checks at your company’s vault for retrieval only in cases of returned checks or miscellaneous internal transaction reconciliation at month end. Corrections on entry are easier done online as long as you do it within bank clearing cut off time. Otherwise everything can be done on the next banking day.
Remote deposits became legal in US since 2004 but less people have been using the technology for two obvious reasons: unsubstantial information and conservative view that seems to resist change. A kind of an observe and take later technology is good but four years had already passed and everything has been going smoothly because the makers of Depositnow created and integrated high security feature in the system. Trust that your businesses will run smoothly without reducing your profit equation as you enjoy the technology’s cost and convenience benefits. You don’t have to make an issue on the official business travel time of your staff anymore and no more fear of physically losing checks. The transaction is web based and can be done even when offline. So you can save your transactions if you have high volume of check deposits as you go with work and transmit it one time online.
Handling of checks is only from your customer to your accounting staff in charge of keeping the checks and the Depositnow processing. Reduce the risk of losing checks and erroneous entry. Think of the old system processing paper flow. The check comes from your customers to your sales then to accounting for recording then to your deposit-in-charge. The deposit-in-charge goes out of your company’s premises to your bank holding a travel accident insurance policy and another policy for the total value protection of the deposit. The receiving teller accepts the deposit, encodes the amount which may make your man return to the bank the next day if there are any errors in the validation for reconciliation. The check then goes to the bank’s accounting and clearing officers to be sent or relayed to the drawing bank whichever is their system. If you use Depositnow it would only be two ways, from your customer it goes to your accounting department for recording and transmittal of deposits then stays at your vault forever and goes out only if you have problems with any of the check transactions. Isn’t that beautiful? You have total control of your physical checks, of your employee’s time, less insurance premium policies and you definitely are given the opportunity to make your own callback of transactions at your offices. Depositnow has been awarded a Tax & Accounting Technology Innovation Award last June 2007 for its time saving contribution in small business accounting by the CPA Technology Advisor which is a leading technology magazine for accountants.
Depositnow has proudly developed their own scanner at a reduced price of only $225 or less that works as a regular scanner for your other business transactions and at the same time acts as a special scanner for your bank check deposits. What’s the benefit of buying the additional scanner from Depositnow? Mainly cost benefits at half the price compared from the other scanners being sold in the open market and other distinct features that are system friendly. Simply scan the front and back of the check to be able to upload its electronic image and transmit your deposit over the internet in a secure server to your bank. Please go to the site http://www.depositnow.com to read more of its product features and to order for your scanners.
Please note that ordinary PC scanners can still be used for the program but if you are going to buy a new one I would advise buying their scanners with additional features.
In the site you may opt to sign up for their online deposit service and enter my blog’s name Silent Writer as a promo code when you order. The cost of the plan is dependent on your volume of check transaction per month. Please inquire at the site’s toll free call service or email contact form for their guidelines and security requirements to make you feel more confident in using their service. Remember time is very relevant with Depositnow because you get to deposit your checks on date and get your checks cleared in less processing time.
