Draft Conversion Plus™

Draft Conversion Plus^TM ("DCP") is a low-cost, high-quality solution for Payment Processing and Accounts Receivable Conversion ("ARC"). DCP uses check image readers to capture check and remittance stub information. MICR line information is converted into ACH form for clearing, and remittance stub information is captured to facilitate accounts receivable updates. DCP's sophisticated image character recognition ("ICR") engine captures MICR line and other information from checks and remittance stubs. DCP's ICR engine recognizes typed, printed, OCR, handwritten and barcode information. Financial institution executives face the challenge of implementing a system that not only accommodates the variety of processing methods used today, but to fully implement check truncation as seamlessly as possible when the Check21 becomes effective. Operational costs are another ongoing dilemma, and processing paper checks manually increases margin for human error and outgoing float.

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Accounts Receivable Conversion

1. Lower payroll costs even more, plus
2. Lower bank fees
3. Fewer trips to the bank
4. Checks clear faster
5. Fewer NSF checks
6. Learn of NSF checks sooner
7. Improved cash flow
8. No data entry into general ledge or other accounting programs
9. Automatic generation of cash letter in lieu of deposit ticket for bank
10. Increased accuracy
11. Check image archive
12. Improved customer service

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Remittance Processing

1. Lower payroll costs
2. No data entry into general ledger or other accounting programs
3. Automatic generation of cash letter in lieu of deposit ticket for bank
4. Increased accuracy
5. Check image archive
6. Improved customer service

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