TPS EFT SmartMatch
TPS EFT SmartMatch automates the process of reconciling and posting electronic payments received in a business bank account, taking your receivables operation to the next level and making processing a breeze! With TPS EFT SmartMatch, bank payment records are imported into the TPS platform to create payment statements that are then electronically matched with the corresponding payment and invoice details received via email.
A statement matching application then allows the operator to review the automated matches and captures any transactions that could not be auto-balanced and validated via EFT SmartMatch and presents them to the operator. The operator can then utilize search features to manually match and key invoices through the system. In addition to Statement Matching, TPS EFT SmartMatch provides an Invoice Keying application to extract the payment data. This invoice data can then be extracted and posted to your internal billing and accounting systems. This saves your organization valuable time and allows you to process and deposit faster.
In times of uncertainty, including the COVID-19 crisis, your cloud-based TPS solution makes it easy to deploy a remote workforce whenever necessary and continue to process your payments without pause.
TPS EFT SmartMatch:
Automates reconciliation and electronic payment posting
Includes Statement Matching and Invoice Keying
Expedites payment posting accelerating cash flow
Lowers operational expenses through automation
Eliminates the need to print bank statements and payment emails
Reduces demand on internal IT resources for upgrades and system maintenance
Reduces accounts receivable posting errors
TPS EFT SmartMatch Features:
Automates the process of matching payment statements to invoice emails
Invoice Keying to easily search and match any statements that were not auto-balanced
Reduces manual matching and eliminates extra printing and re-scanning
Customized configurable business rules and workflow options
Continuous import of bank statements and invoice/payment emails
Central image archive with redaction of sensitive information
Statement Matching auto matches payments with correspondence
Scales with your growth, expand your business without incurring added capital costs
TPS EFT SmartMatch will save your organization significant time and money. Matching payments statements to invoice emails any other way leaves room for error and reduces operational efficiency.
Improve your payments operation, ask about TPS EFT SmartMatch today!
The Clear Payment Processing Difference!