Dramatically increases the rate of straight-through ePayment processing, and allows for a decrease in days sales outstanding.
eKlik™ simplifies the management of online banking checks by converting them into electronic payments, and merging them into a single electronic accounts receivable file to billers each day. At the same time, its advanced Web portal provides easy access to all data, images, reports and exception transactions associated with each payment.
By consolidating online payments from all bill service providers, eKlik increases billers' straight-through electronic payment processing rate and eliminates the need to juggle multiple relationships involving contracts, pricing, data feeds and account reconcilement.
eKlik is a key component of a complete, integrated receivables payment solution to streamline a biller's end-to-end receivables process, from receipt to payment posting. The service is a natural complement to a biller's existing lockbox applications -- increasing efficiency and productivity while significantly reducing DSO (days sales outstanding).
eKlik enhances the biller's end-to-end receivables process and allows them to: