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Key Benefits of NextGen Receivables

NextGen Receivables combines wholesale lockbox, retail lockbox, and electronic lockbox for one simple solution. Experience flexibility in check scanning or document imaging equipment, NEW Financial Dashboards to simplify receivables visualization and research, plus full electronic clearing for all payment types. Additionally, our NextGen Receivables cloud delivery option eliminates the need for expensive hardware or software. Bank lockbox services can also use this technology under our bank partner program.  NextGen Receivables is a powerful addition to your existing treasury management services.

How NextGen Receivables Works

Simply login and be authenticated to our NextGen Receivables Solutions that runs in a secure private cloud. Next, you are ready to start scanning your remittance documents and checks. All information is encrypted and sent to our PCI and SSAE-16 compliant data center. Image analysis is performed, along with payment account validation, stub and check balancing, duplicate detection, and identification of a request for change of address.  Other correspondence is also captured and stored with the payment transaction.

Supported scanning equipment includes:

Learn more with our Receivables Case Studies >>

Dashboards Designed Around Your Remittance Processes 

Every business has a unique set of operational processes when it comes to remittance and lockbox processing. NextGen Receivables Solution makes it simple to tailor your lockbox processing without the expense and time delays of traditional legacy systems. Our unique dashboard approach lets you drag and drop workflow gauges, reports, and charts directly onto your dashboard for a custom user experience without the custom price. 

  • Decrease implementation time and expense by eliminating customizations.
  • Accelerate training and operation adoption with dashboards configured for your specific lockbox workflow.
  • Control access to private information with dashboards designed for specific user roles.
  • Share information throughout the organization with appropriate privacy and security controls.
  • Work from anywhere with the flexibility of cloud delivery.

Your dedicated US Dataworks Client Success Manager will deliver an initial set of dashboards defined in the implementation plan. Use our training guides and online videos to explore new dashboard options and features as they become available.

Simple Electronic Clearing

Electronic check conversion and image clearing are the new standards for remittance automation.  More businesses trust Clearingworks with electronic check conversion than any other lockbox solution provider. In fact, we process 40% of all ARC conversions according to NACHA statistics due to our speed, reliability, and low administrative return rate. Our clients also value many other benefits of our simple electronic clearing including:

  • Maintaining financial institutions or depository relations through simple configuration.
  • Eliminating expensive customization fees and extended test cycles with proven ACH file creation and X9 Image Cash Letter formats.
  • Automating return handling to reduce time spent processing exceptions.
  • Integrating with any accounting or CIS system for accurate and timely receivable updates.

All payment information, clearing lifecycles, and audit details are stored for 30 days. This allows ample time for most returned item processing requests and customer research. Extended payment history and full image archive for up to seven years and powerful business analytics are available as an optional service.

It's time to Trade-up your old Lockbox today.