Home  ׀  Contact Us  ׀  SOAR Login  ׀  Site Map

Moving from Paper to Electronic Processing
Accounts Receivable Conversion (ARC) will change the way you process check payments forever. By converting your eligible payments to electronic transactions and processing them automatically through the ACH network, you no longer need to manually tally deposits and deliver them to the bank.

Solutran's Accounts Receivable Conversion services are designed to help you be more efficient in processing, centralizing, tracking, and researching your transactions. Consumers continue to enjoy the convenience of mailing in their payments while you benefit from administrative returns management, comprehensive reporting, and automated and accelerated return item processing.

Automate and Accelerate Returned Item Processing
Using the ACH network helps streamline processing in many ways, including returned items. Solutran's Accounts Receivable Conversion solution and our comprehensive returned item processing systems operate on the same platform to recover your returned items as quickly and cost-effectively as possible. Our returns management system allows you to schedule re-presentments that will coincide with the highest possible clear rates. And our unique and customized reporting is available online for easy reconciliation, information, and image access, performance reporting, and information downloads.

Comprehensive Reporting
Solutran's Online Account Reporting (SOAR) system provides immediate Internet-based access to your account information. With SOAR, you can access our comprehensive reporting package, view returned images of source documents, and monitor details of all returned items. Reports include:

- ACH Performance
- Transaction
- Chargeback Transaction
- Balance Reporting

Administrative Returns Management with MICRefine^®
Solutran can manage your administrative returns based on your needs (e.g. re-present the item as paper deposit or chargeback the item) — all with extensive, detailed reporting on the disposition of the item. We conduct extensive data analysis against existing records before testing and implementing into our MICRefine system. MICRefine offers in one repository six years of knowledge on ACH eligibility and repair that Solutran has accumulated on consumer payments to national retailers and billers; it has the capability to accept your raw MICR files, convert them to allow for ACH processing, and flag items not eligible for ACH.

Accounts Receivable Conversion: How It Works
With Solutran's Accounts Receivable Conversion solution, customers submit payments to your lockbox or dropbox. The MICR and account information is captured by a MICR reader and the dollar amount is captured electronically or by data entry. The source document is imaged and stored for two years; the transaction data for all payments (and images, if requested) is transmitted electronically to Solutran for processing. All source documents must be destroyed within 14 business days.    

Phone: 763.559.2225     Fax: 763.559.8872     Email: solutions@solutran.com

Products & Services  ׀  Client Service  ׀  News & Events  ׀  About Us  ׀  Resources  ׀  Contact Us  ׀  Site Map