Open Scan, a Division of Billtrust, Announces Beta Release of Mobile Payment Capture
DENVER, CO – (April 22, 2014) – Open Scan, the leader in enterprise cash flow processing automation, announced today Mobile Payment Capture for its receivables automation platform. The solution is compatible with Open Scan’s SaaS-based “Dynamic Receivables” and hosted “Corporate A/R” products and enables smartphone users to capture an image of a check and its remittance in the field, deposit it remotely, and route it to accounts receivable for processing.
Earlier this year, Open Scan announced its partnership with Top Image Systems (TIS) to embed its MobiFLOW technologies into this solution. Top Image Systems (TIS) will provide a Mobile Remittance solution based on these existing technologies which, together with Open Scan’s Dynamic Receivables software, will form Mobile Payment Capture.
The offering is ideal for distributors who collect payments at point of delivery, smaller field offices that lack the volume to support a scanner-based remote deposit capture (RDC) service, and remote locations that want to avoid the footprint of a check and page scanner solution. Mobile Payment Capture allows Open Scan’s large US install base in the transportation, distribution, and manufacturing industries, to process payments in the field at the time of delivery to significantly reduce DSO (Days Sales Outstanding), improve cash flow, and prevent credit holds.
Tim Oliver, Open Scan’s Chief Marketing Officer said, “Open Scan customers need to be able to process payments and remittances at any time and any place. Mobile Payment Capture allows them to do this through its intuitive user interface, high quality image recognition, and strong application performance.”
Headquartered in Hamilton New Jersey, Billtrust is the premier provider of automated invoice-to-cash solutions. Billtrust integrates three key areas of the invoice-to-cash process: presentment, payment, and cash application, helping its clients connect with their customers and cash while strengthening their revenue and cash flow. Working with more than 1,200 North American businesses across B2B and B2C markets, Billtrust’s comprehensive offerings help its clients solidify customer relationships, increase productivity, improve cash flow, and seamlessly migrate to electronic channels. For more information, visit Billtrust at billtemp.wpengine.com.