Checks Collection & Clearing
Faster clearing, collection and return
Despite the move towards a cashless society, checks are still used in large quantities and their obvious role as a voucher-based payment system is undeniable. However, bounced and returned checks are a real pain for all businesses as recovering funds is costly and time-consuming process that impedes cash flow and limits bottom-line profitability.
Sumerge’s checks collection and clearance solution is a complete automated end-to-end platform that reduces the time taken to clear checks by capturing, digitizing and automating check operations and seamlessly integrating with central clearing houses.
- Highly personalized customer communications in real-time, using client information & faster transaction cycles.
Check Image Capturing
With Optical Character Recognition and Intelligent Character Recognition
Optimize check processing operations to reduce data entry & duplication errors
Check Case Management
Handle unstructured processes and adhoc tasks for improved collaboration.
Integration with Core Banking
Transfer information from & to core banking system for checks settlement.
Automatic regulatory compliance checks with credit history, AML status and blacklist
Reporting & Dashboards
Automatically generates check presentment and return reports
What our customers say
Sumerge is one of the best companies I have dealt with. The team is very professional, respectful, punctual and committed to delivering the contracted project on time
Sahar Salah,Vice President, Head of IT, Bank ABC
Sumerge helped us to seamlessly implement a daily vouchers solution where the team provided an exceptional effort to solve any migration issues and finish the implementation with zero data loss or security issues
Shaarawy Mohamed,IT Infrastructure services Manager, FAB
We used Sumerge’s consultancy and experience to implement our Self-Service Portal as they are the best team in the region to implement and use IBM Technology
Ahmed Abd El Hady,IT Division Manager, TE-Data
Thankfully with Sumerge’s ECM solution we now rely on our electronic documents and moved our physical collateral documents to a safe fireproof warehouse, as we no longer need the documents onsite anymore
Tamer Emam,Head of IT, EMRC
With Sumerge we seamlessly implemented automation for our loan appraisal process along with enterprise content management which empowered us to help more citizens find affordable housing more quickly