Creditron, a leading provider of receivables processing technology announced today that 2015 has been a breakthrough year for its integrated receivables platform. Creditron added to its base of over 400 customers across North America with strong growth in 2015 in various industry verticals including financial institutions, government and non-profit organizations.
2015’s success is attributed to the value which integrated receivables processing offers to organizations. According to recent studies nearly two-thirds of billers are dissatisfied with their receivable processes. This is due to the ever-expanding mix of payment channels, the lack of standards for remittance data, unauthorized deductions, and the problem of payments and remittance documents that arrive separately.
These factors have combined to form a need for advanced solutions that address the evolving world of payments. Creditron’s platform is uniquely suited to meet the rapidly growing needs of organizations in today’s payment marketspace. Creditron enables organizations to capture anywhere, key anywhere, and deposit anywhere - reducing processing costs and decreasing cycle times. The powerful real-time dashboard allows financial managers to monitor and prioritize workflow, improving visibility and working capital management.
Whether payments are received through the mail, electronically, scanned at a remote office or captured on a mobile device most are processed straight through to posting and electronic deposit, and exceptions are delivered to a powerful workflow engine. Relevant metrics, including comprehensive auditing, consolidated views and detailed reporting are available to key stakeholders on demand.
“We are pleased to see that our focus on integrated receivables is meeting market demand.” stated Creditron CEO Wally Vogel, “Receivables processing today requires far more than imaging – and the imaging systems that target paper transactions are no longer adequate. We have invested and continue to invest in a platform that responds to the needs of today… and tomorrow”