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Top 5 Reasons for Banks to Distribute Branded
Positive Pay Client Software
1. Reduce Costs
Pre-configured software reduces the startup cycle and simplifies
support. When clients' file creation and transmission software is
easy to use and pre-configured with your bank's unique formats,
they can begin transmitting quickly and easily, reducing the need
to rely on your staff for support.
2. Provide an Effective Solution
Many clients ask whether their Excel program serves as a sufficient
tool to participate in their bank's positive pay service. While
Excel is an excellent spreadsheet, it does not provide all the features
desired in a positive pay application.
Positive Pay client-side software should:
• Perform new check (issued and void) identification and selection
• Create a file in the bank's unique format
• Transmit the file
• Confirm, record and provide an audit trail of the transmission
• Perform these steps automatically, without user intervention,
for multiple accounts.
3. Increase Client Retention
By providing OEM/branded software, your bank's name and logo appear
in multiple locations throughout the program. This brand awareness
creates an additional 'point of contact' with your clients, promotes
client loyalty, and differentiates your total product and service
offerings from other providers.
4. Increase Positive Pay Participation
Startup costs and hassles are cited as the primary reasons potential
clients don't participate in their bank's positive pay program.
Pre-configured positive pay software significantly reduces your
clients' startup hassles and expenses.
5. Generate Revenue
If you choose to charge clients a monthly license fee for branded
positive pay software, you can increase revenue in a tangible, bottom-line
contribution without any additional infrastructure costs.
Treasury Software is a leading provider of client-side file creation
and transmission software for Positive Pay and ACH, as well as bank
reconciliation and custom cash management solutions. Designated
a Verified for Windows XP software application by Microsoft, Treasury
Software is a Microsoft Certified Partner. Winner of the Gold Cup
Award from CPA Software News, Treasury Software products are easy
to use, secure and cost effective. For more information: www.TreasurySoftware.com or 866-226-5732.
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