Automated Cheque Settlement
SMARTSETTLEMENT™ covers cheque sorting based on the receiving BSB number, or any nominated criteria based on the MICR code. SMARTSETTLEMENT™ is for clearing houses or any financial institutions handling interbank clearing processes. The application can also produce clearing settlement reports.
SMARTSETTLEMENT™ covers cheque sorting based on the receiving BSB number, or any nominated criteria based on the MICR code. SMARTSETTLEMENT™ is for clearing houses or any financial institutions handling interbank clearing processes. The application can also produce clearing settlement reports.
The Main Features
of Automated Cheque Settlement
Automated Sorting Function based on receiving BSB number
Built in Reject Re-entry / Reject Repair System
Advanced Clearing Reports
Inter-bank transaction Settlement
Integration to Clearing House or Banks' accounting system
**for physical cheque processing
The Key Benefits
of Automated Cheque Settlement
Efficient process of interbank cheque clearing
Automate the whole clearing process from receiving data to settlement
Accountable process with secure system and comprehensive reporting