RECEIVABLES SOLUTIONS

Do you need help reducing your operational and administrative costs to improve funds availability? Wachovia can collect and process your company’s deposits and customer payments through leading-edge technology and an extensive network of deposit locations. Wachovia has many options to help you manage your accounts receivables.

Account Reconcilement Processing

• Balance your disbursement accounts more easily and quickly with our account reconcilement services that include:
  • Deposit Reconcilement – use one account to identify the source of all deposits.
  • Comprehensive Deposit Reconcilement – allows you to centralize your deposits while maintaining separate accounts for each depositing location.

Remote Deposit Products

• Remote Deposit Capture
  • Scan paper checks from your desktop and electronically send the images to Wachovia for deposit through the Internet, saving time and money.
  • Retrieve your check images for up to seven years through Wachovia Connection, our online treasury management system.
• Remote Image Cash Letter
  • Send cash letters to Wachovia electronically using your company’s own imaging hardware and software and experience improved efficiency and expedited funds availability.

E-Box^® Payment Concentration

• Consolidate paper-based and electronic consumer-initiated payments into a single accounts receivable transmission.

Electronic Bill Presentment and Payment (EBPP)

• Allow your customers to view and pay their bills electronically through your company’s Web site.
• Choose between the “payment only” and “presentment and payment” EBPP solutions.

Electronic Check Conversion Services

• Convert paper check payments to electronic ACH payments.
• Manage all of your check payments and processing with our Electronic Check Conversion services:
  • Corporate Biller ARC (Accounts Receivable Conversion) – converts internally-processed consumer payments to ACH debits.
  • Dropbox ARC – converts consumer check payments received via U.S. mail, over-the-counter, or company’s dropbox location to an ACH debit transaction.
  • Electronic Check Conversion at Point of Purchase – converts consumer checks presented at the point of purchase to ACH debits upon presentment to Wachovia.
  • Re-Presented Check Entry (RCK) – converts any returned paper checks to electronic transactions for re-presentment.
  • Retail Lockbox ARC – converts eligible check payments to ACH debits when remittances are received to your Wachovia Retail Lockbox account.

Electronic Invoice Presentment and Payment (EIPP)

• Manage the billing and collection of your business-to-business receivables.
• Present invoices and receive payments on a customized Web site that’s branded with your company’s information.

Integrated Receivables

• Receive a single, consolidated file of your paper and electronic remittance information to automatically update your accounts receivable system.
• Consolidate information related to ACH, domestic or international wire transfer, and lockbox receipts into a single electronic file.

Lockbox Solutions

• Retail Lockbox
  • Processes your high-volume, low-dollar remittances (mainly consumer-to-business payments).
• Wholesale Lockbox
  • Processes your low-volume, high-dollar remittances (mainly business-to-business payments).
  • Access document and check images quickly and securely over the Internet with Wholesale Lockbox Image.
• Wholetail Lockbox
  • Processes your high-volume, low-dollar remittances with the flexibility and data collection capabilities of wholesale lockbox.

Print Services

• Wachovia prints your company’s invoices, statements, and letters.

Return Item Transmission Extract (RITE)

• Access electronic returned check information quickly.

Related Products and Services
•Online Services
Related Links

•Treasury Services
•Product Brochures for Receivables Solutions
•Remote Deposit Capture Demo
•A Guide to Checks and Check Fraud 

Corporate & Institutional Customer Service