Automatic Payment Processing
The A.L.S. Lease Accounting and Management System and the Loan Accounting and Management System can process multiple payments for you from an imported data source. If you have a lockbox system or have your payments sent to an outside source we can make it easy for you to update your system with these gathered payments. All we need is a data file from the outside source and you are good to go.
The Automatic Payment Processing module takes these outside source import files and places them in a format that can be easily processed. The operator need only tell the system the name of the file to be processed. From there each payment in the file is updated to the proper account. The operator still has the opportunity to distribute the funds to outstanding charges due or, like in most cases, if the payments are for the standard monthly charges due the payment flows right through and goes on to the next payment to be processed. Imagine 1 to 1600 payments processed with just a few entries on your keyboard.
All the payments processed through the Automatic Payment Processing Module appear on the Posting Journal Report and are reflected everywhere payments processed individually would be. Account payment histories are updated and current balances are immediately affected. The only difference you will notice will be the amount of time your operator now has for other tasks!
