Virtual Lockbox

Classification of incoming documents and data extraction from checks, envelops, etc., is a tedious manual process. WorkFusion helps automate this by streamlining digital payment processing and virtual lockbox activities. The automated process includes digitization of most common commercial and personal checks, identification of key information (MICR, serial number, amount, payee, bank), and entry into downstream systems.

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Incoming Payments Review
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Check Processing
Regulators require banks to perform investigations on all payors and payees involved in check transa...
Check Processing
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Wire Transfer Authorization
To enable transfers between bank and investment accounts, clients are required to submit a form alon...
Wire Transfer Authorization
To enable transfers between bank and investment accounts, clients are required to submit a form along with a bank-issued backup document, e.g., voided...
Payment Origination
Use WorkFusion's Intelligent Automation to check that invoices are valid for payment and if so, proc...
Payment Origination
Use WorkFusion's Intelligent Automation to check that invoices are valid for payment and if so, process those payments as per your existing policies. ...
Purchase Order Invoice Validation
Enhance your Accounts Payable timelines by validating invoices against existing purchase orders. Thi...
Purchase Order Invoice Validation
Enhance your Accounts Payable timelines by validating invoices against existing purchase orders. This process can include collecting data from invoice...
Journal Entry
In Journal Entry processing for General Ledgers, each entry is received by a workflow tool with a te...
Journal Entry
In Journal Entry processing for General Ledgers, each entry is received by a workflow tool with a template attached. The entry is validated, balanced,...