Batch Management & Deposits Simplified
iNovah is the place to manage your electronic deposits and balance your batches.
By gaining the ability to deposit checks electronically and manage your batches in one central place, you can eliminate the process challenges and inefficiencies that accompany manual bank deposits and balancing.
Easy eCheck deposits to the bank of your choice.
Say goodbye to physical check deposits with iNovah. The hub’s Image Cash Letter module enables your organization to scan checks at the counter and create one or more check image files to be sent directly to the bank. With iNovah’s electronic deposit capabilities, you will simplify your payment processing and eliminate unnecessary trips to the bank.
Advantages of iNovah electronic deposit include:
- Reduced bank-imposed processing fees.
- Pre-printed deposit slips.
- Decreased chance of loss because checks are only handled once.
- Saves staff time and risk during check transport.
- Prebuilt and available for most large banks.
Balance your batches in one place.
iNovah’s batch management capabilities provide a central place for balancing and approving activity from across all departments and payment channels within your organization.
Whether you have 10 batches or 1,000 batches to manage, iNovah allows your team to follow a single process to consolidate and manage revenue. With the appropriate permissions, your users can access batch management screens from any computer through iNovah’s simple browser-based technology.
The balancing process is in your control. It is typically a two-step process where batches are first balanced, and then approved. With these steps, batches are often balanced by one person and authorized by another. But the choice is yours. One person can be permitted to perform both steps with the appropriate security permissions – you know your business needs best.
iNovah’s balancing process is designed with flexibility in mind, allowing it to fit the business process of any organization.