In-House ECC

Prompt OnUs

ProgressSoft’s In-House Electronic Check Clearing manages, clears, monitors and controls the check clearing process across all bank branches. It processes in-house checks where the payer and beneficiary accounts reside within the same bank and optimizes it in unification with countrywide check clearing channels.

The solution incorporates a Post-Dated Checks (PDC) component which facilitates truncation and saves time and effort required to maintain and manage PDC paper items.

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Features

Interbranch Check Clearing

Prompt OnUs embraces a built-in standard feature that enables the bank to clear in-house items in an inter-branch environment. This allows the bank’s clients to consolidate their depositing practices into a single bank account regardless of the bank’s branch locations.

Post-Dated Checks

Prompt OnUs captures, fills, validates and maintains post-dated checks in a manageable and secure storage until they are released for interbank or interbranch clearing at the bank or regulatory body.

Convenient Services

Prompt OnUs seamlessly integrates with Electronic Check Clearing solutions to enable banks to avail check images and data to their clients online, reducing branch visits and call center calls for copies or inquiries on issues pertaining to certain checks.

More features

Flexible Workflow

Prompt OnUs provides a defined flexible workflow of approvals that do not exist in Core Banking Systems (CBS). This enables banks to offer better services to their preferred customers.

Value-Added Reporting

Prompt OnUs addresses the internal and external reporting needs of banks by providing a unified system for data mining information of all checks, eliminating the limitations of using various systems that provide partial information.

Unified User Experience

Prompt OnUs furnishes a unified and consolidated user experience among all of ProgressSoft’s Electronic Check Clearing Suite solutions such as Prompt Check, Prompt PDC and Prompt ATM/CDM. A single sign-on can be used for all solutions, with a similar look and feel.

Complete Handling of Checks

Prompt OnUs enables complete in-house clearing, covering check imaging and data capturing, as well as technical and financial clearing. End-of-day reconciliation is also carried out between the general ledger accounts of bank branches.

Benefits

Boosted Efficiency

Reduces the number of systems and vendors that bank needs to manage

Improved Process

Allows for interbranch check clearing to be handled in a prompt manner

Reduced Efforts

Saves time, effort and cost consumed in maintaining and managing PDC paper items

New Services

Enables banks to offer new and better services for their preferred customers

Secured Storage

Provides secure PDC storage that prevents corruption or loss, until their value date

Enhanced Customer Satisfaction

Reduces branch visits and call center calls for inquiries on issues pertaining to checks