Red Eagle Automated Payment Processing Software Reduces Accounts Receivable Operating Costs

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Red Eagle Consulting, Inc. helps client reduce the cost of accounts receivable processing with the REAPP™ automated check processing solution. REAPP streamlines the accounts receivable process, preparing the Check 21, or image cash letter, bank deposit and posting the payments to the existing AR system at the same time.

Over the past year, we have added a number of enhancements to REAPP™ and worked with banks to test and verify our generation of Check 21 files

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Red Eagle Consulting completed the rollout and expansion of Red Eagle Automated Payment Processing (REAPP™) software for a large provider of benefit services last quarter. This follows a rollout of REAPP™ earlier this year. The software allows more efficient posting of check payments, while taking advantage of the Check 21 standard to transmit the bank deposit electronically.

REAPP™ uses A2iA CheckReader™, an award-winning, comprehensive check-processing toolkit, to automatically extract required check information, providing business customers with an alternative to traditional remote deposit scanners or lockbox services. Unlike similar applications, REAPP™ doesn't require a specialized check scanner, so users do not need to scan checks separately from other pages that may be included in the payment envelope. By keeping the checks and other information together, users post payments to existing accounts receivable systems more quickly and accurately, and maintain tighter controls over the paper checks. With its open integration points, REAPP™ provides for coinciding updates to existing line of business systems, electronic bank deposits, and document management.

Changing their accounts receivable process to utilize REAPP™ has allowed Red Eagle Consulting's client to post check payments more quickly, reducing the processing costs associated with each check payment. By keeping the customer checks and correspondence together, accounts receivable specialists are able to more quickly research potential issues with customer accounts.

"Over the past year, we have added a number of enhancements to REAPP™ and worked with banks to test and verify our generation of Check 21 files," states J. E. Weatherford, President of Red Eagle Consulting. "We're very pleased with our customer's success and decision to utilize REAPP™ in more than one department."

About Red Eagle Consulting, Inc.
Red Eagle Consulting is a systems integrator and software developer based in Marietta, GA. The company specializes in providing solutions that add efficiency to business processes through automation and data capture. Red Eagle Consulting works with business customers in a variety of industries. For more information call 770-528-8050 or visit the company's web site at http://www.RedEagleConsulting.com.

About A2iA
A2iA, Artificial Intelligence and Image Analysis (http://www.a2ia.com), is the worldwide leading developer of handwritten and machine printed text recognition, information extraction and intelligent document classification toolkits. By enhancing solutions from systems integrators and independent software vendors, A2iA allows complex and cursive data from all types of forms, documents and checks, including unstructured handwritten letters, to become part of a structured database, making it searchable and reportable, with the same level of flexibility as printed or digital data. The company's proprietary OCR, ICR and IWR toolkits do not contain any third-party technology and are available in 23-country versions and 6-languages. Proven to reduce costs and nearly eliminate data-entry and manual document processing, A2iA's technology has been improving business process automation and providing a visible ROI for nearly 20 years as it enhances forms-processing, transaction-processing, content management, document management, and knowledge management systems worldwide. For more information, visit http://www.a2ia.com or call +1 917-237-0390 within the Americas, or +33 1 44 42 00 80 within EMEA or Asia.

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Kimberley Weatherford

Cynthia Murray
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