Press Release Summary:
Accelerating accurate posting of bill payments, Clearingworks - Integrated Receivables augments traditional lockbox, ACH, and wire services. Program brings together accounting information with payment transactions for true picture of entire receivables position. Smart re-association of incoming ACH, Wires, and consolidator payments minimizes manual effort of cash application, while predictive analysis of cash flows and payment trends optimizes business management.
Original Press Release:
US Dataworks Transforms Receivables Management at Annual AFP Conference
Clearingworks - Integrated Receivables accelerates the accurate posting of bill payments - augmenting traditional lockbox, ACH and wire services
SUGAR LAND, Texas, -- US Dataworks, Inc. (OTC PinkSheets: UDWK), a leader in payment processing solutions, will transform treasury management services at the annual Association for Financial Professionals Conference in Washington D.C. November 2 - 5 by introducing Clearingworks - Integrated Receivables at Booth 1004. Banks will transform their traditional treasury management services by providing a solution that brings together accounting information with payment transactions for a true picture of the entire receivables position.
Leilani Doyle, VP Product Management stated, "The move to electronic bill payment increased the complexity of payment processing. Billers now receive payments from as many as 15 different payment channels - each with different formats, timelines and business rules. Many times billers rely on email to determine how to apply payments. Clearingworks - Integrated Receivables brings invoices, payments and notices together in one single solution to accelerate cash application."
Key Benefits include:
-- Smart re-association of incoming ACH, Wires and consolidator payments reduces manual effort of cash application
-- Predictive analysis of cash flows and payment trends enhances business management
-- Actionable information uncovers hidden nuggets of data leading to enhanced receivables management
Financial institutions will offer this new solution to the business customers to transform traditional lockbox, ACH and wire services to a total receivables management solution.
About US Dataworks
US Dataworks is a leading innovator in payment processing technology. Our Clearingworks platform is a highly-scalable, open and cloud-optimized payment-processing platform, capable of handling all forms of payments. The Clearingworks platform is trusted to process billions of dollars in payments each day for banks, businesses and government agencies. Additional information about US Dataworks is available at www.usdataworks.com.
CONTACT: Leilani Doyle, 1-281-504-8092, firstname.lastname@example.org