MONETT, Mo. – ProfitStars, a division of Jack Henry & Associates, has announced a fully hosted version of its proven remittance solution, RemitPlus Express.
According to the company, RemitPlus Express eliminates the need for multiple employees to manually sort, reconcile, process, endorse and post payments, significantly reducing labor costs as well as the potential for human error. All payment details can be easily accessed through a user-friendly browser, arming merchants with comprehensive information at their fingertips, the company said. It added that the offering requires no software installation outside of scanner drivers, and provides financial institutions with a lower cost of entry compared to traditional remittance offerings. Plus, they gain comprehensive disaster recovery and failover support from ProfitStars.
“We are committed to bringing new hosted options to market as we see their ability to present cost-effective alternatives for our clients and their customers,” Russ Bernthal, president of ProfitStars. “RemitPlus Express extends even greater efficiencies and transparency to financial institutions’ electronic remittance processes, reducing the resources and expense of posting recurring payments while also increasing on-time collections and cash flow.”
ProfitStars said RemitPlus Express users have immediate access to scanning, entry, balancing, depositing, reporting and exporting to virtually any billing system directly from their internet browser. The solution is core agnostic and currently supports more than 80 billing and accounting systems and can complete processing at up to 190 documents per minute.