Laserfiche WebLink
When data entry is complete, the City's checks are encoded and funds availability is <br />assigned. Data files are prepared according to your specifications and uploaded to your <br />accounts receivables system. Checks are expedited to maximize the amount of same -day <br />deposit into your account. <br />The City can access your images and data directly from your desktop, in real time via the <br />Internet through our advanced Receivables Edge browser. We can also alert you via <br />Receivables Edge the moment an important transaction is posted. <br />Key Features and Benefits <br />• Eliminate paper -based processing from the accounts receivables function and the associated costs and risk <br />with dependency on paper. <br />• Receive electronic alerts on check returns and important payments. <br />• Save time and money with more efficient, standardized remittance processing through our nationwide <br />network of lockbox facilities. <br />• View remittance information and images online shortly after a deposit is processed. <br />• Access banks and clearing networks across the country to allow you to gain optimal availability for your funds <br />and reduce clearing float. <br />• Rely on uninterrupted processing workflow and disaster recovery with our fully redundant locations and <br />around - the -clock monitoring. <br />We offer two lockbox imaging services for wholesale lockbox clients. <br />Image Transmission: An image file that can be imported into an in -house <br />image system <br />• Receivables Edge: An Internet -based online service <br />Most of our image clients have not invested in an in -house image application and, <br />therefore, have elected to use the online service. For those clients with an in -house image <br />system, receiving a daily file of images and an associated index file that is then <br />incorporated into their internal system has made the image transmission method a <br />better alternative. <br />Single-Use Account Program <br />As part of our development roadmap, J.P. Morgan is in the process of developing single <br />use account (SUA) capability on the smartdata platform. This product has been designed <br />to provide virtual card issuing capability for the U.S. and Canada and is expected to roll <br />out by late 2o16. <br />Page 105 ,1.F°Mor an <br />55E -200 <br />