Online Bank Direct (OBD) simplifies the process of receiving checks from your customers who send you payments using their Bank Bill Pay solution.
Benefits
Saves time and reduces manual processing with auto-match
Significantly reduces the number of bank-issued paper checks
Auto-assigns payment to more than one invoice, if applicable
Simplifies reconciliation and easily exports reports for all transactions
Easy-to-use interface
How does it work?
Payments are automatically received by InvoiceCloud and presented in the Biller Portal
Payments are automatically matched to their corresponding invoice by InvoiceCloud’s propriety smart-match intelligence
If any payments cannot be matched automatically, the system will recommend accounts to match them to so your staff can easily complete the matching process
Payments that are manually matched will be remembered and automatically matched going forward
Payments are reported in two days and deposited within 72 hours
