Client story

Automating cheque processing and posting

While cheques are hardly ever used by individuals, they are still common amongst small businesses. Our client, a small factoring firm, found cheque processing very time-consuming.

Our client's cash team spent 75% of their time processing cheques, while cheques only accounted for 7% of all receipts.

How we helped

We investigated several solutions to reduce the time taken—mainly focusing on reducing manual data entry.

We put together a complete end-to-end process, including CIPRO from Business Systems Ltd—driven by a powerful handwriting recognition system from Burroughs Payment Systems.

The final system scans and reads the cheques—including handwritten amounts—seamlessly passing the bank data and cheque values to the back-office systems.

Canon CR55
Canon CR55
Raised hands
Canon CR55 Cheque Scanner

The results

Cheque processing times reduced by 83%.

The system avoids re-keying, but also, because of its in-built validation system it completely eliminated errors. This reduced queries and complaints, providing a better service to the firm's customers.

Zero

errors entered the system

83%

time saving

Service spotlight

Business Software Selection

Choose the right tools for your business.

Choosing the right software for your business can be very time-consuming and stressful.

We have experience of specifying and selecting systems for all sorts of businesses.

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Connect with Middlestone today

We work exclusively with smaller business owners and managers who want to create blissfully efficient businesses. We can help you achieve just that, put us to the test!

Disclaimer

References to other companies and their products use trademarks owned by the respective companies and are for reference purposes only.

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