Tangent Systems Offers 1-Pass Arc Conversion
of Check Transactions
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Reduced Paper Handling Provides Dramatic Increase in Productivity
and Lowers TCO
HOFFMAN ESTATES, Ill., February 1, 2004
-- Tangent Systems Inc., an established provider of high-speed
document and transaction processing software, is now offering
a release of its flagship DocuTran® II software that
provides ARC check truncation during the first presentation
of the check to the sorter.
"This is a really big win for organizations that struggle
to make day-of-receipt deposits of all funds," said
Bruce Rennecker, vice president of Marketing for Tangent. "The
amount of time needed to encode checks dropped 80% in our
first test case. Our customer, who was constantly struggling
to make same-day deposits, is now routinely finishing their
work early."
Tangent's 1-pass ARC solution is installed
at a Fortune 500 company that processes in excess of 30
million payments per month. The customer, who has been
using Tangent's 2-pass solution for several months, realized
from the outset that the 1-pass solution was the ultimate
goal. "Even before
getting the 2-pass solution past their pilot phase, our customer
asked us to begin working on a 1-pass solution," said
Rennecker. "DocuTran is such a flexible product that
I knew we'd be able to do this. And the development team
didn't disappoint me. They provided a brilliant solution
that is pretty much a drop-in for every customer that can
make a business case for ARC." Rennecker also notes
that organizations that process a high percentage of personal
checks will find that the hardware requirements drop significantly
providing significant savings in capital expense, maintenance
and energy as well as reducing the physical space required
for the processing center. All this translates directly to
a reduced Total Cost of Ownership.
How It Works
The 1-pass ARC solution has all the flexibility of the celebrated
DocuTran 2-pass solution. Account and transaction rules are
developed by the organization to determine which specific
accounts are either eligible or ineligible as well as specific
transaction eligibility rules (for example, the organization
may decide that no multi check transaction should be truncated.)
In the 1-pass solution single doc/single check transactions
are evaluated for eligibility at full sorter track speed
even on the fastest transports. The checks, and optionally
the stubs, for ARC-eligible transactions are sorted to separate
pockets. This allows running only those checks that must
be deposited as paper in an encode pass.
For multi-check transactions, the 2-pass solution that has
been available in DocuTran for the past year is used to further
reduce the number of items that must be banked.
About Tangent Systems
Tangent Systems Inc., headquartered in Hoffman Estates,
Ill., specializes in the development of software solutions
designed to process high-volume and unique or complex paper-based
transactions. Founded in 1984, Tangent is well known for
its proven and flexible DocuTran software, which is used
on more than 200 systems worldwide and has earned a reputation
for quick and reliable implementation. In addition to software,
the company also provides on-site training, application maintenance
support and software customization tools. For more information
on Tangent Systems Inc. or any of its solutions, call 847/882-3833
or visit www.tangent-systems.com.
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