SMARTINWARD™ is a cheque clearing system designed and developed to provide banks and financial institutions issuing cheques with comprehensive in-house solution for inbound cheques from Clearing House to banks or financial institutions’ head offices or branches.
SMARTINWARD™ accommodates and creates a streamlined workflow of the end-to-end process of inward clearing processes, starting from MICR code reading, internal Cheque Sorting, Cheque Image Capture, to Cheque Verification. Eliminating redundant process while ensuring the security of the processed cheques, SMARTINWARD™ speed up inward clearing processing time and minimise cheque fraud.
For further process and approval, SMARTINWARD™ enables user to verify cheques and signatures, by giving the user access to the database so that he or she can compare and match the data automatically saved from scanning with the electronic clearing data (ECD) received from ACH.
With fewer sources (manpower), efforts and operational cost required, SMARTINWARD™ offers total control over and improves manageability of the overall inward clearing process at low investment cost.
The application has been successfully integrated with the following machines:
Key Features & Functionalities: