Corcentric Announces Straight Through Processing with Their New Accounts Receivable Automation Solution

Service captures data from checks and remittance advice at a significantly lower cost.

2010-11-12

MCLEAN, VA, November 12, 2010 (Press-News.org) Corcentric, a leading provider of accounts receivable automation and helping companies reduce the costs associated with processing business-to-business transactions, today announced a new check imaging service to help automate the reconciliation process to complement their accounts payable automation solution. Data is digitally captured from checks and remittance advice at a cost that is 50% less than what others charge for the same service.

By implementing Corcentric's check imaging solution, companies are able to convert from a paper-intensive process to a more efficient electronic method providing straight through processing with their accounting systems. This solution reduces operating costs and streamlines the distribution of information; giving companies a competitive advantage by improving cash flow and operational efficiencies that allow them to make deposits available in a shorter period of time.

Corcentric translates scans of the checks and remittance advice and extracts the data using new and improved proprietary technologies, which further validates and crosschecks data to ensure accuracy. The information is then formatted and made available to be imported into the client's accounting system as part of the accounts receivable automation process.

"For companies that are manually reconciling payments, our solution will drastically reduce overhead costs and dramatically speed up cash allocation. If they're currently using a bank or service to perform the remittance data capture, they are paying significantly more than they should. We are able to reduce their costs by 50% for the same service," stated Dave Lindeen, Vice President of Corcentric.

Corcentric is a leading provider of financial process automation solutions, specializing in accounts payable automation. By creating a paperless conduit between Procurement, Accounts Payable, Accounts Receivable, and suppliers, Corcentric allows companies to immediately manage 100% of their invoices electronically. Our cloud-based (SaaS) architecture allows for solutions to be configured in days rather than months for rapid return on investment.

Corcentric was founded in 1998 and is headquartered in McLean, Virginia with offices in Cherry Hill, NJ; Oakbrook Terrace, IL; Coral Springs, FL; and Saddlebrook, NJ. More than 3,000 companies rely on Corcentric solutions to automate their business commerce needs.

For more information on Corcentric, call 630.925.7677 or visit www.corcentric.com.

[Attachments] See images for this press release:

ELSE PRESS RELEASES FROM THIS DATE:

Dorner's New iDrive Conveyor Adds Speed, Capacity for Tight-Space Packaging and Industrial Applications

2010-11-12

Faster speeds, increased weight capacity and indexing capabilities are the characteristics driving Dorner's new 3200 Series iDrive belt conveyor. The iDrive Series, which debuted last year on Dorner's 2200 Series conveyors, represents the latest in conveyor innovation: integrating the motor, gearbox and motor controller all within the frame of the conveyor. This sleek, space-saving design allows the conveyor to fit into the tightest of spaces without worry. Seen as the big brother to the 2200 Series iDrive, the 3200 Series iDrive conveyor is designed for more heavy-duty ...

New class of 'dancing' dendritic cells derived from blood monocytes

2010-11-11

Dendritic cells, known to be the prime movers of the body's immune response, are still notoriously difficult to study in humans. Samples, which come primarily from bone marrow or lymphoid tissue, are simply too difficult to obtain. But new research at Rockefeller University has shown scientists a way to study "authentic" dendritic cells from mouse monocytes, which are abundant in the blood, a much more accessible source in humans. The discovery, published Oct. 29 in Cell, promises to accelerate research into therapeutic uses of dendritic cells in people, particularly in ...

Depression linked to altered activity of circadian rhythm gene

2010-11-11

COLUMBUS, Ohio – Depression appears to be associated with a molecular-level disturbance in the body's 24-hour clock, new research suggests. Scientists examined genes that regulate circadian rhythm in people with and without a history of depression. As a group, those with a history of depression had a higher level of activity of the so-called Clock gene, which has a role in regulating circadian rhythm, than did people with no mood disorders. Higher expression levels of this gene suggest something is amiss in the body's 24-hour biological and behavioral cycle, which ...

UCLA researchers identify molecular program for brain repair following stroke

2010-11-11

A stroke wreaks havoc in the brain, destroying its cells and the connections between them. Depending on its severity and location, a stroke can impact someone's life forever, affecting motor activity, speech, memories, and more. The brain makes an attempt to rally by itself, sprouting a few new connections, called axons, that reconnect some areas of the brain. But the process is weak, and the older the brain, the poorer the repair. Still, understanding the cascade of molecular events that drive even this weak attempt could lead to developing drugs to boost and accelerate ...

New time line for appearances of skeletal animals in fossil record developed by UCSB researchers

2010-11-11

(Santa Barbara, Calif.) –– Beginning around 542 million years ago, a profusion of animals with shells and skeletons began to appear in the fossil record. So many life forms appeared during this time that it is often referred to as the "Cambrian Explosion." Geologists at UC Santa Barbara and a team of co-authors have proposed a rethinking of the timeline of these early animal appearances. Their findings are published in the latest issue of the Geological Society of America Bulletin. Charles Darwin, in his book "On the Origin of Species," was troubled by the way the fossil ...

Novel metamaterial vastly improves quality of ultrasound imaging

2010-11-11

University of California, Berkeley, scientists have found a way to overcome one of the main limitations of ultrasound imaging – the poor resolution of the picture. Everyone who has had an ultrasound, including most pregnant women, is familiar with the impressionistic nature of the images. One of the limits to the detail obtainable with sonography is the frequency of the sound: The basic laws of physics dictate that the smallest objects you can "see" are about the size of the wavelength of the sound waves. For ultrasound of deep tissues in the body, for example, the sound ...

Study finds low birth weight may cause lifelong problems processing medications

2010-11-11

CORVALLIS, Ore. – New research has found that a mother's poor nutrition during pregnancy and nursing can cause problems for her offspring's ability to process medications, even well into adulthood. The results of the study, by Oregon State University researchers, suggest that in the future physicians prescribing drugs ranging from Tylenol to cancer chemotherapies may need to factor birth weight along with body weight into dosing decisions for their patients. In this laboratory study, the kidneys of underweight animals born to mothers fed low-protein diets during pregnancy ...

A love game: Fish courtship more complex than thought

2010-11-11

Monash University researchers have discovered that male Australian desert goby fish are surprisingly strategic when it comes to courtship, adapting their tactics depending on the frequency of their contact with females. Attracting females involves significant time, energy and exposure to predation and previous research has indicated that male gobies are more likely to court larger females due to the number of eggs they carry compared with their smaller counterparts. However, new research, published in the journal Behavioral Ecology and Sociobiology, indicates that ...

Mid-life cholesterol levels not linked to Alzheimer's disease

2010-11-11

ST. PAUL, Minn. – Contrary to earlier research, a new, long-term study suggests that cholesterol level in mid-life may not be linked to later development of Alzheimer's disease, according to a study published in the November 10, 2010, online issue of Neurology®, the medical journal of the American Academy of Neurology. However, the results suggest that large decreases in cholesterol levels in old age could be a better predictor of developing the memory-robbing disease. "While some studies suggest that cholesterol is a risk factor for dementia, others have not replicated ...

High cholesterol in middle age women not a risk factor for Alzheimer's and other dementias

2010-11-11

High cholesterol levels in middle age do not appear to increase women's risk of developing Alzheimer's disease and other forms of dementia later in life, new Johns Hopkins-led research finds, despite a body of scientific evidence long suggesting a link between the two. What the study, published online in the journal Neurology, does find is that women whose cholesterol levels decline from middle age to old age are at 2.5 times greater risk of developing the memory-wasting diseases than those whose cholesterol stayed the same or increased over the years. "Our research ...

LAST 30 PRESS RELEASES:

Time alone heightens ‘threat alert’ in teenagers – even when connecting on social media

Study challenges long-held theories on how migratory birds navigate

Unlocking the secrets of ketosis

AI analysis of PET/CT images can predict side effects of immunotherapy in lung cancer

Making an impact. Research studies a new side of helmet safety: faceguard failures

Specific long term condition combinations have major role in NHS ‘winter pressures’

Men often struggle with transition to fatherhood amid lack of targeted information and support

Immunotherapy drug pembrolizumab improves outcomes for patients with soft tissue sarcoma

A formula for life? New model calculates chances of intelligent beings in our Universe and beyond

Could a genetic flaw be the key to stopping people craving sugary treats?

Experts urge complex systems approach to assess A.I. risks

Fossil fuel CO2 emissions increase again in 2024

Winners of Applied Microbiology International Horizon Awards 2024 announced

A toolkit for unraveling the links between intimate partner violence, trauma and substance misuse

Can everyday physical activity improve cognitive health in middle age?

Updated guidance reaffirms CPR with breaths essential for cardiac arrest following drowning

Study reveals medical boards rarely discipline physician misinformation

New treatment helps children with rare spinal condition regain ability to walk

'Grow Your Own' teacher prep pipeline at the University of Louisiana at Lafayette funded by US Department of Education

Lab-grown human immune system uncovers weakened response in cancer patients

More than 5 million Americans would be eligible for psychedelic therapy, study finds

Children’s Hospital of Philadelphia researchers find community health workers play critical role in coordinating asthma care across home, school and community