Maximized Accept Rates and configurable Exception Management system

PayData automatically processes your clean data and provides an easy way to process your  specialized work.  RenovoPay’s solution gets the highest read rates and includes an advanced Exception Management system to process  specialized transactions; all with complete, detailed audit information without having to shuffle paper around offices  
PayData’s Exception Management (EM) manages specialized transactions  Special Transactions can be assigned to EM by an Operator or by PayData’s hot file system. If the initial Operator assigned can reconcile the transaction, enter an electronic note and clear the transaction. Otherwise. the clerk can enter an electronic note and assign it to another category that specializes in the transaction. The process continues until the transaction is either reconciled, suspended, or deleted. All activity of all Operator operations is recorded into PayData’s audit Timeline. The EM system entries are definable by any Operator you authorize.

Categories are configured according to specific needs:

• E.g., Type A—Special Balancing criterion known by two people.
• Lookups – Look up account numbers from previously processed transactions.
• Payers who historically or habitually write bad checks are identified by a Hot File.
• Late payments that require clerical review (may have been mailed before the cutoff date, where the calendar is very close to the cutoff date).
• Correspondence – Handwriting on the bill.

Sample EM Codes are simple to manage