Power2Pay Disbursements
What is Power2Pay?
Power2Pay is a client/service solution that empowers business offices with a full range of print and electronic payment options and extensive security features to prevent the growing threat of fraud.
What does Power2Pay do?
This flexible solution accepts payment data from your payroll, accounts payable, claims, and other source systems—then it generates the desired form of payment. Consolidation of these functions streamlines overall reconciliation, reporting, and cash management activities.
Power2Pay prints complete checks on blank security stock, so
there is no need to purchase and protect pre-printed stock for multiple
accounts. The Magnetic Ink Character Recognition (MICR) line is
printed in the same printer pass with the check data, signature and
logo.
Ease of use makes Power2Pay attractive, but its multi-level
security makes it safe to use. The system uses a combination of software encryption, hardware barriers, and positive pay reporting to safeguard against the growing threat of fraud.
Security
- Check form templates, graphics, and signatures are encrypted for use with only one system
- All client-to-server communication is encrypted to prevent interception
- Full system activity auditing is stored in the relational database
- Security fonts protect check amounts and payee names
Easy to Use
- Wizards walk you through multi-step set-ups and processes
- Power2Pay is compatible with any printer that uses a Windows print driver
Time Savings
- Power2Pay prints to multiple printers, and multiple trays.
- Positive pay files can be sent to your bank on any schedule.
Optimization and Reporting
- Check history is stored in the relational database
- Checks may be viewed online—in a regenerated print preview, or a stored check image
- Checks can be reprinted any time with appropriate security rights.
- Pre-defined reports provide comprehensive analysis
What benefit will Power2Pay provide?
Power2Pay provides unmatched protection against fraud, and eliminates the cost of custom pre-printed check stock. The ability to direct all of your payment generation efficiently through one system maximizes your software investment and improves overall staff productivity.
Register today for a live, web-based overview of Power2Pay. Or, contact a StoneRiver representative for additional information.
