Document and Transaction Processing Solutions Express Module

The Information Technology, Inc. Exception Item Module (EIM), which is also referred to as Express, automates the processing of exception items. With Express, a financial institution can significantly reduce the level of time and resources required to process such items manually.

 Express offers on-line handling for NSF items, returned items, suspect stop pay items and non-posted items. Once these items are reviewed, Express completes the follow-up accounting by reposting transactions or generating additional transactions, as necessary.

Express also provides a high degree of control over exception items by creating a complete audit trail with reports and notices.

Features

• Complete on-line review
• Automatic account, general ledger entries
• Audit control through reporting
• NSF item handling
• Return item handling
• Customer account transactions
• Clearing institution transactions
• Suspect stop payment handling
• Fully featured non-post item handling

  With Express, exception item review is completely on-line, which eliminates the need to manually review and reenter items. In addition, on-line capability means more up-to-the-minute, high-quality information.

Express offers comprehensive on-line capability that allows an institution's appropriate branch personnel to review their own exception items, while maintaining the integrity of the information at a central proof site.

Automatic Account, General Ledger Entries

Express automatically generates and posts fees to customer accounts according to the institution's item fee policies, and provides analysis information on such transactions. Additionally, Express creates any required general ledger transactions for accounts affected by exception item activity

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Fully Featured Non-Post Item Handling

  Express also allows employees to review and correct on-line, all transactions that non-posted during the nightly application update. For each transaction, the non-post reason is displayed, along with specific information about the transaction. Employees can then correct the information that caused the transaction to non-post.

This feature eliminates the need to review non-posts listed on the daily stock reports and manually create reconciling transactions. This allows the items to be handled more efficiently.