DOMESTIC AND FOREIGN COLLECTIONS

Computrol's Domestic & Foreign Collections (DFC) system processes bank collection items. These items receive special handling outside of standard clearing and are usually subject to collection fees, float charges and out-of-pocket expenses. DFC uses a browser based user interface to promote accuracy and ease of use and helps reduce costs by automating the collection effort.

DFC Benefits

Reduces Back Office Effort - DFC automates the collection item and adjustment processing and eliminates manual processes such as preparation of DDA tickets and general ledger entries. Real time interfaces to banking applications obtain current customer information to save operators time while processing items.

Promotes Flexibility and Accuracy - Users define collection and other fees, rates, types of items, general ledger entries, processing regions and many other system controls using the browser based user interface. These parameters provide customization of DFC without programming. Fees can be established by processing region and type of item for pricing flexibility. Fees, currency and interest calculations are captured automatically on the individual items and then interfaced and reported to their respective departments.

Embodies Ease of Use - The browser based user interface makes DFC extremely easy to use. Training time is reduced, errors in data entry are minimized and navigation through the system is performed efficiently. Items are easily located via customized searching capabilities.

Promotes Cost Efficiency - DFC supports either a centralized or de-centralized collections operation. New branches and banks can be seamlessly absorbed into the operation with no down time or reprogramming required.

DFC Features

The Domestic and Foreign Collections system simplifies the record keeping and processing of time sensitive bank items. Some of its more important features are:

	Controls processing for collection and other fees via parameters
	Front ended with web based user interface
	Includes ACH, official check, account analysis and general ledger interfaces
	Performs currency conversion on foreign items
	Calculates interest on domestic advances issued under lines of credit and on foreign advances and foreign cash letter items
	Prints collection letters, cash letters, official checks, advices, DDA and GL tickets upon request
	Includes an ad hoc reporting system for department and management reporting. Reports may be printed, exported to other formats and viewed as a web display
	Promotes separation of duties with security modules
	Provides statistical reporting by region, cost center, site, operator and customer
	Locates collection items with customized searches

Release 1.2

DFC version 1.2 was released in the first quarter of 2006. The new version features enhanced workflow functionality for operator end of day processing and collection item entry, new controls for user passwords and automated retrieval of customer information from the banking platform.

More Information

For additional information regarding Computrol’s Domestic and Foreign Collections system contact Computrol.

Copyright Š 2006, 2000 Computrol LLC All rights reserved.