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A National Automated Clearing House Association industry study puts the average cost of an ACH transaction at $0.17, versus $1.58 per paper check payment.

MHC’s Electronic Payments module provides an easy-to-use, easy-to-implement and cost-effective way to get your business processing electronic payments. We can help you save time and money—and increase payment security and automation.

Document Express™ interfaces with ERP and legacy software systems to generate and transmit payment files and create electronic remittance advices. Use our system to perform all or some of the following functions:

• Format payment files
• Transmit payment files to the bank
• Provide reports
• Accept a return file from the bank
• Send electronic remittance advices via e-mail or fax, or Web-post automatically
• Format addenda records for EDI (Electronic Data Interchange)
• Provide alternative electronic detail (CSV, XML)

Document Express interfaces with standard payment files generated from your host system, reformats the data, adds additional data where required, and electronically transmits the data to your financial institution and vendors.

Provide vendors with remittance delivery options to gain highest adoption of electronic payments. Multiple addenda record formats and delivery options can be provided to vendors without any customization to the host system.

One step is all it takes to create the payment file, transmit the file and electronically deliver the remittance detail.

• Save $1.41 per payment using electronic payments (ACHs) over check printing
• Eliminate “soft” costs including check distribution costs, storage space, hardware maintenance, check fraud and voiding payments
• Take advantage of discounts or better terms which often are available from vendors when using electronic payments
• Spend less time printing, stuffing, signing, sorting, delivering and applying postage to paper checks
• Spend less time sending positive pay files and reviewing exception reports from your bank
• Avoid check reconciliation and filing or retrieving copies for electronic payments
• Increase payment security by reducing the use of “live” check stock
• Reduce fraud risks since paper check fraud is on the rise as advanced imaging technology becomes more available
• Automate reconciliations by importing transaction information from your bank into your AP System
• Quickly void electronic payments with an ACH reversal
• Quickly and easily retrieve and send vendors copies of remittance advices
• Take control of cash management, so that you determine when money leaves your account

Service and support by MHC Software
Our commitment to superior quality and customer service provides you with a 100% Customer Satisfaction Gurantee. Better yet, our turn-key system allows us to design, implement, test and go into production within a 30-day timeframe.

Once you’re up and running, our comprehensive annual maintenance plan will keep your business in sync with ERP systems, ensuring you of excellent support and value. We cover changes to the software required by an ERP upgrade; software upgrades and improvements; software support; and ongoing compatibility with ERP applications.