|By Business Wire||
|June 13, 2015 11:10 PM EDT|
DadeSystems, a provider of next generation payment processing solutions, today announced that Regal Wine Company has implemented DadePay Mobile as part of its payment processing strategy. Regal, one of the preeminent wine distributors in California, is an affiliate of Jackson Family Wines, a family-owned company with a portfolio of more than 40 distinct and renowned wineries.
Regal now uses DadeSystems’ full suite of accounts receivables automation systems to streamline the entire payment process, from the point of capture of checks and remittance documents in the field, to posting payments and depositing funds. DadePay AR Automation leverages patent-pending algorithms and straight-through processing capabilities to capture and automatically validate incoming payments, update an organization’s accounts receivables system and send an electronic deposit to the bank. The front-end image capture capabilities of DadePay Mobile are provided through a strategic partnership with Mitek and its Mobile Deposit Capture (MDC) solution.
“Before implementing DadePay Mobile, our sales representatives in the field had to collect paper checks and remit them to our main office which resulted in delays in recognizing our revenue and updating our customers’ accounts,” said Regal’s Customer Financial Services Manager Tim Cratty. “The new DadePay Mobile system helps our team to be more nimble and efficient, providing an advanced, yet simple tool that enables them to complete transactions quickly, securely and easily with a smart phone or iPad, and deliver that information to our accounting department,” Cratty said.
“We consider this the first intelligent mobile solution in the industry because it is designed specifically for businesses not just to capture checks and remittance documents from the field, but automatically match open invoices, post them and deposit the payment as part of one integrated, straight-through process. That’s why it has the potential to revolutionize and streamline how organizations handle their incoming payments,” said Bill Zayas, president and CEO, DadeSystems. “DadePay Mobile takes a complex process and simplifies it through our built-from-scratch next generation technology. It will enable Regal and other clients to access their funds more quickly, reduce days sales outstanding (DSOs) and eliminate the tedious manual processes associated with matching and posting payments.”
DadeSystems provides advanced payment processing solutions to financial institutions, wholesalers, distributors, property managers, healthcare providers, insurance companies and other organizations with complex payment system environments.
The company’s flagship offering, DadePay, is an integrated suite of payment processing solutions that leverages next-generation technology to accelerate payment processing speed, increase operational efficiency, eliminate unnecessary fees and dramatically improve cash collection. Supported by its team of industry professionals, DadeSystems delivers the technology and expertise organizations need to successfully navigate today’s complex payment systems environment and ultimately, improve their bottom line. For more information, visit: www.DadeSystems.com.
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