Remittance Processing

Optimize your payment processing capacity and controls.

Let Phoenix upgrade your payment and revenue processing system. With high-volume digitization support, efficient and accurate validation of payments received, and secure storage of all data in a compliant digital storage system, Phoenix’s expertise will increase processing speed, accuracy, and control while streamlining your operations for enhanced efficiency and reduced costs.

High-Speed

Accurate

Scalable

Secure

What We Do

Scanning & Digitization

Processing of Payments

Secure Information Management

Secure, accurate payment processing support from receipt to storage/disposition.

Scanning & Digitization

Using our state-of-the-art Mavro technology, we securely convert physical checks and payment instruments into electronic formats that we then index, log, tag, inspect, and verify at exceptionally high accuracy rates. Peak payment processing periods are handled without changes in timing or accuracy. All digitized data is stored in a compliant, upgraded records management system that your team can efficiently access and use for reporting, as well as store, archive, and retrieve data.

Processing of Payments

Using controlled and compliant workflows, account codes and classifications are appropriately applied to each payment to prepare them for processing. Having validated all received payments, Phoenix accurately routes them through each next stage of the process, flagging and resolving any discrepancies that arise. Once payments clear the final step and all data has been processed and verified, electronic deposits reduce handling and expedite availability of funds. Phoenix oversees the handoff of materials back to payees or oversees the secure destruction of any necessary processed documents, providing you with high-quality processing support at every phase.

Secure Information Management

With Phoenix’s assistance, store all your sensitive payment information and records in a secure data management system. Whether you use your current system or leverage Phoenix’s extensive expertise in IT and cybersecurity solutions to develop a new system, Phoenix will monitor your system’s operational status and ensure that your data remains secure, compliant, and readily accessible for reporting and reconciliation.