"A lost cheque; late cheque presentations; customer dissatisfaction; loss of revenue".
These are the worst nightmare of any bank & financial institution dealing with disbursement of loans, typically companies dealing in retail loans. On one hand, companies find it hard to keep track of the ever increasing volumes of cheques being received from customers and on the other coping with the pressure of meeting sales targets and keeping competition down. Invariably, companies start loosing control over efficient back office management. The primary concern being efficient tracking, secure storage, accurate retrieval and timely presentation of these cheques.
This complex nature of work associated with the validation, storage and presentation associated with Post dated Cheques (PDC) becomes a tedious exercise, besides being a huge drain on companies' resources. Lack of expertise and systematic approach renders the system ineffective, costly and inconsistent.
Manage the complete life cycle of post dated cheques with Iron Mountain solutions:
- Data capturing and validation of key cheque details to enable quick and accurate pulling of cheques for presentation to multiple locations
- Effectively manage secure storage and safe custody of PDCs in a suitable storage environment
- Batch preparation of cheques for distribution to multiple locations for timely
- Enable fast turnaround time on foreclosure retrievals by improving process efficiencies