Decreased Cost
AP MICR eliminates the cost associated with check obsolescence and the expense of preprinted check stock. There is no need for check bursting, sorting or signing checks which saves time and money.
Increased Productivity
There is no need to manage multiple preprinted check stock with Altec's MICR check printing solution. The seamless integration with your financial software enables AP MICR to print all fixed and variable check information including digitized logos and multiple signatures and signature lines. The convenience of managing immediate changes to check information is beneficial. New logo or signature changes can all happen within 48 hours without wasting any check stock.
Increased Security
Security and storage is an issue for anyone that uses preprinted checks. Check fraud is a problem that will cost U.S. businesses and banks approximately $20 billion this year alone. With a simple signature, preprinted checks become legal tender. For this reason, preprinted checks must be kept in a secure. Locked area with access limited to a trusted few.
Additional Benefits:
- Per check savings (Multiple accounts can be run onto one check stock)
- Check stock is readily available (No down time waiting for preprinted check stock)
- Time saver (One pass check printing, not having to find someone to sign checks & less time spent managing inventory of check stock).
- Software driven which allows for immediate changes to fixed check information (Make changes in software vs. having to reorder new checks every time there is a change, i.e. new bank info / address).
- Security (No check stock lying around with account numbers & no signature stamps lying around).
- Room for company growth (Easy to add more accounts)
- Signing Limit
