News Column

Remittance Processor Replacement

June 9, 2014



Project Status : Active Project Phase : Execution Project Location : United States Total Cost : $100,000 Department/Division: Finance/Utility Billing Project Description and Reason Necessary: The remittance processor was purchased in 2006. It automates the processing of mail-in payments (approximately 400,000 checks & stubs yearly). The processor reads payment and account information from the stub, endorses the check, encodes then verifies amount of the check, sorts the stubs and checks into separate pockets, and images each document. It provides reports and imaged records on all documents. This is an essential utility billing process that helps reduce bank fees, improves accuracy and reduces labor costs. By 2014, approximately 2,000,000 documents will have been processed utilizing the present equipment. There would be no future impact on the operating budget as this would be a replacement machine and monies are already included in the operating budget for maintenance. Funding Source: General Capital Project Fund Utility Billing Reserves

Project completion date : 2015-06-30 12:00:00

Major organization : CITY OF JACKSONVILLE BEACH

Address : 11 North Third Street Jacksonville Beach, FL 32250 USA Website : http://www.jacksonvillebeach.org/



Country :United States


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Source: TendersInfo (India)


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