With traditional manual processes, bank account statements and payment emails come in separately and must then be printed and manually matched by employees. Each payment is physically matched to the corresponding email(s) and then scanned back into the system. This takes significant time and is a very tedious process. Does this look familiar?

With TPS EFT SmartMatch, the entire process is automated. Bank information and payment emails are imported directly into TPS, matched and moved through the appropriate workflows. Manual printing and scanning are completely eliminated, reducing labor needs and improving efficiencies.

Operators are then able to review and approve matched transactions. Unmatched transactions can be manually matched by Operators through a simple search feature.

On the back end, TPS EFT SmartMatch eliminates the need to re-scan the information and automatically moves both the matched and unmatched bank statements and emails through the corresponding workflows. Operators are then able to extract invoice data and post to internal billing and accounting systems.