The Payment Manager offers financial managers a complete paper and electronic payment solution. EDI payments cost a fraction of the cost of paper check payments so why have so many financial managers retained their paper-based payment mechanisms?

The most frequent culprit is the outdated system that was designed to generate checks before EDI was a reality. Most systems that generate payments by printing checks today are poorly equipped for financial EDI. Few systems have the capability of retaining key information about the payee's bank and related bank account number. McLure-Moynihan has developed software that allows electronic and paper payment of both claim and vendor payments. Some of the key features are:

Paper payments can be printed in-house or outsourced.

Electronic payments can be made by multiple NACHA formats (CCD+, CTX, PPD+).

Electronic remittance information can be delivered to payees through the banking system, through Value Added Networks and clearinghouses and by Fax.

E-mail notifications of payment can be made, usually to corporate employees for reimbursements from the accounts payable department.

The Payment Manager is also designed to automate the process of adding new trading partners. Screens are designed so that additions of new trading partners for EFT and EDI payments can be managed quickly and inexpensively. The challenges facing financial managers for payment solutions are rather different depending upon their business profile. HMOs, TPAs, Healthcare providers and manufacturing companies have different needs. The Payment Manager has solutions tailored to different business needs.

Contact 818-706-3882 for additional information based on your needs.