RemitStream® Exception Handling from Fiserv automates the time-consuming manual review of exception items so you can help property managers streamline exception handling, reduce costs and improve cash flow.
The processing of homeowners association dues and rent payments has become more costly and complex in recent years. Adding to the burden, a time-consuming manual review process has traditionally been required to determine whether transactions meet certain processing criteria.
RemitStream Exception Handling from Fiserv automates the processing of assessments and rental payments by introducing a number of tools designed to help your customers further streamline their operations, reduce costs and improve cash flow.
Using data pulled from your property management customers' accounting software, Exception Handling confirms whether incoming payments should be cleared for processing. This process enables valid payments to move seamlessly to approval and ensures that any invalid payments are rejected – all without manual intervention.
When assessment checks are received without coupons, Exception Handling searches customer data to fill in missing address and account data. The automation of this research process saves time and frees property management employees to focus on other tasks.