ACOM's Enterprise Payment Manager Blends Paper-Based, Electronic Processes, Provides Unprecedented Configuration Flexibility.Business Editors LONG BEACH, Calif.--(BUSINESS WIRE)--June 20, 2000 ACOM (language) ACOM - An early system on the IBM 705. [Listed in CACM 2(5):16 (May 1959)]. Solutions Inc., developer and marketer of conventional and e-business solutions that integrate with enterprise applications to enhance back office and B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business processes, has introduced a powerful, exceptionally flexible payment solution that enables companies to maintain financial data control centrally while decentralizing de·cen·tral·ize v. de·cen·tral·ized, de·cen·tral·iz·ing, de·cen·tral·iz·es v.tr. 1. To distribute the administrative functions or powers of (a central authority) among several local authorities. the disbursement DISBURSEMENT. Literally, to take money out of a purse. Figuratively, to pay out money; to expend money; and sometimes it signifies to advance money. 2. process to any point on the corporate network, it was announced today by James R. Scott, vice president of sales. The new solution, Enterprise Payment Manager (EPM EPM equine protozoal myeloencephalitis. ), allows users to issue payments as MICR (Magnetic Ink Character Recognition) The machine recognition of numeric data printed with magnetically charged ink. It is used on bank checks and deposit slips. MICR readers detect the characters and convert them into digital data. laser checks or electronic payments using ACH (Automated Clearing House) A system of the U.S. Federal Reserve Bank that provides electronic funds transfer (EFT) between banks. It is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments to and F-EDI transfers through EPM's built-in e-commerce engine. Remittance advice can be provided as printed copies or by fax or e-mail directly from the check run. "Enterprise Payment Manager was built from the ground up to accommodate both existing and future corporate payment processing strategies," he said. "Our customers told us that in this day of global commerce, they need a migration path from paper-based processes to e-payments as well as the ability to select the type of payment and remittance advice -- electronic or printed -- and that is appropriate to the organization, function and mission of their companies right now. "Enterprise Payment Manager provides all of this capability in a single platform, working with all financial software packages and bringing our customers the flexibility to configure their systems for maximum security, efficiency, velocity and control. EPM's architecture takes full advantage of networking and ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. resources, with MICR check payment options configurable for local, distributed or cluster printing applications." Key operating features:
-- Supports ACH, F-EDI, payments
-- Supports fax, e-mail and laser-printed remittance advice
-- Features its own MS-SQL database
-- Works with all financial management software packages
-- Local or remote payments; remote check and remittance advice
printing
-- Payee and checkbook disbursement control; centralized
control/audit
-- Versatile historical database; results files for host system
update; standard and custom reports
-- On-Demand/Manual Checks module with ACH capability
-- Networked and cluster printing support
Key Security features
-- Positive Pay Check Fraud Avoidance
-- Multi-level Security down to the user level for:
Batch Access
Branch Processing
Departmental Processing
Checkbook access and functional control
Control over Electronic payments vs. printed laser checks
-- Secure Database permits remote administrative reporting.
"Enterprise Payment Manager provides the choices users need in order to configure their payment process for optimum security, efficiency and control, even in an evolving business climate," Scott said. "It enables companies to go forward technologically at their own pace, without the discomfort of radical change." About ACOM Solutions ACOM Solutions is an international developer and marketer of conventional and e-business solutions that integrate with enterprise applications to enhance back office and B2B processes for electronic, Internet and paper-based commerce. ACOM solutions run host-resident on the AS/400 platform as well as in the Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. and client-server environments. Solutions include hardware-software MICR laser payment processing systems; electronic data interchange See EDI. (application, communications) electronic data interchange - (EDI) The exchange of standardised document forms between computer systems for business use. EDI is part of electronic commerce. (EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. ) solutions for e-commerce between multiple trading partners; Internet-based commerce solutions; and electronic document systems for laser printer generation of business and financial forms, checks barcodes and labels. ACOM solutions are compatible with all financial management/ERP software. Contact ACOM at 2850 E. 29th St., Long Beach, Calif. 90806; telephone 562/424-7899; fax 562/424-8662; e-mail gchurch@acom.com; Web: www.acom.com. |
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