Streamline Your Check Deposit Process With RDC
Remote deposit capture (RDC) is a convenient way to deposit checks. Rather than having to drive to the bank, users can scan and deposit checks via specialized electronic imaging technology. RDC can be especially useful for remote workers or those that are otherwise unable to deposit checks the old-fashioned way. Here’s what you need to know about remote deposit capture, why you should consider investing in RDC technology to streamline your check deposit process, and how to choose the right scanner for your business.
What Are The Benefits of RDC?
Remote deposit has become a popular way to deposit checks, and for good reason. RDC allows users to deposit checks without having to visit their bank or other financial institution and is a fast, secure way to transfer funds. The following are some of the top benefits of remote deposit capture.
- Time savings: The greatest and most obvious benefit of RDC is that it saves businesses time. It allows them to instantly upload checks for deposit without having to visit the bank.
- Reduced risk of fraud: Electronic clearing is heavily regulated by anti-fraud algorithms, meaning that remotely-deposited checks are often safer than those deposited the traditional way.
- Improved efficiency and increased productivity: By utilizing RDC you can get through your workflow at a quicker pace, freeing up time that can be spent on other business operations.
- Faster processing: Most banks that offer RDC have extended deposit cutoff times, allowing for more checks to be processed over a shorter period of time. If you want to be sure your check is deposited on time, then remote deposit capture may be the way to go.
- New sources of revenue: By providing RDC capabilities, you open the door to new possibilities and business partnerships with organizations that may not otherwise have considered working with you—the more convenient payment methods you offer, the greater the likelihood of new revenue streams opening up.
How RDC Can Streamline Your Check Deposit Process
There are several reasons businesses should invest in RDC technology, but being able to streamline the check deposit process is among the most relevant. Remote deposit tools allow companies to not only upload and deposit checks remotely but calculate and reduce labor costs and keep better track of your funds. Traditional check deposit involves running to the bank and making deposits, a process that can easily become jumbled and confusing.
Remote deposit capture, on the other hand, offers a much easier way to deposit checks. While traditional check deposit involves a number of tedious, time-consuming steps, RDC allows users to instantly upload checks for deposit, eliminating the barriers associated with transportation and paper-based processing.
Choosing the Right Check Scanner
Spring cleaning is a great time to dispose of old, outdated technology and introduce new equipment to your workspace. If you’re looking to get started with RDC, there are several things you should consider—most importantly, what type of check scanner to purchase. Here are some questions you should ask yourself before making a decision.
- Which scanners are certified by your software of choice?
- How many checks do you plan to scan on a daily, weekly, or monthly basis?
- Will you be endorsing or franking checks?
- Do you have a downtime contingency plan and, if so, what does that look like?
Investing in up-to-date products is crucial to ensuring accuracy and achieving greater efficiency in your workflow. This is why it’s important to consider only the highest-quality check scanners on the market. Teksetra offers multiple different check scanners, including models by Panini and Canon.
Some of the best scanners available include the Panini I:Deal, which is specifically designed for small businesses, and the Digital Check TellerScan TS240, a multi-feed product capable of handling high-volume loads. Different check scanners are better suited to different types of businesses with different scanning needs, so it’s important to do your research to determine the most appropriate model for your unique RDC process.
Teksetra offers a wide range of scanners, so whether you’re a small business with a small workload or a large enterprise scanning hundreds of checks per day, you can find something that meets your needs.
Need Help Getting Started With RDC?
As you refresh your workspace, it’s a good idea to think about updating your tech. If you’re looking to implement RDC, Teksetra can help you get started. We’ll walk you through each step of the process, including consulting and hardware selection. Understanding the ins and outs of remote deposit capture can be challenging, and choosing between scanners is easier said than done. Teksetra can help you choose the right equipment for your business so that you can enjoy the benefits of a more streamlined deposit process.
Reach out today to learn more about Teksetra’s RDC services and how we can help you get started scanning checks remotely!
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