Account Reconciliation Programs (ARP)

Georgia Banking Company's ARPs are flexible, automated systems designed to streamline the reconciliation of checks issued and deposits made to high-volume business checking accounts. Utilizing one of the nation's most advanced reconciliation software programs, these ARPs ensure efficient disbursement and deposit management.

Features

• Check Positive Pay: Prevents check fraud by matching presented checks against issued check details provided by the company.
• Reverse Positive Pay: Allows verification of checks/issue files with a company's own system, with information transmitted for self-processing.
• Payee Name Verification: Match the name of the signature line for additional verification.
• Image Delivery Service: Delivers paid check images via transmission or online access.
• Issue File Self-Management: This feature enables management of the issue process, including adding, deleting, changing, or voiding issue records through an online portal.
• Partial Reconciliation (Paid Check Listing): This report lists all checks paid during the cycle, typically in check number order, with options for Paid Date order. It can be accessed online or electronically for input into a reconciliation system.
• Deposit Listing Reconciliation: This report provides a detailed list of deposits made to an account, sortable by deposit location. It can be accessed online or electronically for input into a reconciliation system.
  
• Full Reconciliation: Offers a balanced reconciliation at the end of the account cycle. Georgia Banking Company matches the issued checks file against cleared checks and provides a list of paid and unpaid items. This report is accessible online or electronically for input into a reconciliation system.

Benefits

• Increased Efficiency: Eliminates manual sorting and data re-keying, reducing clerical reconciling time.
• Improved Control and Security: The Image Viewer enhances internal audit capabilities by allowing controlled access to check and deposit details.
  
• Lowered Costs: Deposit Listing by location reduces the need for separate accounts, and the Image Viewer cuts filing and destruction costs of sensitive documents.