You accept many checks each month from customers. Currently, you would have to look up each customer account, apply the payment to the account, stamp the check for deposit, create a deposit slip, drive to the bank, stand in a long line and make the deposit. On top of this, your bank will typically charge an "item deposit fee" for every check you deposit. Too time consuming and too expensive!
Why would you want to convert a paper check into an electronic transaction?
By converting that paper check into an electronic transaction, things are much simpler, faster, and more economical: First, you scan the customer's check. The customer account information is automatically displayed for existing customers, linking the payment to that customer. Then
just enter the amount of the check into the software. You repeat this for every check you receive.
Your deposit is now complete! What could be easier?