The Inovium Electronic Funds™ system offers overwhelming economic and other benefits when compared to the paper-based invoicing and check-based payment processes. Anecdotal evidence suggests that in the majority of cases, the system pays for itself in days.

Save Money

· Reduce A/R and Collection costs by 60-75%

· Improve incoming cash flow

· Reduce bank float to as little as 1-2 days

· Reduce the level of human error in the accounting department

· Reduce high bank NSF fees (for returned or “bounced” check)

· No lost or stolen check to worry about

· Gain an exceptionally high ROI

Save Time

· Simplify your Accounts Receivable and Collections processes

· Dramatically reduce collection periods and Days Receivable

· Provide a rapid response to NSF notices

· Eliminate need to make a daily run to the bank to make deposits

· No deposit slips to fill out

· Improve efficiency vis-à-vis a traditional check collection process

· Achieve an orderly access to archived check images

Add Convenience

· Automatic reconciliation of all items processed

· Obtain extensive automated management reports

· Enhance your legacy accounting or business management applications

· Gain the means to manually enter incoming check data and post to account

· Minimize exposure to legal challenges (especially Sarbanes-Oxley)

· Maintain existing bank relationship - funds deposited to a bank account of your choice

· Provide 24/7 access by both your customers and your staff from any web-enabled computer

· Reduce risk of business disruption from terrorist attacks

Increase customer retention and favorable state of mind

· Permit customers to pay with credit card, or by check or money order, ACH (electronic-check, auto debit) or by cash.

· Alert your customers by email regarding processed transactions

· Reduce the number of disputes and customers lost due to billing errors

· Reduce the cost of running a customer care department

· Provide an easy migration path for your customers to move from paper checks to electronic payments