Clearingworks by CheckAlt: The Agile Integrated Receivables Solution The Market’s Been Missing

Discover a more streamlined approach to invoice management, payment processing, collections, and credit management, tailored to optimize your time and financial resources - Clearingworks by CheckAlt. Our agile lockbox solution streamlines the entire receivables process, saving you time and money. The cloud-based platform integrates receivables from multiple sources and seamlessly transfers payment information to your accounting software. Read on to learn more about the history and potential of Clearingworks, the next generation receivables platform.?

A Bit of Backstory - CheckAlt Acquires US Dataworks to Enhance and Build Out Clearingworks

We understood that the marketplace was in need of an agile cloud-based solution for fintechs and resellers servicing large-scale and growing organizations alike. There is a need for companies to be able to manage their lockbox, and have all their payment processing feed into an integrated receivables solution. We knew we wanted to be able to provide customers with the ability to internally capture all their payments. We chose to acquire US Dataworks knowing that they had invested tens of millions of dollars into their solution and that by merging it with our existing platforms, we could elevate the product to allow for unmatched flexibility today and ease in scalability as we plan and build out future solutions to serve our customers’ robust needs.??

Clearingworks’ Competitive Edge

Our sophisticated integrated receivables solution centralizes the processing of incoming receivables, including checks, electronic payments, and more. Payments are combined into one AR file, and are searchable in a single archive, significantly cutting down on time spent processing payments. For clients seeking complete automation, our system can be fully integrated into our clients' accounting software via API or file transfer. At CheckAlt, we leverage machine learning technology in the cash application process to automate the adaptation to evolving business processes, allowing you to save time and reduce costs. Our extended archiving feature simplifies payment research and compliance-related activities with long-term archival of all payment data. Additionally, our controllable real-time data access provides you with immediate access to receivables dashboards, enabling all business users to stay up-to-date on the latest receivables status at a global or customer level. Our technology not only relieves the AR burden from our clients but also enables their staff to prioritize other essential tasks. Moreover, utilizing our technology can enhance liquidity by accelerating fund deposits into the account. With CheckAlt’s powerful tools at your disposal, managing your receivables has never been easier or more efficient.

The Framework for Continuing to Deliver A Superior Solution?

Clearingworks will serve as the cornerstone upon which CheckAlt will offer a comprehensive and robust integrated receivables experience to our clients. Our esteemed clientele will be able to seamlessly consolidate payments from various channels into a single, adaptable workflow. At CheckAlt, we are dedicated to innovation and progress, and our future product development roadmap is heavily API-driven. Our aim is to continue to expand our API capabilities, which will not only substantially improve onboarding time but also enable our platform to effortlessly adapt to any changes in our clients' organizational infrastructure. Contact us today to learn how Clearingworks can help you streamline your receivables process and improve your financial performance.