Check fraud detection made easy
Protecting your money would be a whole lot easier if criminals confined themselves to the traditional smash-and-grab. But defending your business against check fraud requires a tech-savvy solution.
PositivePay is a check fraud prevention system built for Sage Intacct. You can use this system, in partnership with your financial institution, to detect unauthorized checks. Built on Intacct Platform Services, PositivePay automates your check verification process. It’s fully integrated with the cash management module and has the flexibility to meet any bank formats required.
PositivePay:
- Is compatible with your bank: PositivePay can be used with all U.S. banks and credit unions. PositivePay layouts can include headers, footers and detail lines — all of which can be quickly configured to meet your financial institution’s required format.
- Provides unlimited bank accounts: Define a separate file layout for each of your financial institutions. The application works with any number of bank accounts.
- Automatically voids checks: The system automatically picks up any checks voided in Intacct, eliminating manual entry and streamlining your monthly reconciliation process.
- Makes reporting easier: PositivePay keeps a detailed audit log of all submissions and follow-up responses. Historical files are archived, yet still accessible for reporting and research purposes.
- Offers robust security and encryption: Your information is transmitted securely via HTTPS. No data is stored in PositivePay.
Why Wipfli?
PositivePay is a leading method of check fraud prevention because we thoroughly understand Sage Intacct, financial institutions and the accounting needs and challenges of organizations across a wide range of industries. We’ve developed a product that is easy to install and use right away. Contact us to learn how we can help you automate check fraud prevention in your organization.
Our team
Matt Rowley
Matt Rowley is a principal in Wipfli LLP’s technology consulting practice and leads the firm’s intellectual property development practice. He has built and led client service teams that drive financial, operational, and process improvement transformations.
Hands-off fraud protection
Learn how Pure Insurance used PositivePay to eliminate the $35 per piece cost of manual check voids.