RiskXP

RiskXP is a transaction automation solution offered by AQ2 Technologies, designed to streamline check payment and donation processing for organizations. This software is suitable for businesses of varying sizes, ranging from those processing as few as 25 checks per day to enterprises handling thousands of checks daily. RiskXP caters to a variety of professions and industries, including banking and financial institutions, government agencies, utilities, property management, and nonprofit organizations.

Key Features

Remittance: According to the vendor, RiskXP provides a check capture and electronic deposit solution that allows businesses to scan checks wherever payments are processed. It provides access to check images at any time and captures data for easy uploading into accounts receivable systems.

Lockbox: The vendor claims that RiskXP streamlines lockbox processing for businesses through advanced imaging, recognition, and scanning technologies. It integrates with retail, wholesale, and whole-tail lockbox transactions, reducing paper handling and transportation expenses. RiskXP supports multiple accounts with the ability to specify file types generated for each account.

Remote Deposit Capture: The vendor states that RiskXP facilitates check processing through electronic scanning and transmission to the bank. It eliminates paper check transportation expenses, reduces data entry keystrokes using amount recognition, and enables secure accessibility across the enterprise.

Consulting / Development: According to the vendor, RiskXP offers consulting and specialized development services. The software developers and implementation specialists have significant experience in payment processing, allowing them to customize existing products or develop specialized applications to meet specific needs. RiskXP also offers custom solutions, including products from partner companies.

Property Management: RiskXP provides a full-featured check capture and electronic deposit solution tailored for property managers. It enables scanning of checks wherever payments are received, reducing paper handling and transportation expenses. The vendor claims that RiskXP provides secure remote transmission of sensitive customer check data, facilitates faster access to deposited funds, and allows quick generation of comprehensive transaction-based reports.