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One of the main strengths of Sovereign is its effective and efficient Cash Management system. This comprises several areas including cash receipting, external payments, suspense and reconciliation.
Cash receipting allows high volumes of customer payments to be automatically posted to their accounts. Matching logic and memory reduces manual intervention to a minimum.
Sovereign supports a wide range of electronic payments including direct debits, direct credits and automatic payments. Comprehensive tracing allows these payments to be tracked through the system. |
