Receivables

Virtual Remit

Virtual Remit is J.P. Morgan’s new lockbox remote capture solution that enables clients to capture and transmit remittance data and images directly from their desktop with a single scanning device that accepts U.S.-denominated checks, coupons, envelopes and full-size documents.

Built on our market-leading Receivables EdgeSM online receivables management service, Virtual Remit’s fully integrated remote capture capabilities enable clients to streamline the collections process via the Internet. All items scanned with Virtual Remit are combined with existing lockbox items and workflow, providing Receivables Edge clients with quick, convenient access to remittance information. As a result, clients are able to gain accelerated funds availability and improved cash positioning.

To learn more about the benefits of remote capture, please see the attached article, The Top 3 Ways Remote Deposit Capture Is Revolutionizing Check & Remittance Collection.

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