Overview
ETran, by FTNI, consolidates and simplifies the acceptance, processing, cash application and management of multiple payment methods across various payment channels—helping businesses succeed and grow by streamlining A/R operations on a single cloud-based platform.
FTNI’s ETran solution is a flexible, cloud-based, integrated receivables processing platform ideal for businesses with one or many locations, payment channels, divisions or brands. ETran delivers a real-time, enterprise-wide view of all check, ACH, credit, debit, cash, online, and mobile payments for superior receivables management.
Unlike a dashboard that only displays transactional data from disparate systems, ETran supports the initiation, acceptance, processing and posting of all transactions from a single, unified platform. No changes to current business processes, bank and processor relationships, or other accounting software are required.
Key Features
Flexible Administration
- Cloud-based Modular Design
- Highly-configurable Build Down to the User-level
- Extensive User Entitlement Options
- Deep Data Structure
- Payments Activity Research & Insights
- Straight-through Processing (STP)
- Easily Add New Users, Locations, Payment Methods and Channels
Intuitive Interface
- Customizable Workflow Queues
- Tailored Business Rule Automation
- One-time, Scheduled & Recurring Payments
- Responsive Online & Mobile User Experience
- Intelligent Invoice Matching & Electronic Invoice Presentment and Payment (EIPP)
- Responsible Artificial Intelligence and Machine Learning
- Data Entry Automation
Comprehensive Payments Hub
- Enhanced Enterprise-wide A/R Oversight & Management
- Real-time Visibility Across All Payment Activity
- Robust Search & Reporting Tools
- Proactive Collections Services
- Enhanced Document Processing
- Configurable Branding Options
- Multiple Layers of Security & Compliance
- Flexible Market System Integration
Key Benefits
Any Payment Method & Channel
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Receive and process any payment method—check (RDC), ACH/EFT, credit/debit card, cash—from any payment channel—mailed-in, lockbox (in-house or outsourced), called-in, in-person, AutoPay (automatic debit), recurring, online and mobile—all on a single, cloud-based receivable processing platform.
Improve and automate your cash application operations with configured integrated receivables that start where your needs are today, and offer insights to evolving your accounts receivable solutions for years to come.
Invoice Matching Capabilities
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ETran comes equipped with Intelligent Invoice Matching and Electronic Invoice Presentment and Payment (EIPP) capabilities in order to match customers' payment information to outstanding invoices—all without your internal team having to touch any paper-based invoices down the line.
Capable of receiving open invoice and customer information via batch file or real-time API calls, ETran is able to automatically match incoming payments to invoices using machine learning technology, reducing the time your A/R team spends on matching data and helping the way you apply cash into back-office systems.
Automated Cash Application
- ETran seamlessly integrates with any back-office system in either batch or real-time to streamline and automate the cash application process.
Cloud-based Modular Design
- Convenient SaaS delivery–easily add new locations, sites, customer account data, payment methods and channels as your business needs grow and customer payment preferences evolve.
Agnostic in Nature
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ETran adapts to your ever-evolving business needs. Agnostic by design, ETran maximizes flexibility and scalability by being compatible with your existing banks/financial institutions, merchant processor, back-office systems, and check scanning hardware.
An agnostic receivable system means you don’t have to change platforms or rebuild existing processes as your business needs change today, tomorrow and years into the future.
Highly-configurable
Streamline and automate business processes, workflows, and exception management to increase efficiencies and save cost in your accounts receivable organization. ETran is configurable down to the user-level across multiple brands, LOBs, locations, customers and more.
Holistic A/R Oversight
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Complete oversight and direct access to all your receivable items regardless of payment method or channel via a single, unified interface.
Internal accounts receivable teams can also improve oversight by utilizing ETran's robust search and reporting tools to analyze current business processes. Tailored to your unique business requirements, search and report can provide actionable insights and costs savings research for your business and clients.
Serious Security & Compliance
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With ETran's cloud-based architecture, you get the unique benefit of multiple layers of compliance and proactive security.
First, you'll benefit from PCI and HIPAA compliance directly at the ETran application layer. Second, you'll benefit from the industry leading proactive security operations and additional layer of compliance (PCI, HITRUST/HIPAA, SOC 2 and more) from our hosting partner, Armor.