From the publisher website or publicity

Overview

CDS (Cash Disbursement System) is specifically designed to give insurance companies maximum control of their cash. It provides centralized control and reconciliation for all disbursements across the enterprise, including claim payments, agent commissions, invoice payments, and on-demand checks. Functionality includes purchase order tracking, accounts payable, check writing, EFT processing, bank reconciliation, and 1099 and abandoned property reporting.

With CDS, you have one solution to the insurance industry's disbursement problems; one focal point for controlling a multiplicity of variables; one central repository and reconciliation facility for all your check-writing; and one system to satisfy all your present and future disbursement needs.

CDS provides:

 *• Scheduling of check production
 *• Immediate, real-time production of "rush" checks — across the hall or
 *  across the country
 *• Total flexibility in formatting check, stubs and EOB statements
 *• Magnetic ink character recognition (MICR) encoding
 *• Simplified interface with inhouse systems for check production or for
 *  accounting information only
 *• Automated accounting interface to SunGard's general ledger system, ABC
 *• Automated interface with banks' cleared-check files
 *• Electronic funds transfer (EFT)
 *• Automated follow-up lettters to comply with abandoned property laws
 *• 1099 detail and summary transaction control
 *• Consolidated disbursement reports for management
 *• Online history inquiry
 *• Statutory and financial management reporting

Keywords
1099
abandoned property
ABC
accounts payable
agent commissions
bank interface
bank reconciliation
Cash Disbursement System
check production
check stubs
check writing
cheque writing
claim payments
disbursement
disbursement reports
disbursements
EFT processing
EOB
insurance
insurance companies
invoice payment
real-time

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Vendor: Sungard