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CubeIQ
Solutions and Systems |
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Welcome
to
CubeIQ solutions and
systems web
pages.
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CubeIQ Solutions and Systems |
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Group: Integrated Solutions |
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Cheque Processing System - CPS™ |
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Cheque
Processing System for Accounting Departments -
CPS/Account™ |
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Cheque
Processing
System
for Accounting
Departments
- CPS/Account™ is a system for the bulk processing of bank
and private cheques at the contemporary accounting
departments. The system can
process large volumes of cheques at high
speed and with great accuracy. It uses advanced image
recognition technology, becoming a powerful tool to
increase productivity.
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The system can have one or
multiple Cheque
Processing
Stations. Each station
consists of a document scanner and the accompanied
software application. The stations have small footprint,
are silent, easy to install, operate and maintain and can process a variety of documents.
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CPS/Account™ gives the ability of an automated way of
importing cheque data into the accounting and ERP
software systems. Maintaining a database of cheque data and
images, minimizes the typing cost, fades away the cost of
photocopying the cheques and eliminates the cost of managing
the physical bodies of the cheques. |
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In
the contemporary accounting departments the
daily volume of cheques has increased
significantly. Day by day the daily volume
of cheques will continue to increase since the
cheque has become one of majors, if not the
major, mean of payment for B2B
transactions. |
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A
new concept:
customer black list |
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The system introduces a new concept in cheque
processing.
The concept of
"identifying in
advance" customers' cheques with the
possibility to be bounced - not paid. By
keeping historical records of all the cheques
that have been circulated in an accounting
department, cheques that have not been paid on
due time are identified as "black".
When a new cheque from the same customer (bank +
account number) is been processed in order to
be imported into the accounting system, alarms
are generated so the user can identify in
advance cheques that might not be paid on time. |
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Processing Volume |
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Depending of the
average daily
volume and the peak hourly volume of cheques to be
processed, one ore more of the supported documents
scanners should be chosen. |
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Nominal
Volume |
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Scanner |
Daily
Volume |
Annual
Volume |
Peak
Hourly Volume |
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30 dpm |
< 50 |
<
7.000 |
<
100 |
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40-60 dpm |
<
200 |
<
30.000 |
<
400 |
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80 - 120 dpm |
<
500 |
<
75.000 |
<
1.000 |
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200 dpm |
<
1.000 |
<
150.000 |
<
2.000 |
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Functionality |
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Automated
processing of cheques. |
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File
generation of cheques data to be imported into the
accounting software. |
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Historical
records of all cheques circulated in the
accounting department. |
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Technical Specifications |
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Reading
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OCR
Types: OCRA and OCRB. |
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MICR Types: CMC7 and E13B.
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Multiple
Reading: Maximum
reading resolution: 1 character per 4mm.
Multiple
OCR/ICR decoding areas (up to 5) on the document
image. |
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Sorting |
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Automatic document sorting based on
code line or part of the code line. |
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Discard of unreadable, damaged, illegible or foreign documents.
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Counting |
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Automatic document counting without
OCRA/OCRB or MICR reading.
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Image
capture |
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Color, gray scale with 16 or 256 shades of gray
or B/W. |
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Image resolution: from 100 to 200 dpi. |
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Front and back document images in one pass.
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Up to 4 images - front & back “brutto”
(neutral images) and front & back “netto” (red
dropout images for OCR/ICR machine and hand print
decoding requirements) in one pass.
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Drive of cheque scanners with proprietary device
drivers from different manufactures such as CTS,
Rototype, Buic and any other upon request. |
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Drive of any TWAIN compatible cheque scanner. |
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Options |
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Front or rear document stamp (fixed text
and logos). |
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Rear high definition ink jet printer for
variable document endorsing (variable text). Adjustable
height: 2 positions.
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Software
application
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Management
software application from the
iRecognIzer™
family. iRecognIzer/Account™ is included in each Cheque
Processing
Station. The
application works in stand-alone or
client/server configuration when multiple
cheque processing stations are required to store
data and archive images in a central database.
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Multiple
OCRA, OCRB and MICR data are stored in
ASCII, CSV files or directly into relational database
tables. |
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