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Harnessing Technology Can Help Save You Money By Kurt Kappa T + Converts all checks from paper to electronic images ODAY, MORE MEDICAL profession- als are discovering innovative ways to use technology to reduce costs, create new efficiencies and gain control of their daily banking. Through remote deposit capture, there is now a simple solution. Converting paper checks to electronic images, remote deposit capture is a desktop technology solution that allows businesses to deposit checks online without a trip to a bank branch. With remote deposit, businesses can conve- niently deposit checks online on their own time — 24 hours a day, 7 days a week — without ever leaving the offi ce. Some of the benefi ts of remote deposit capture include + Funds are available next business day + Extends weekly deposit hours + Eliminates daily trips to the bank + Eliminates risk of transporting checks + Decreases fraud risk + Reduces deposit preparation time + Boosts productivity + Cuts down paperwork + Eliminates courier service At a minimum, a business can save time and money by using remote deposit capture to eliminate the expense of traveling to the bank, and the hourly wages spent balancing the deposit and any associated manual entry. In addition, remote deposit cap- ture can enable the consolidation of banking relationships to create new efficiencies for your business. No longer do you need to have a local bank to make your check deposits. With this solution, there are no defined geographic boundaries for a depository banking relationship. For businesses with multiple locations, remote deposit capture can serve as a convenient way to also consolidate deposits from all locations to the same bank account. Medical professionals that use lockbox services could be spend- ing thousands of dollars a month. Replacing your lockbox with remote deposit capture could result in a significant costs savings to you and your practice. Kurt Kappa is a senior vice president and market leader at Westfield Bank in Medina, Ohio. n MDNEWS.COM SEPTEMBER-OCTOBER 2011 MD NEWS Cleveland-Akron-Canton | 49