Panini announced the availability of its check scanners for use with QuickBooks 2010 and Intuit Check Solution for QuickBooks.
Panini check scanners have been designed specifically for remote deposit capture (RDC), enabling QuickBooks users to quickly scan multiple paper checks into QuickBooks while simultaneously sending the "digital check" to their bank for electronic deposit.
Intuit Check Solution for QuickBooks captures the check information and enters it into accounts receivable within QuickBooks, according to a release.
At the same time, it automatically matches check payments to invoices and archives the information. The solution is RDC compatible allowing users to make check deposits electronically, without any change to their current banking relationship, eliminating the time spent taking check deposits to the bank branch, Panini said.
"We are very excited to offer small businesses the ability to use our Panini scanners to scan checks directly into QuickBooks," said Doug Roberts, president, Panini North America. "Small businesses will benefit greatly from this new technology in terms of operational efficiencies, cost savings, and improved cash flow."
The Panini check scanner is particularly suited for small businesses that process a high volume of paper checks and scans up to 30 checks per minute, according to the vendor.
The scanner captures all the information necessary for account reconciliation and electronic deposit " front and back check image, MICR (magnetic ink character recognition), OCR (optical character recognition). Panini technology features unparalleled affordability combined with best total quality and, through self-adjusting capabilities, provides an optimal user experience in the wide variety of environmental conditions encountered in small business RDC implementations.
Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio