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Exception Item Module
The Exception Item Module (EIM), a fully integrated application within Premier, automates the processing of exception items, significantly reducing the time and resources required for this process.
EIM offers online handling for NSF items, returned items, suspect stop pay items and non-posted items. Once these items are reviewed, EIM completes the follow-up accounting by reposting transactions or generating additional transactions as needed.
EIM also provides a high degree of control over exception items by creating a thorough audit trail, complete with reports and notices.
Features
- Complete online review
- Automatic account, general ledger entries
- Audit control through reporting
- NSF item handling
- Return item handling
- Customer account transactions
- Clearing institution transactions
- Suspect stop payment handling
- Fully featured non-post item handling
Complete Online Review
With EIM, exception item review occurs online, which eliminates the need to manually review and reenter items. This online capability means that information about exception items is more current and of better quality. Designated branch personnel can review their branch’s exception items, while the integrity of exception item information is maintained at a central proof site.
Automatic Account, General Ledger Entries
EIM automatically generates and posts fees to customer accounts according to the institution's
item fee policies, and provides analysis information on such transactions.
Additionally, EIM creates the required general ledger transactions for accounts affected by exception item activity.
Fully Featured Non-Post Item Handling
All transactions that failed to post during the end-of-day application update can be reviewed and corrected online. EIM displays the non-post reason for each transaction, along with other, specific information about the transaction. Employees can then correct whatever caused the transaction to non-post. This feature eliminates the need to review non-posts listed on the daily stock reports and manually create reconciling transactions.
For more on Exception Item Module, contact Fiserv, Inc.
at 402-421-4207 or partner@fiserv.com.
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