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For businesses of every size and industry, emerging check-electronification solutions can dramatically impact cash management. The key benefits include accelerated funds availability, increased efficiency and a streamlined deposit process, and reduced costs associated with paper-based processes, including the elimination of the physical transportation of checks. Many companies also benefit from consolidating the number of banking relationships they need to manage, which, in turn, facilitates improved visibility into a company's cash position making optimal decisions for deploying working capital.
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