Case Study: Hunter Warfield speeds up remittance and cash flow with AQ2 Technologies

AQ2 Streamlines Remittance Processes For Major Debt Collection Agency

Hunter Warfield, Inc., a major debt collection agency, faced challenges with its manual, paper-based payment processing, deposit, and daily reconciliation from multiple systems. They sought an automated solution to streamline operations and speed up fund availability, turning to their banking partner for help. The bank referred them to AQ2 Technologies, who implemented its AQURIT remittance, deposit, and data capture solution.

AQ2's solution automated the receipt and deposit of checks by scanning them for electronic deposit via ACH or Check 21, eliminating the need for a courier service. It also consolidated all electronic payment data into a single system for automated reporting and reconciliation. This allowed AQ2 to help Hunter Warfield drastically reduce check-clearing times from 7-10 days to 2-3 days, significantly improving cash flow and operational efficiency.

Hunter Warfield, Inc.

George Chambers

Vice President - MIS