The Treasury Module is the gateway through which bank records are automatically or manually imported into the RITE system.
The benefits of the Treasury Module include:
- Increased employee performance when importing Credits and Debits from an authority’s bank statements (home banking)
- Increased employee performance while performing Bank Reconciliation
- Creation of an activity audit trail used for future audit and reporting
- Automatic reversal of previously recorded payments and/or deposits in the RITE system when bounced checks, charge backs, Fed Ready debits, or other scenarios occur