Cheque Print Software

Cheques are widely used in modern day financial transaction. Cheque printing software is a computer program that can easily create and print beautiful checks simply by entering the desired data into the blank fields in the computer program. It has a feature like password protection, check preview, security system that reduces user error. This software enables secure, flexible, and cost effective solutions for cheque printing. This software is convient and error less. Companies dealing with more then one currency can easily handle its bank transaction by this software. It manages multiple bank accounts and multiple currencies. It maintain details against which payment are made. A login screen keeping unauthorized users out. Print single or multiple checks on customized bank layout. Have a report of cheque printed over a period of time. Cheque printing software has an ability to view original report data with formatting without the database. Cheque printing is very fast and cheap.

Cheque Print Software

Unlike most other check printing products, which require you to purchase blank check templates, Check Printer software uses your existing bank checks (from your checkbook) and prints payee, amount, word amount, date, memo, signature and notes onto your preprinted check using your existing printer.

The built-in Layout Editor supports a wide range of printers and check layouts and allows you to visually customize the settings, so they match your check format. A sample check layout is included. In addition to the printing, the program automatically keeps a register, and allows you to setup payees, so you can quickly print checks without having to retype the information every time. The program is very user friendly and provides detailed help and interactive dialogs. Additional features include backup options, integration with MS Money and Quicken, scanned signature support and much more. No personal data nor the MICR characters are printed.

Welcome to ChequeXpert ! Cheque Printing Software

User-friendly Cheque printing software, no more smudges, overwriting, untidy, miss-spelled, hand written cheques.
One can print, using the existing loose leaf bank issued cheques.
Software comes with an inbuilt Designer tool, where one can redesign cheque layouts.
One license - Multi Company, Multi Bank Accounts.
Importing and exporting of data can be done via predefined system generated templates.
Cheques issued and received details may be recorded and reconciled.
Reminders can be set for issue of cheques at later dates.
Dashboard to support business decisions.
Printing can be done on any banks cheque.
Existing Printer and Cheque leaves will suffice.
No additional hardware change warranted.

Cheque Printing

Laxmi Softech Solution Printing is a windows based, menu driven, user friendly Cheque Printing software that helps you to organize, print and track your cheques very easily. Laxmi softech Solution Printing not only saves time for writing & managing individual cheques but also eliminates spelling mistakes, differences in amount in figure and amount in words, etc… Overall it is cost & time effective business solution for cheque printing.

To print cheque, all you need to do is enter date, select payee, mark A\C Pay if applicable, enter amount in number and cheque is ready to print. It automatically converts the numbers into words and prints cheque as per predefined cheque template with other necessary details. Many cheque templates are already pre-defined, you can use one of them or you can easily design cheque as per your bank cheque format in a few minutes.

Laxmi Softech Solution Printing maintains database of your payee, usage of cheque & cheque books, bank account, bank account transactions etc… It provides facility to mark cheque as pending, cleared, cancelled, returned, stop payment etc.

Laxmi softech Solution Printing has many reports to assist you in decision making, reporting to top management, reconciliation with bank statement, etc…

Laxmi Softech Solution Printing is best suitable for Indian Banks & Indian Business environment but it can be used with bank of any country. It is being used by our many clients in Mumbai,Pune , etc…

• Multi Company software with any number of Bank Accounts
• Unlimited cheque-books for each account with configuration
• Automatically selects next cheque number and validates against cheque-book
• Single Cheque and Multiple Cheques Entry screens to speed up data entry job
• Prints Single Cheque and Many Cheques in batch
• Readymade cheque templates for most of Indian bank
• WYSIWYG Cheque template designer with mouse and key operated controls
• Stamps for "ACC PAYEE ONLY" and "NON NEGOTIABLE"
• Automatically converts amount into words with prefix and suffix
• Import transactions from Excel or CSV file and Save and/or Print them to avoid duplicate work
• Easy and powerful search tools enable you to search and find a cheque with full details
• Configuration settings for printer, text, Cheque alignment, etc…
• Latest Cutting Edge XML Database for faster & secure operations
• Updates are free of cost
• Export reports to Excel, PDF for further analysis

Cheque print Software

Cheque prints on loose cheques provided by banks with micro perfection (precise alignment), formats of various banks are scanned and loaded on the web site which can be downloaded from the website under the cheque library section. 

Cheque comes with unique features like current dated & post dated cheque printing, record slip printing, batch mode printing, month incremental cheque printing, cheque issue register, party wise, bank wise reports, import of data from excel file for printing, cancel cheque report.

Cheque provides a complete cheque printing which can print all the cheque elements; include Payee, Date, Amount, A/C Payee Only, Bearer, auto conversion from number to words etc. You are no need to write any, just fill in the software and print the cheque. The cheque is ready for issue once signed.

Cheque Print Software

The check print software are the most popular in the commercial and business areas because of innumerable advantages the in the modern age. These printers are best for generating business. There are different types of commercial printers which are used for cheque printing. There are many reasons for using these printers some of them are mentioned hereunder: 

Various reasons to use check printers: 

Reduction of frauds – The main reason for using these check printers is that it helps in reducing the frauds. There have been cases where the duplicate cheques are being printed and given out in the market. With the advancement in the technology it has now become very easy to use these machines in order to reduce the frauds occurring during the money transfers from one bank to another. According to the studies conducted by the experts more than 90 per cent of the frauds have been detected during the process of clearing itself by using these cheque printing machines. 

Protecting the cheques – Every cheque is unique and in order to protect this uniqueness the cheque printing machines are useful. This knowledgeable printer is the most sought after in the business and different companies irrespective of the size of the company. 

Copy protection is another important feature which these printing machines provide. When the cheques are printed on these machines there are few code words which are present on the cheques. When the duplicate cheques are photocopied it easily reflects those numbers and hence one can come to know that it is unauthorized printing of these cheques. 

UV Sensitive Ink – There are many countries which use the UV sensitive ink. This type of ink is next to impossible to be faked. In this type of ink the data is not visible in the normal light the hidden details are secure; this data can be only viewed in the ultra violet rays. Hence if there is any fraud happening in the check printing it can be easily caught. 

The MICR checks are the buzzword of modern day banking. Most of the banks provide the MICR cheques. This is also considered to one of the best ways to detect frauds happening during the money transfers. It is also cheap as compared to the pre numbered cheques. One can save more than 10 cent on the MICR checks. In case of pre – numbered cheques if one makes a mistake then the cheque has to be discarded and one has to print another cheque. The time taken is also more; hence it is better to use the MICR cheque printing software so that the cheques are not wasted and it turns out to be cheap for the business. 

It is easy to connect the MICR cheque printing program along with the existing accounting program of the company. Hence one need not add an extra cost in order to install or buy this software. The MICR printing software prints all the cheque details in just one go and there is no need to keep on reprinting the cheques thus saving time and money. 

Cheque Truncation - A New Technology Initiative in India

Over the last decade, Indian banking has evolved over the traditional way of banking with use of innovative technologies. As a result, user experience has improved significantly. It is widely acknowledged by industry experts that technology can play a larger role in Indian banking, and one area that certainly craves for attention is cheque processing.

Though under the Reserve Bank of India (RBI) guidance, the e-banking systems has been implemented by banks that allows end-users to take advantage of online fund transfer, RTGS, e-cheques etc, India continues to write lot of cheques every day. People still believe in the physical instrument rather than on electronic media. The estimated cheques written in India are around 1.2 billion per year. This includes local, intercity, interstate, and intra state cheques. If we consider the whole cheque clearing process, it is obvious that these are not very effective. It takes about 15 days for inter-city cheque clearance. Apart from time consuming process, there are overhead costs for transportation and storage. In short, poor cheque clearing cycle reduces operational efficiency.

The Central Banks of many countries have exploited the technological innovations today and implemented the electronic transmission of images rather than the physical transportation of cheques for clearing. For example, the US has already implemented Check Clearing for the 21st Century Act (or Check 21 Act).

In India, the RBI has mandated the use of pilot Cheque Truncation Project in the National Capital Region. More than 10 banks are already processing their cheques through the system now. Based on the experience gathered, it would consider extending the coverage to other centers.

Cheque Truncation is the process of stopping the flow of the physical cheque issued by a drawer to the drawee branch. The physical instrument will be truncated at some point en-route to the drawee branch and an electronic image of the cheque would be sent to the drawee branch along with the relevant information like the MICR fields, date of presentation, presenting banks etc.

To wish away cheques were simply not possible so, the focus is on improving the efficiency of the Cheque Clearing Cycle. Cheque Truncation is the alternative. Contrary to perceptions, Cheque Truncation is a more secure system than the current exchange of physical documents in which the cheque moves from one point to another, thus, not only creating delays but inconvenience to the customer in case the instrument is lost in transit or manipulated during the clearing cycle.

Some of the challenges in implementing Cheque Truncation Solution are:

1. Integration with existing large banking systems - as banks have already invested on legacy system, it is important that the new system seamlessly integrate with the existing system
2. Security - In any financial software, security is of prime importance. Hence, information transmitted over electronic media should be secure enough
3. Changing the current workflow - There is often resistance to change. For any new system to be successful, users need to support the system as it changes the traditional way of working
4. Customer acceptance - in electronic cheque processing, merchants/customers need not visit the bank to deposit the cheque but they can scan their cheque from their desktop and submit for bank clearing. This calls for tremendous change in mindset among customers to feel secure to do transactions over electronic media

Some Implementation Guidelines

1. Banks need to evaluate their existing system, as they would have already invested good amount of money into it. So the solution they would like to implement should be able to integrate with the existing system as well as other heterogeneous systems with ease
2. Security of the system should be of prime importance
3. The new solution should be able to scale and meet the increasing demands from the customers and handle the load
4. Should be able to provide software as service to customers and related institutions
5. All systems are good only if people accept and ready to work with it. Hence, having a governance model in place is important and the current team should be enthusiastic enough to accept the new solution. Most companies forget this aspect, which leads to failure of the system

Beneficiaries of Cheque Truncation

1. Banks - have a simplified system to collect all the information from their merchants/branches, consolidate, process them and submit for clearance
2. Customers of banks - can electronically deposit large number of cheques without fear of loss in transit. For example, LIC collects thousands of cheques every day can deposit the cheque from its office rather than going and dropping cheques in multiple banks
3. Bank's Branches - teller can directly scan and deposit the cheque to its head office for clearing rather than transporting the cheque to the HO
4. Check processing centers - streamline back office operations for the banks with greater audit and tracking
5. Users of the system - can track the status from their desktop and plan their business or personal goals accordingly

Thus, with the implementation of cheque truncation solution, the need to move the physical instrument across branches would not be required, except in exceptional circumstances. This would effectively reduce the time required for payment of cheques, the associated cost of transit and delay in processing, etc., thus speeding up the process of collection or realization of the cheques.

Major advantages of Cheque Truncation

Cheque Truncation thus is an important efficiency enhancement initiative in the Payments Systems area that will help financial institutions in India to increase their top and bottom line and above all ultimate customer satisfaction. Apart from operational efficiency, Cheque Truncation has several benefits to the banks and customers in India

• Faster fund availability
• Better reconciliation and fraud prevention
• Cost effectiveness - reduce overhead cost in cheque processing - savings in transportation, storage of paper cheques
• Online tracking and audit of cheque status at any point of time
• Re-engineering the total receipts and payments mechanism of the customers
• Human resource rationalization - improved efficiency of bank employees

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