Implementation of Stryker® Pay to Minimize Check Fraud and Improve Check Printing

Abstract

The intent of the project, Stryker® Pay, was to replace the check printing process in Stryker®. The application will be capable of converting the check information obtained from the ERP system into a PayBase (off the shelf application selected by Stryker® to print the checks) system input file, store the checks data in a database, print the checks for the desired period of time and send the positive payment information to the bank (CFA process). After successful application implementation Stryker® was able to replace the plotter printer with a laser jet printer, reducing the working area by 50% or more. Also, Stryker was able to reduce the headcount required to execute the task by 50% (from two employees to one) and the inclusion of the electronic signature in the check printing process eliminating the need of a director to sign all checks at the end of the run. Finally, the application reduced the time to execute the process by more than 80% (from eight hours to one hour). Key Terms - CFA, Digital Check Printing, Electronic Check Signature, Parser, Stryker® Pay.