Outdated manual processes create chaos for your corporate banking customers. Add artificial intelligence to your accounts receivables processes to eliminate manual invoice matching and the delays associated with it.
With Integrated Receivables, offered by Fiserv through a partnership with DadeSystems, financial institutions can offer their business customers a way to lower total accounts receivable costs and improve accuracy. Payments can be posted faster and more accurately for improved cash flow. And automated payment matching offers significant labor savings so businesses can lower staffing costs.
Using artificial intelligence driven by proprietary algorithms, the payment-to-invoice matching rates of Integrated Receivables are among the highest in the industry. Integrated Receivables can enable new revenue streams for your institution and more efficient receivables processing for your customers. The solution makes for easy exceptions handling with quick, single-click resolution and supports real-time mobile payment collection.
Hosted software as a service (SaaS) solution that can be deployed quickly
Works with any existing payment process or accounts receivable system
Automatic loading and posting based on a customer-defined schedule
Unique mobile app capabilities differentiate you and enable real-time mobile payment collection
Quick, single-click resolution for easy exceptions handling
Enterprise user and role management for easy setup and support
In this BAI Banking Strategies article, Fiserv experts discuss automation tools such as artificial intelligence, machine learning and robotic process automation that can eliminate most of the manual steps associated with cash application today.
Give your business customers a way to lower total accounts receivable costs and improve accuracy, using artificial intelligence for improved payment-to-invoice matching rates.
Being able to efficiently handle receivables in every channel helps maintain a view of funds coming in and supports healthy working capital. An integrated receivables solution enables businesses to accept most payment methods – check, ACH, credit card, debit card, cash – from any payment channel.
This white paper, produced by Aite Group, looks at how financial institutions can build their corporate receivables strategy, how the shift to electronic payments impacts corporate customers’ ability to effectively manage their accounts receivable, and the key factors banks should consider when rolling out a robust integrated receivables offering.
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