Banks Journey Into Integrated Receivables
Businesses of all sizes, but especially larger ones with high receivables volume across multiple payment types, are now looking for more efficient ways to receive, consolidate and reassociate payments with their related remittance information. The pressure is on for banks to roll out the industry’s most buzzed-about treasury management technologies — Integrated Receivables.
Creating an integrated receivables solution has become a high priority for many financial institutions, in response to the changing needs of their business customers. But for most banks, that journey is just beginning. It's about meeting and exceeding customer expectations, deepening customer relationships and adding value, remaining relevant in an ever-changing technological world, and realizing the revenue potential of doing so.
More and more corporations are demanding bank solutions to help them address their receivables pain points. A recent study conducted by independent research and advisory firm the Aite Group concluded that banks must roll out new capabilities to address those needs or risk losing business to more forward-looking competitors or FinTech startups. Offering an Integrated Receivables solution has become a high priority for many financial institutions, in response to the changing needs of their business customers. But for most banks, that journey is just beginning. Download this report, “Banks Journey Into Integrated Receivables” to learn more.
