For organizations looking to sustain and grow their businesses, the need to support multiple payment types and channel options in order to collect their accounts receivable is simply a fact of life.  While this may be convenient for their customers, it is not convenient for the business itself. The time spent manually reconciling open invoices to many payments types, with remittance information and payments received across multiple channels, leads to an overall sense of accounts receivable turmoil and inefficiency. Corporates are looking for solutions to automate accounts receivable processing, and for help in mitigating their accounts receivable challenges. Financial Institutions that adopt an integrated receivables strategy can not only help ease these customer frustrations, but also grow revenue, and attract and retain commercial deposits in their own businesses. It’s a win-win.

In this webinar, hear from Aite Group senior analyst Erika Baumann about the challenges commercial customers are facing, especially given the uncertainty surrounding today’s market. Questions to be answered during this webinar include:  

1. What is the current market dynamic for corporates when it comes to taking advantage of the value that Integrated Receivables can provide?

2. Why do banks need to implement an integrated receivables strategy and what does the business case to build one look like? 

3. What are the essential functions of an Integrated Receivables solution?