PYMNTS

OCTOBER 31, 2019

Take the lockbox, for example. It’s a service designed around the ubiquity of the paper check, and with checks still a popular payment tool in B2B transactions, lockbox services remain in high-demand. Lockbox services may seem outdated in today’s ecosystem of electronic payments and cloud-based financial management platforms.

Lockbox 43

Lockbox Remittance Data Checks RTP 43

PYMNTS

APRIL 7, 2020

The program, called OneStream Transaction Matching, will work to let companies collect and match large amounts of transactions from numerous sources, enabling the companies to quickly resolve any confusion. The Transaction Matching software goes hand-in-hand with OneStream’s existing Account Reconciliation.

Reconciliation 56

Reconciliation Accounts Automation Lockbox 56

PYMNTS

FEBRUARY 4, 2020

That’s particularly true in accounts receivable (AR), with B2B suppliers not only needing money to flow in from their buyers, but high-quality transaction data for reconciliation, reporting and analytics. A Reconciliation Headache. According to Dean M. Data’s Favorite Payment Rails.

Commercial Card 61

Commercial Card Lockbox Reconciliation ACH 61

PYMNTS

OCTOBER 22, 2020

For businesses managing tens of thousands of transactions every month, manually sifting through email inboxes to match remittance data with bank account information is a massive point of friction. A real-time transaction may be more predictable, but it doesn't address the issues of cost and interoperability, said Lane. Going Public.

B2B 89

B2B Lockbox Remittance Data Payments 89

PYMNTS

JANUARY 22, 2021

Adding to the headache is the sector's typical burden of a high volume of transactions that flow via legacy and paper-based processes. In the accounts receivable (AR) function, Franco noted that Nurx implemented lockboxes in order to centralize the receipt of paper checks from insurance companies. Prioritizing Data Connectivity.

Lockbox 74

Lockbox B2B Checks Finance 74

PYMNTS

JULY 22, 2019

While these technology firms may approach a business about a particular financial process that could be improved by electronic payables, for example reconciliation or fraud mitigation, this strategy takes a fragmented approach to encouraging digitization that fails to provide a bigger picture for a company, he said. “I

B2B 57

B2B Reconciliation Checks Lockbox 57

PYMNTS

JANUARY 13, 2021

All too often, he said, bringing automated payments processes and reconciliation, as well as improved cash collections, are not viewed as offering significant enough returns on investment. The process overall is typically overlooked as a necessary evil, and it's not usually viewed as an opportunity,” Shields explained.

Process 94

Process AI Accounts Lockbox 94