True Integrated Receivables—A Win-Win-Win for Banks, Corporate Customers and FinTechs

For a growing number of banks, the accelerating demand for integrated receivables solutions, and the vast operational benefits this technology delivers corporate banking customers, is no longer something that can simply be added to a bank’s road map for future consideration.

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The Journey to Attaining the “Holy Grail” of Accounts Receivables – Straight-Through Processing

Many people want to achieve 'straight-through processing' (STP), but what does that really mean?

As we’ve pointed out in previous posts, STP is considered by some to be the “Holy Grail” or even “manna from heaven” for corporate treasurers, and we believe rightly so. Imagine being able to keep your internal resources focused on the highest value functions and exceptions while automated business rules streamline everything else. Imagine how different your accounts receivables (AR) operations would look when you have the full confidence that your FTE resources are maximizing every interaction they have. It's easy to forget sometimes, but each time one of your team members has to look at a payment, it costs you money!

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Topics: STP

Breaking the Bank: How to Eliminate Siloed Systems and Deliver Holistic, Truly Integrated Receivables Solutions that Corporate Customers Actually Need and Want

For many corporations (and banks), integrated receivables isn’t simply a buzz word any longer—it’s become a reality that is tranforming AR operations. As companies across multiple industries have looked to third-party technology providers to deliver a solution to simplify and streamline their accounts receivables processes, it has forced many banking institutions to take a closer look at prospective Fintech partnerships and re-evaluate their own treasury management offerings.

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Topics: integrated receivables, Banks

A Look Back at 2017; Growth, Partnerships and Setting the Standard for True Integrated Receivables

2017 was another successful year for our team here at FTNI, with record sales growth fueling the expansion of both our sales and marketing teams, as well as our development and customer service teams. The rewards of this exciting growth has come in several different varieties, including the addition of a record number of new customers added to our ETran Integrated Receivables platform, exciting new partnerships, and enhancements to multiple ETran modules and supporting features across the platform. 

In this post, we'll take just a few minutes to highlight some of our most popular and noteworthy announcements, enhancements and content from 2017. 

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Topics: Straight Through Processing, integrated receivables

12 Gifts of True Integrated Receivables (Part 2)

It’s nearing Christmas Eve, and while many good little boys and girls will have to wait to open their presents just a bit longer, we’re giving you a head start. Below, you’ll find six more gifts for you, wrapped and ready to go in our second and final installment of our holiday-themed “12 Gifts of True Integrated Receivables,” blog series.

In Part Two, you won’t see ten lords a leaping, but you will find yourself dancing like the eight ladies once you unwrap the final six gifts of True Integrated Receivables (IR).

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Topics: integrated receivables

12 Gifts of True Integrated Receivables (Part 1)

Christmas carols are a love/hate relationship, there is no middle ground. You either absolutely love this time of year, or you can’t stand the constant cheer. “The 12 Days of Christmas” has been labeled as the “holiday’s most annoying carol” by Vox, therefore FTNI felt it was necessary to revitalize this classic with an integrated receivables spin, quite possibly the only way to save this dying carol.

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Topics: integrated receivables

From the Front Lines: Three Steps to Achieve Straight-Through Processing Leveraging RDC, EIPP and Recurring Payments on a Truly Integrated Receivables Platform

Remote deposit capture (RDC) of checks has many benefits—not least, reducing the manual labor required for processing, and ultimately posting checks into the appropriate back-office systems. That, in turn, can save you money. When you automate check processing using RDC, it’ll cost you between 10 and 20 cents per transaction (depending on monthly volumes)—significantly less than the $1 to $2 (or more) per transaction that traditional outsourced lockbox processing can cost.   Read More

Topics: Straight Through Processing, EIPP, RDC, integrated receivables

Recent Fintech Investments Signal Ongoing Evolution Among Banks; Still Fall Short of Delivering Holistic Receivables Processing Solutions

Lately, banks have been taking some noteworthy strides to innovate in the AR space by investing in new fintech technology. It’s exciting to see, and we hope it’s a sign of things to come—but although this is a positive sign for future collaboration between banks and fintechs, these recent investments and partnerships still don’t go far enough. 

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Topics: financial software, integrated receivables, Banks

Adoption of Truly Integrated Receivables Solutions Grows Across Multiple Industries

Each day brings new announcements and news from the ever-changing world of payment technology. With so much new information coming at you each day, it’s easy to miss topics that may be valuable to you. So we thought now was as good a time as any to take few minutes to catch you up on some of the most recent news from FTNI.

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Topics: distribution companies, integrated receivables, Banks

Transforming Insurance AR Operations with Truly Integrated Receivables Solutions

 If you’re an insurance company, your customers probably want to do everything online, from making claims to paying bills. Like the banking and healthcare industries, today’s insurance providers find themselves providing their customers with a bevy of different payment methods and channels—everything from ACH and pay by phone to online and mobile solutions.

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Topics: Straight Through Processing, Insurance, integrated receivables

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