Kurt Matis

Mr. Matis brings over 25 years of financial and operational management experience to the company. Prior to founding FTNI, Mr. Matis was a co-founder of L&M Energy Partners, LLC., where he designed and rolled-out the company’s Automated Contract Tracking Software utilized by customers throughout the U.S. From 1999 to 2003, Mr. Matis was the Chief Financial Officer of R.J. Thompson Holdings (RJT), which was acquired by TD Waterhouse. Before his time at RJT, Mr. Matis worked for Data Transmission Network Corporation (DTN) as Director of Finance. Mr. Matis received his B.S.B.A from the University of Nebraska at Omaha with majors in Finance and Banking, and his MBA from Creighton University, for which he was inducted into the Beta Gamma Sigma Honor Society. Mr. Matis holds a CPA certificate with the State of Nebraska and is a member of the AICPA and the Nebraska Society of CPAs.
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Recent Posts

On Banks and FinTechs; A Partnership Manifesto

If there is one thing we have learned over the history of our business, it is that no two businesses’ accounts receivables (A/R) operations are the same. No matter how similar those businesses may seem on the surface. There is no proverbial “box” that you can fit companies and their associated processes into. 

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Topics: integrated receivables, Banks

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

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: Banks, integrated receivables, financial software

Put an End to AR Inefficiencies with True Integrated Receivables

Originally published in the "Payments at the Edge" eBook, a 2016 PYMNTS.com Report.

The time-tested routine of invoice and check within traditional B2B accounts receivables (AR) processes has officially been disrupted as the world races towards electronic payments.

Disrupted, yes. Dying, perhaps. But not dead. In fact, 93 percent of checks deposited as images in 2014 came from business customers.1 The ability to efficiently and cost-effectively manage check payments is still—and will continue to be—the foundation of a successful B2B AR organization.

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Topics: Straight Through Processing, integrated receivables

The Growing Need for True Integrated Receivables Solutions

Believe it or not, people (and companies) are still using checks to pay their bills. In fact, in 2014, 93 percent of checks deposited as images came from business customers.¹

The time-tested routine of invoice and check within traditional accounts receivables (AR) processes has officially been disrupted as the world races towards electronic payments. Disrupted, yes. Dying, perhaps. But not dead.

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Topics: Straight Through Processing, check processing, RDC, integrated receivables, Remote Deposit Capture

In the Cloud, Accounts Receivable is a Business Driver, Not Just a Cost Center

Originally published in Financial Operations magazine, Spring 2015 issue.

These days, when it comes to accounts receivable, change is the only constant. In 2013, 50 percent of B2B remittances were made by check—a 75 percent decrease from 2004. With automated AR, mobile purchasing, and web transactions all on the rise, the payments industry is seeing lots of change, and it’s not going to stop any time soon. 

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Topics: Straight Through Processing, integrated receivables

Leveraging RDC to Smooth The Path to Straight Through Processing

Originally published in Payments Business Magazine (May/June 2015 Issue)

Integrated Systems Lead to Faster Reconciliation of Checks, Which Means Lower Costs and Speedier Remittance

I am waiting for the day when I can pay for everything—groceries, trips, my mortgage—by waving my hand over a sensor on my watch. We’re moving in that direction; at some point, as the cost of smart phones drops and the technology for mobile payments catches up to consumers, technology will advance to the point that both making payments and reconciling remittances become swift and painless.

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Topics: Straight Through Processing, check processing, mRDC, RDC, integrated receivables, Check Scanning

Simplifying Receivables in the Cloud: 2 Real-World Examples

US companies are wasting $1 billion each year because their receivables and payment processing systems are siloed and overly complex. It’s a grim picture, and it’s not improving nearly as fast as it could be. In the burgeoning digital age, consumers have come to expect rapid, personalized experiences in every aspect of their lives, from ordering groceries online to paying their bills. Companies, wanting to delight their customers, have responded by adding different platforms to their accounts receivables (AR) systems: ACH, pay by phone, you name it.

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Topics: Straight Through Processing, check processing, RDC, integrated receivables, Remote Deposit Capture

The Payments Solution: Straight Through Processing

Part 2 of the 3-part True Straight Through Blog Series

To sum up the payments problem: Clients are using multiple payment types (check, ACH, credit card) to cater to customers, and they’re using multiple technologies from different third-party vendors (check scanning, auto-ACH, web, mobile) to streamline receivables. The resulting mash-up of different systems and legacy software results in increased complexity, inefficiencies with separate file integrations, reporting, reconciliation points, and costs for maintenance, training, and support. The payments industry has siloed what it wanted to streamline.

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Topics: Straight Through Processing, online payments, mRDC, RDC, integrated receivables

Making Cloud-Based Payment Processing Pay Off for Your Business

There’s never been a better time to start taking advantage of the new technologies that are emerging within B2B receivables payments processing. Although check use is on the decline in total—in 2013, 50 percent of B2B remittances were made by check,a 75 percent decrease from 2004—checks and remittance documents continue to be a large part of many B2B receivables processes.

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Topics: payment processing, remittance processing, B2B Payment Processing, integrated receivables, Cloud

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