As your customers' payment preferences have evolved over the years with the introduction on new payment technologies, so too have the operational demands of your accounts receivable (A/R) organization surrounding the cash application of payments into your back-office systems.
For far too long, this has resulted in additional resources, time and costs as highly manual, error-prone cash application processes dominated the day-to-day efforts of a growing number of your A/R resources.
There has never been a better time to streamline and automate cash application, elevate exception handling, and achieve straight through processing on a single, SaaS, truly integrated receivables processing platform.
Convenient and efficient Software-as-a-Service (SaaS) delivery—easily add new locations, methods, modules, and channels as your business needs grow and evolve.
Complete oversight and direct access to all your receivables items via a single, unified interface.
Seamless integration with your back-office systems, financial institutions and merchant processors.
“FTNI’s ETran platform is helping us to eliminate legacy payment processing silos and systems, open new channels from which we can accept payments from our customers, and ultimately enabling us to get payments deposited and posted in our back-office systems faster than ever before."
Michael Hegarty, Vice President of Technology
Discover Truly Integrated Receivables
Unlike a dashboard that only displays transactions from siloed, legacy receivables systems, atrulyintegrated receivables platform accepts, processes and posts any payment type—check, ACH/EFT, credit card, debit card, cash—via any payment channel—mailed-in,lockbox, called-in, in-person,online,mobile—on a single, secure (and compliant), SaaS platform.
By streamlining and automating accounts receivables operations, integrated receivables solutions cut down or eliminate tedious, manual, time-consuming processes, allowing your internal team to spend more time on higher value functions such as exception handling.
Integrated receivables are desktop applications, hosted in the cloud, that enable users with the functionality to accelerate and automate payment processing through automated workflows on a single interface.
Truly integrated platforms are agnostic by design, maximizing efficiency, flexibility and scalability by being compatible with your existing banks, merchant processor, back-office systems, and check scanning hardware. An agnostic receivables management platform means you don’t have to change or rebuild existing receivable functions as your business needs change today, tomorrow and years into the future.
Through the use of FTNI's integrated receivables platform, ETran, you are able to automate and streamline your cash application operations. By allowing internal teams to have complete oversight of all incoming payment data, payment information is able to be automatically sent for review, processing and posting into your back-office system(s).
FTNI's ETran platform is a cloud-based, modular solution suite delivered in a SaaS model. Software-as-a-service delivery means significantly reducing, if not completely eliminating, all costs associated with having hardware and software managed on-site, as well as the dedicated staff needed to manage the on-premise systems.
With this cloud-based delivery, there is no requirement for dedicated IT staff to go through tedious cycles of upgrading systems or hardware on an ongoing basis. ETran's system is able to automatically check for the latest updates so that users can have seamless access to the newest version every time they login.