FTNI Blog

 Originally published on SiliconPrairieNews.com on 11/28/2018.

Financial Transmission Network, Inc. (called FTNI) is an integrated receivables company located in West Omaha.  The company shares unassuming space with a bank and insurance agents. Inside their office, however, is a totally different culture and theme.

The old saying goes, “If it ain’t broke, don’t fix it.”

This saying may be true for more than just a few things in life—your refrigerator, your car, your coffee maker, etc.—but your company’s accounts receivables operations (and the technology that supports it) isn’t one of them.

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. 

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.

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!

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.

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. 

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).

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.