FTNI Blog

These are truly unprecedented times.

Things that were our collective 'normal' only matter of weeks ago, now seem like distant memories.

Businesses, educational systems, entire governments—our routine daily lives—have all been disrupted by an invisible force that virtually none of us could've ever been completely prepared for.

But in the words of Albert Einstein,

"In the middle of every difficulty, lies opportunity."

We are very much in the middle of a time of great difficulty. But there is no doubt that out of this difficulty will come innovation. Innovation bread from times that force us all to look at how we do business, how we educate, how we govern, how we live; and make the improvements that we may not have otherwise made. It is how we evolve. It is how we move forward.

What Charles Darwin had to say about the evolution of species applies to business enterprises as well: adaptability is key to survival.

Consider accounts receivable (A/R) operations. The proliferation of check payments during the 20^th Century led many businesses down the path of automation, in the form of lockboxes (managed in house or outsourced), which helped to reduce costs by compressing collection cycles and eliminating labor-intensive processing steps. By the turn of the 21^st Century, however, the proliferation of new payment methods and channels (ACH, cards, online and mobile), created a new, more complex environment, as companies, acceding to customer demands for more payment options, were forced to implement disparate systems for accepting and processing receivables. What has emerged are corporate A/R operations bogged down by costly, error-prone manual processes spread across numerous legacy systems.

Tankersley Foodservice is committed to doing “Whatever it Takes” for customers. That includes offering an array of payment options and assurances that payments get posted to accounts quickly and efficiently within their back-office system. By implementing an integrated receivables solution, Tankersley has been able to stay true to that mission while driving significant internal efficiencies.

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 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.