How Integrated Receivables Solutions Help Accounts Receivables Operations Thrive in a Time of Hyper Disruption and Social Distancing

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.

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Topics: accounts receivable software, RDC, integrated receivables, Remote Deposit Capture

Eliminate Float, Improve Cash Application with Mobile Remote Deposit Capture Solutions

Rural Mutual Insurance Company knows a thing or two about managing a remote workforce accepting payments. Founded in 1934 to serve the needs of Wisconsin farmers, Rural Mutual has grown to become the largest business insurer in the Wisconsin, and one of the Top 50 property and casualty insurance providers in the country with 78,000 policies in force.

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Topics: mobile remote deposit capture, mRDC, RDC, Cash Application

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

FTNI In the News: A Guide to Remote Deposit Capture Solutions

 
Originally published on remotedepositcapture.com on 3/30/17.
 
There is no one set of criteria for businesses to use in assessing remote deposit capture. In this, the first in a series of articles, we offer key considerations and guidance for businesses interested in RDC solutions.
What are businesses looking for from RDC solutions? It depends on who you ask.
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Topics: RDC, integrated receivables, Remote Deposit Capture

FTNI In the News: New Partnership Brings AR Automation to Horicon Bank Clients

Originally published on pymnts.com on 2/22/17.

Horicon Bank and Financial Transmission Network, better known as FTNI, are partnering up to help streamline the accounts receivable process for corporates.

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Topics: RDC, integrated receivables, Remote Deposit Capture

Moving Beyond Silos for AR Management

Originally published on PYMNTS.com on 4/1/2016.

In managing accounts receivables, corporate banking has been marked by inefficient processes and a “silo mentality.” FTNI, in a recent e-Book, offered up a roadmap toward embracing the cloud to eliminate isolated systems and processes.

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Topics: RDC, integrated receivables, Banks

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

Leveraging RDC to Prepare for the Future and Optimize the Present

Checks may not be the next new thing—in fact, check use is on the decline—but believe it or not, remote deposit capture (RDC) can help you drive strategic integration and streamline receivables processes within your organization.

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Topics: check processing, mRDC, RDC, Check Scanning

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 disparate platforms and capabilities to their accounts receivables (A/R) systems: ACH, pay-by-phone, online payments, you name it.

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

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