How-to Guide: Achieving True Straight Through Processing

At the forefront of modern A/R optimization lies the concept of straight through processing (STP)—a streamlined approach that aims to automate and accelerate the entire A/R lifecycle from payment initiation and acceptance, to deposit/settlement, and ultimately cash application—all with minimal (or no) manual intervention or touch points. 

Legacy A/R operations and processes typically require significant involvement of internal personnel for workflow checkpoints, data entry and reconciliation. With true straight through processing, the A/R lifecycle is automated across payment acceptance, processing and posting. STP automates the entire workflow, offering real-time oversight of incoming payment information and empowering the automation of data transmission into your back-office cash application operations.

In this “How-to Guide,” we’ll lay out the key points that will lead your business to achieving true straight through processing within your receivable operations. 

Who Should Get This Guide?

This free guide is designed for companies of all sizes who are seeking new ways to improve payment processing and automate cash application operations.