Bank of America Merrill Lynch has announced Intelligent Receivables, a new solutions that uses artificial intelligence (AI) and other software to help companies vastly improve their straight-through reconciliation (STR) of incoming payments to help them post their receivables faster.
Three in five senior collections managers from banks, telcos, and utilities across Asia Pacific revealed that consumers in the region have taken longer time to pay their bills in the past year, according to a survey conducted by FICO.
An e-invoicing and payments solution targeted at small and medium enterprises (SMEs) has been launched by Asia Business Solution Software Solutions (ABSS) and Mint Payments, an Australian payments processing technology provider.
The surge in investments in loans and receivables by Chinese banks, while supportive of earnings and capital generation in the short term, raises asset quality, liquidity and interest rate risks in the long term, says Moody’s Investors Service.
Eliminating invoice errors and supplier inquiries has become a priority for forward-looking accounts payable departments. See how GAF, the largest roofing manufacturer in North America has streamlined its procure to pay processes while helping to maintain the company’s mission
A global survey of 323 senior finance executives by CFO Research in collaboration with SAP finds strong interest in improving finance operations not just to cut costs but also business-critical functions such as business process execution