a world where B2B transactions, once fulfilled, a
received in a
cumbersome email process,
electronic and seamlessly processed without manual intervention. This can be a
reality through a function known as straight-through processing.
Straight-through processing creates a fully automated accounting process that
results in immediate availability of funded payments and enhanced efficiency.
It also has the advantage of providing advanced data reporting for efficient
accounting and reconciliation of accounts receivables. While the benefits of
straight-through processing are pretty obvious, how do you get started and what
type of technology is required? Attend this session to understand how
straight-through processing works and how implementing this solution can result
in faster availability of funds, reduced costs and effort, and fewer errors and
enhanced remittance efforts.
- Understand the value of straight-through processing for B2B payments
- Learn the steps it takes to initiate straight-through processing
- Determine which buyer relationships are most ideal for this type of processing