Faster Payments: Fundamentals of B2B Payment Acceptance and Settlement

Key Takeaways

Framework to evaluate faster payments across key parameters such as speed, remittance, ubiquity
Understanding payer, buyer and treasury use-cases for next-generation, faster payments
Understanding the downstream impact of faster payments on A/R
Preparing for real-time cash application

Speakers

Robert Unger, AAP – Senior Director – Corporate Relations and Product Management, NACHA
Ernie Martin, Managing Director, Receivables Savvy

About The Webinar

Corporate teams across A/R, A/P, Treasury, and Banks too are excited about faster payments. However, many are still looking for answers to fundamental questions such as:

How do faster payment methods differ from one another?
What is the value proposition of a faster payment?
How do new, faster options compare to traditional payments?
What is the impact of faster payments on my receivables operations?

Join Robert Unger, Sr. Director Product Management at NACHA, and Ernie Martin, Managing Director of Receivables Savvy, as they compare and contrast faster payment methods on dimensions including remittance, ubiquity and settlement/processing times.

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HighRadius eipp software provides tools that automate and speed up invoice communication and facilitate a faster collection of payments, enabling a closer and more convenient relationship with customers. It automates the invoice transmission and payment collection process providing a configurable solution that supports multiple invoice formats and different modes of transmission (fax, email, portal, etc.) depending on the targeted customer, its integration with ERP systems and a rich search capability enables efficient storage and retrieval of past invoices, backup attachments to minimize disputes and short pays. Apart from that it also has some key features that you would not want to miss out: level-III interchange and surcharge; self-service customer portal; invoicing across email, customer portals, post, and fax; advanced deduction management; and lightning e-payments. The result is faster invoicing and payment collection, better customer service, and improved profitability and cash flow.