Download Complimentary Whitepaper

Transformations in Remittance & Auto-Cash Processing: Survey Reveals High Lockbox Fees, Low Productivity and a Need for Improved Accuracy are Driving Corporations to Adopt New Technology

Today the processes many corporations rely on to obtain remittance data and apply incoming payments have lagged significantly behind the rate of technology—resulting in poor visibility and a lack of control over the accounts receivable (A/R) environment. Many credit professionals struggle with cash application or auto-cash processing systems that operate independent of the core credit and collections operation. This results in a high cost structure, misapplied payments and increased days sales outstanding (DSO).

Download this whitepaper to read about SunGard’s study findings regarding how many companies are still managing remittance data by hand and how this is affecting their bottom line in terms of cost efficiency, productivity levels and data accuracy rates.