Same Day ACH: Why Banks’ Treasury and Receivables Services Could Be Left in the Dust

About The Webinar

NACHA announced Same Day ACH will be available on September 23, 2016. With little time left to prepare, how will Same Day ACH impact your cash application process and revenue from receivables and lockbox services?

With rising e-payments and declining checks in the B2B space, lockbox service revenue is already dropping. Corporates are moving to non-bank service providers for faster and more cost-effective e-remittance processing as banks offer little to no support in this area.

Join us as we discuss how banks could enhance their Treasury and Receivables services and fill the gap to empower corporate clients through same-day cash realization. Banks could reverse the revenue lost to non-bank service providers by leveraging technology alternatives and Same Day ACH processing capability.

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HighRadius Cash Application Software enables the end-to-end automation of the cash application process that covers major benefits such as AI-enabled data capture for remittances, auto-linking of payments with open invoices, cost-cutting on lockbox fees and easy compatibility with any system due to its ERP-agnostic Saas infrastructure. Apart from the major benefits that it has, there are some key features which can not be missed out, some of them are Email Remittance capture, Discounts and Deductions Handling, Check Remittance Capture, Web Remittance Capture, Invoice Matching, and RDC & Mobile Payments.