Slow Cash Realization from ACH? Eliminate 80% of Delays in ACH-Email Remittance Processing
Slow Cash Realization from ACH?
Eliminate 80% of Delays in ACH-Email Remittance Processing
About the Video:
Credit and A/R leaders view low-cost electronic payment formats such as ACH as a way to achieve shorter cash conversion cycles and reduce payment processing costs. While customers have shown an increasing willingness to pay via ACH, less than 20% of all ACH payments are suitable for straight-through automation. Remittance for ACH payments is problematic because there are no fixed formats or standards, and remittance is separately sent and received via emails, email attachments, EDI files and even website portals.
Elaine M. Nowak, Director Product Management & Marketing, HighRadius