The Curious Case of Electronic Remittance Processing
The Curious Case of Electronic Remittance Processing 4 Obstacles to Overcome to Achieve >90% Straight Through Processing
About the Video:
43% of the respondents in a survey by the Remittance Coalition said that among the top pain points of electronic remittance processing was missing data elements in the remittance file. The next biggest pain point, according to the survey, was the handling of multiple remittance formats, which lead to inefficiencies during payment processing.
From the results of the survey, it becomes clear that the benefits of electronic payments are easily overshadowed because processing them becomes a tedious affair.
In this webinar we will analyze the inefficiencies that had been present in the cash application process at various organizations, and then share how they achieved >90% straight-through processing by automating cash application.
Elaine M. Nowak, Director, Product Management, HighRadius