The Challenge The excess queue procedure at The Co-operative Bank is carried out daily to accept, reject and return direct debits, checks and standing orders as a result of the customer having insufficient funds to meet payments. Overnight BACS processing results in a daily “queue” of customers with payments due
Invesco is a US-based independent investment management company that manages more than $1 trillion in assets for clients worldwide. To increase customer experience, the company looked to automation to enable its analyst and portfolio managers to better perform extensive research. Invesco achieved a solid start to its automation program but
The Depository Trust and Clearing Corporation (DTCC) processes 90 million financial transactions each day and serves as a centralized clearinghouse for more than 50 exchanges and equity platforms. An increasing number of cyber threats, including phishing emails and malicious URLS, led DTCC to seek an innovative solution to address threats
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Implementing Robotic Process Automation in accounts payable
The Challenge Even though Alliant had an enterprise content management (ECM) solution, the credit union was only using it in a limited fashion – scanning, storing and retrieving documents in just a few departments. Alliant realized it needed a more robust ECM solution that could easily extend across the entire
AP Automation Infographic An ERP system is too expensive not to get the most bang for your buck – especially when it comes to the accounts payable process. If you have any manual, paper-based processes in your finance department to transfer data from paper into your ERP, you’re leaving money
Get Better Visibility Into Invoices and Payables Poor visibility into financial shared services operations isn’t only detrimental to the back office department, but to the organization as a whole. You could be missing out on early payment discounts, being charged excessive late payment penalties or suffering from inaccurate reporting to
Powering Your Productivity With Automated Accounts Payable There’s a reason more and more organizations today are automating their accounts payable. In fact, according to Hyland – maker of OnBase enterprise content management software – there are at least 10 great reasons to automate the invoices and information that you capture,
We were able to move 800,000 documents to our main ECM system in days.
