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Banking System

Automating Cash Allocation

White Paper: AutoRek

How to Automate Cash Allocation Process? Organizations are typically distressed concerning upgrading to new technology however automation really saves businesses money by streamlining inefficient financial processes like manual cash allocation which might be terribly resource intensive. Cash automation will bring added value by increasing the speed at which transactions are made, scale back errors and increase productivity of staff by allowing them to focus on more value added tasks to create a more profitable risk free environment. AutoRek's solutions are purpose-built to improve the quality and efficiency of financial data management, from cost reduction and process efficiency projects, to improving adherence to regulatory reporting requirements. VanguARd™, an automated cash allocation tool matches amounts received in the bank in any currency to any format of remittance advice, approves the values and automatically applies the money to sales and debtors ledgers in order to match to unpaid invoices. The business benefits of AutoRek includes- reduces production costs of management information and the reliance on IT to cut data and produce reports, reduces financial and operational burden of regulation and improves visibility of adherence to service level agreements. Move ahead and read the following whitepaper that will address all your questions, including these: What are the key challenges in manual processing? How AutoRek Cash Application works? What are the key features of AutoRek's Cash Application Process? What are the business benefits of AutoRek?

Cloud Computing and Blockchain Technologies

White Paper: China Systems

Cloud Computing and Blockchain Technologies: Their Future Use to Support International Trade and Supply Chain Finance A combination of Cloud and Blockchain will potentially transform the current paper-based trade finance approach for the processing and management of trade transactions into a more inclusive digital and efficient platform. Cloud computing and Blockchain Technology also have the potential to expand the intermediation of a bank’s involvement in open account transactions. Banks are taking a great interest in Blockchain Technology as a potential way of unblocking complex processes that involve different third party touch points. A technology provider that fails to develop its approach to Cloud computing and to the Blockchain developments mentioned in this paper may find that existing clients move away from them at time of renewal and that they are disqualified from RFIs as Cloud- and Blockchain- based solutions become critical selection criteria. This whitepaper on Cloud computing and Blockchain Technology Covers: Transactional banking-The way forward the trade Network Data-Flow –Cloud-based Blockchain Technology Trading. How new technology is forcing disruption in the transaction banking sector Why adoption of Cloud computing by a financial organization will represent a major change to its existing technology management, resource and policies.  

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