New report a window into AR for banks when evaluating the likelihood of selling new solutions or technologies
For an accounts receivable (AR) department, clean and usable financial data is paramount. Banks and fintech providers will better sell receivables solutions after learning how AR juggles multiple payment channels and seeks to post those to accounting. In a new Impact Report, Accounts Receivable: Untangling Cross-Channel Complexity, research and advisory firm Aite-Novarica Group reveals the various approaches undertaken by AR to process receivables from across various payments channels.
“AR doesn’t just want to collect receipts quickly,” said Paul Kizirian, Strategic Advisor at Aite-Novarica Group and author of the new report. “It also wants to post to its accounting systems accurately. Receivables products addressing both of these requirements have a higher likelihood of adoption.”
About Aite-Novarica Group:
Aite-Novarica Group is an advisory firm providing mission-critical insights on technology, regulations, strategy, and operations to hundreds of banks, insurers, payments providers, and investment firms—as well as the technology and service providers that support them. Comprising former senior technology, strategy, and operations executives as well as experienced researchers and consultants, our experts provide actionable advice to our client base, leveraging deep insights developed via our extensive network of clients and other industry contacts. Visit us on the web and connect with us on Twitter and LinkedIn.