The challenge ? Finding saleable penetration points that don't require considerable investments of time or money to implement or maintain. One emerging access point for developing a stronger position within corporate financial supply chains comes at the very beginning of the AP process with invoice management. Assisting corporate clients with resolving and approving invoices quickly can start a chain-reaction of events with broad benefits for banks and financial services organizations.
Increased visibility into the financial processes of corporate clients immediately strengthens a bank's position within the financial supply chain. As a result, banks can leverage this new found visibility to partner with buyers and suppliers for supply chain financing, and play a key role in bridging the funding gap for reducing supplier DSO and extending buyer DPO.
By partnering with Bottomline Technologies, a company with vast industry expertise and innovative, market-proven solutions for streamlining invoice management processes, banks and financial services organizations can gain the technological edge they need to unlock the value of the financial supply chain. By white-labeling the company's fully outsourced Invoice Data Capture Service, Bottomline's banking partners are able to offer corporate clients a solution capable of quickly and accurately extracting line-item data from all types of invoices, converting essential information into a standardized electronic format that can be fed directly into an ERP system, invoice management solution, such as Sprinter® Invoice Mannager, or an electronic archive.
Source : http://www.bottomline.com
Increased visibility into the financial processes of corporate clients immediately strengthens a bank's position within the financial supply chain. As a result, banks can leverage this new found visibility to partner with buyers and suppliers for supply chain financing, and play a key role in bridging the funding gap for reducing supplier DSO and extending buyer DPO.
By partnering with Bottomline Technologies, a company with vast industry expertise and innovative, market-proven solutions for streamlining invoice management processes, banks and financial services organizations can gain the technological edge they need to unlock the value of the financial supply chain. By white-labeling the company's fully outsourced Invoice Data Capture Service, Bottomline's banking partners are able to offer corporate clients a solution capable of quickly and accurately extracting line-item data from all types of invoices, converting essential information into a standardized electronic format that can be fed directly into an ERP system, invoice management solution, such as Sprinter® Invoice Mannager, or an electronic archive.
Source : http://www.bottomline.com