Straight-through payment solutions from start to finish.
With most electronic payment systems, customers receive payments without remittance details and then must manually find the remittance detail in separate systems like email. Such issues require manual treatment that not only slows your remittance process, but also wastes valuable person-hours and leads to errors. With the Deluxe Treasury Management Solutions advanced payment re-association and invoice matching capabilities, the payment is matched with the invoice remittance details electronically using machine learning and sophisticated algorithms, resulting in greater straight-through processing rates and cost reductions. This end-to-end solution provides improved visibility across the payment lifecycle, giving clients faster access to cash while improving customer support across the board.
Proliferating payment channels and types, increasingly difficult exceptions and invoice formats and the overhead of legacy systems are straining today’s organizations. Deluxe automates processing before items even become exceptions through payment re-association, helping corporations keep staffing costs down and dramatically save on processing time, even as their mix of payments grows and changes. Deluxe’s end-to-end payments solution can improve straight-through-processing rates by 95%.
