New Service to Enhance B2B Working Capital Management

PNC Bank launch A/R Advantage, a multi-million-dollar treasury management initiative directed at the enhancement of a company’s ability to manage its working capital. ‘In the dynamics of today’s business world, corporations need high quality information more than ever before, and they need it fast. When it comes to business-to-business receivables management information, the faster the better,’ said Francine M. Miltenberger, PNC Bank Treasury Management executive vice president. ‘CFOs, treasurers and controllers are all challenged by a number of issues that impact working capital management. Corporations need ways to shorten information float, shave time off the receivables cycle, integrate traditional paper remittances with electronic formats, and enhance their client relationships at the same time. A/R Advantage is designed to help them address their particular issues. ‘


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