PNC Bank Treasury Management announced that 395 lockbox accounts for 198 clients have implemented its cutting-edge technology — called A/R Advantage — since it first became operational in January, 2001. PNC’s A/R Advantage combines the technology of digital images of all lockbox payments and remittance documents with all electronic payment information, accessible in one file via the Internet. PNC’s A/R Advantage clients include Campbell Soup, General Electric, General Electric CapitalCorporation (GECC), IKON Office Solutions and New Jersey Hospital Association. While a traditional bank lockbox accepts only checks as an input medium, PNC’s A/R Advantage also includes credit card payments and electronic forms of payment such as electronic data interchange (EDI), Automated Clearing House (ACH) transactions and wire transfers. Combined information about paper and electronic payments is delivered to the client in a single, streamlined report.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.