Morgan Stanley Implements Electronic Payment System From Clareon

US bank Morgan Stanley has implemented PayMode(TM), Clareon’s business-to-business payment solution, and is using it to initiate and send payments, along with detailed remittance information, to vendors and suppliers. The system is already integrated with Morgan Stanley’s accounts payable workflow and its GEAC accounts payable system, allowing the company to generate, approve and transmit electronic payments with remittance to its vendors, while continuing to work within its current accounts payable environment. Clareon is also employing its successful Accelerated Enrollment Program to enable Morgan Stanley’s vendors and suppliers to receive payments and remittance using PayMode.


Related reading