In an attempt to improve the speed with which funds are collected, KeyBank has launched KeyPay, to allow clients to accept payments through the Internet and streamline their approach to managing the receivables process. According to Samuel Robb, e-Payments product manager, Global Treasury Management at KeyBank, clients have repeatedly asked for solutions to shorten their payment cycle and lower costs. ‘KeyPay will go a long way toward taking a large chunk out of the costs associated with paper payments,’ he said. Separately, KeyBank has selected CheckFreee Corporation to enable paper checks received at its lockbox or its clients’ receivable location to be converted into ACH transactions.
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.