LaSalle Bank Corporation, based in Chicago, will implement Open Scan Technologies’ lockbox module to optimize processing of wholesale exception payments. Open Scan Technologies, a provider of exception automation software, along with business partner, Cash Management Systems, will allow LaSalle Bank’s customers to create a more efficient cash management environment, according to the companies. “Open Scan’s technology allows LaSalle Bank to integrate exception automation within our existing wholesale lockbox processing environment,” said Matt Boatman, senior vice president of receivables management at LaSalle Bank. “The Open Scan lockbox solution helps reduce the manual keystroke time of many of LaSalle’s wholesale jobs, therefore opening the door for enhanced client servicing and product offerings,” said Nadine Lange, president and CEO of Open Scan.
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.