Oracle, Fundtech and Sierra Atlantic have introduced Seamless STP, a solution that integrates bank payments and receivables processing systems with their corporate client’s enterprise resource planning (ERP) systems, offering corporate treasury executives a single, transparent view of cash flow. Seamless STP enables a bank to be the single point-of-contact for their corporate client’s multi-bank needs, eliminating the cost and complexity of multiple links to multiple banks.
The straight-through processing (STP) solution uses Oracle’s infrastructure and technology; Sierra Atlantic’s BankON, which integrates corporate ERP systems with their banks; and Fundtech’s Global PAYplus Payments Services Hub, which provides payment execution.
“Seamless STP streamlines corporate-to-bank communications, enabling corporations to maintain multi-bank relationships with a single point-of-contact, but just as importantly, it ties together the entire process beginning with sales through ongoing processing of payments and receivables files,” said Andrea Klein, vice president global financial services at Oracle.
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.