Fundtech, a global transaction banking solutions company, has partnered with Dataline, an Australian payment solution and services company, to offer electronic invoice presentment and payment (EIPP) and related financial supply chain services to corporate customers in Asia-Pacific.
Corporates who implement these services can benefit from replacing slow and costly paper-based processes with a quicker, more efficient and greener technology. For example, within the accounts receivable (A/R) department, corporates can speed up the billing process by sending their invoices electronically rather than on paper and then manage them online.
Instant delivery together with query management tools can lead to faster settlement and reduced ‘days sales outstanding’ (DSO). On the accounts payables (A/P) side, corporates can accept supplier invoices in any format straight into their e-invoicing hub, which reduces manual input, eliminates errors and helps to drive down costs.
“Fundtech and Dataline already have many customers in common and look forward to growing our joint customer base further. We share the same vision and values. Both companies want to take the pain out of finance and reducing unnecessary manual work by taking A/R and A/P processes online. Together, our services provide busy finance staff with the ability to view, manage and process all their finance documents in one secure location. This real-time access to data gives them greater visibility of the financial supply chain so that they can better optimise their working capital,” said Ken Swanson, managing director of Dataline.
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