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PNC TreasuryManagement is rolling out a new solution designed to optimize corporate treasurers’ B2B payments. The decision will be made based upon an array of factors, including which payment method offers the lowest cost to the payer, enables the fastest delivery and other parameters pre-established by the treasurer client.
One of the biggest pro-check arguments in B2B payments today is that the payment rail lets corporate payers get a few extra days off to float cash. A recent survey from NACHA found that AR executives know this shift is in the works. You have the invoice, the check, the bank information — everything is there.”.
The event, sponsored by American Express, focused on the ways health care organizations can manage the exit of paper, manual-based accounts payable processes and progress into digital B2B payments. In 2014, NACHA revealed that it initiated collaborations with health care companies to help the industry adopt ACH payments.
. “We want to offer our customers the widest solution, soup to nuts — that means creation of the remittance data, creation of the payment, reconciliation of the payment, treasurymanagement services, the entire spectrum,” he noted, adding that virtual cards can address all of these needs for insurance firms. ”
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