Deluxe Treasury Management Expanding Integrated Receivables Functionality with Deluxe Bill Pay and AR.Bots
October 22, 2019
BOSTON--New Deluxe Bill Pay Solution offers a way to pay and present bills online and integrate into Deluxe integrated receivables (IR) suite--Deluxe Corporation today announced the continued expansion and automation of its integrated receivables functionality with the addition of Deluxe Bill Pay and AR.Bots. The addition of the bill pay solution and AR.Bots technology into Deluxe’s IR suite of services is part of an ongoing evolution into Deluxe providing automation for the order to cash cycle.
With Deluxe Bill Pay, mid-to-large sized corporations and financial institutions can streamline billing and payment processing for their customers through a secure, flexible cloud-based service. Customers pay invoices using their favorite bill pay service or via a secure payment portal via their computer, tablet or smartphone. Payments are automatically matched to outstanding invoices to prevent manual processing. Deluxe configures the portal with the appropriate logos and colors so customers always see the trusted branding they expect.
“We are always looking for ways to improve the customer billing and payment experience,” explained Samuel Golbach, product management, Deluxe Treasury Management Solutions. “Deluxe is partnering with customers not only to expand the core of our IR solutions – which automate and make processes easier for customers – we’re also engineering these solutions to be easy to sell, adopt and use so that banks can deploy these solutions successfully to companies of all sizes.”
Another addition to the Deluxe Treasury Management Solutions suite of services is the Payment Reassociation functionality of buyer portal Automated Retrieval Bots or AR.Bots.
“Payment reassociation and automated cash applications only work if you have all the details you need. For mid- to large-sized companies and financial institutions, when customers fail to send remittance details along with their payments, the AR.Bots go to the customer’s site and pull the data needed so that manual entry is unnecessary,” Golbach said. “With the addition of Deluxe Bill Pay and AR.Bots, our customers have the opportunity to integrate a whole suite of products that will not only help them automate, but improve the way they work with their customers.”
“Customers can easily automate sending invoices, receiving payments, matching data and then have the entire accounting system updated. We’re automating and improving the speed, comprehensiveness and accuracy of manual AR processes that pose critical challenges to companies,” said Rod Springhetti, vice president of product development, Deluxe Treasury Management Solutions.
For more than 100 years, Deluxe Corporation has been a partner and solutions provider to corporations and financial institutions. Deluxe Treasury Management Solutions bring best-in-class services such as payment processing, receivables management, remote deposit capture, digital imaging solutions and more to financial services and corporate clients alike.
About Deluxe Corporation
Deluxe is a Trusted, Tech-Enabled Solutions Company™ for enterprises, small businesses and financial institutions offering a range of solutions to help customers manage and grow their businesses. Approximately 4.8 million small business customers access a wide range of products and services from Deluxe, including incorporation services, logo design, website development and hosting, email marketing, social media, search engine optimization and payroll services, along with customized checks and forms. For our approximately 4,600 financial institution customers, Deluxe offers industry-leading programs in data analytics, customer acquisition and treasury management solutions, fraud prevention and profitability solutions, as well as checks. Deluxe is also a leading provider of checks and accessories sold directly to consumers. For more information, visit us at www.deluxe.com, www.facebook.com/deluxecorp or www.twitter.com/deluxecorp.
By: Business Wire