Businesses spend billions of dollars a year managing their receivables – much of it on manual labor. Despite this investment, most businesses are less than satisfied with their receivables processes.
Banks and third-party lockbox providers are looking into solutions to help their customers improve the level of integration, intelligence and control in their accounts receivables process.
Kofax iRemit is a cloud-based platform that dramatically improves the management of payments and remittance data in a highly secure and compliant environment.
Suddenly, providing instant access to payment and remittance information for customer service, working capital management, auditing and regulatory compliance isn’t difficult anymore.