“It is becoming more difficult to ignore the benefits of adopting a complete integrated receivables solution that will make it easier to process any type of payment within a single application,” - Gary Smith, National Sales Director, 3 Point Alliance.
Clifton, NJ (PRWEB) October 20, 2014
3 Point Alliance, an industry leader in remittance processing solutions, is attending the Utility Payment Conference, October 20-23 in Baltimore, MD at the Baltimore Harbor Hotel (Booth #402).
3 Point will release a white paper at the conference on crucial factors impacting adoption of advanced integrated receivables (IR) solutions aimed at corporate treasurers and others who need to know more about how to embark on implementing a payments services hub (PSH) whether in-house or outsourced.
The paper, Integrated Receivables: 5 Crucial Factors for Adoption, provides insight into why companies have been slow to adopt integrated receivables solutions. For corporations, adopting an Integrated Receivables (IR) solution would provide many benefits:
- Consolidation of incoming payments and remittance details from multiple payment sources such as retail and wholesale lockbox, ACH, EIPP/EBPP, mobile, cards, home banking along with remote deposit capture;
- Trend analysis across payment types – providing visibility for better decision making;
- Consolidation of internal and external data sources -- improving exceptions processing;
- Cash acceleration – clear and settle payments with a uniform data stream; and
- Invoice matching, posting – with highly configurable data fields.
“With new payment methods entering the market, it is becoming more difficult for companies to ignore the benefits of adopting a complete integrated receivables solution that will make it easier to process any type of payment within a single application,” said Gary Smith, National Sales Director, 3 Point Alliance.
“Integrated receivables hubs have been talked about for a long time because of the need to streamline fragmented data but advancements in cloud-based computing, scalable system architecture, customizable file formats and workflow management – to name a few – makes integrating receivables entirely feasible,” said president and founder of 3 Point Alliance, Norm Grunberg.
Rich Daidone, president and founder at 3 Point Alliance believes, “The market appears ripe for moving toward resolving long-standing legacy systems compatibility issues. Companies want easier back-end processing that can handle multiple payment methods – with fewer exceptions. They want the back-end to be as easy as the front-end is for payers.”
Nationally known utility and energy companies along with payments providers and others in the industry will exhibit at the Utility Payments Conference. Attendees are drawn from billing, credit and collections, purchasing, IT, payments and remittances, finance and treasury and more. For more information, visit: http://paymentconference.com
Visit 3 Point Alliance’s Booth #402 at the Utilities Payments Conference to learn more about their suite of remittance processing solutions.
About 3 Point Alliance
3 Point Alliance, Inc. is a leading provider of vertically integrated remittance processing solutions and services. Our four companies – 3 Point Payment Processing, Qwinstar Corporation, Equipment Leasing Organization and Business Continuity Services – together create innovative, efficient and cost-effective accounts receivables payments solutions for our clients. 3 Point’s wholesale and retail remittance processing centers enable flexible, scalable remittance payments solutions across many business categories. In addition to the Clifton, NJ corporate offices, 3 Point has processing centers in Philadelphia, PA; Seattle, WA; Saint Paul, MN; and, Chicago, IL. To learn more, visit: http://www.3ptalliance.com.