Transform your receivables process
Every day, businesses large and small struggle with accounts receivable efficiency. The biggest challenge? Growing volumes of digital payment methods, each with their own processes and systems. Receivables as a Service (RaaS) from Deluxe equips businesses with a modern technology foundation. It’s a single cloud-based platform that automates payment processing and cash application across all your paper and digital payment types. RaaS takes a holistic approach that streamlines today’s payment challenges and powers tomorrow’s growth.
Transform receivables for your corporate customers
Modern treasury solutions can differentiate your financial institution in a crowded wholesale market. Teaming up with Deluxe gives you the edge, thanks to the innovative capabilities of Receivables as a Service (RaaS). Instead of addressing pressing challenges associated with customer payments with piecemeal solutions, RaaS takes a holistic approach. It’s a single cloud-based platform that automates payment processing and cash application across all paper and digital payment types. Banks that partner with Deluxe can offer this exciting technology—and take advantage of our ongoing treasury expertise and support.
Make convenient and secure check deposits from your office, in the field or on the go.
Delight your customers with simple and secure digital invoicing and payment options.
Accept check payments with efficiency and ease through our best-of-breed nationwide lockbox network.
Increase straight-through processing across all your electronic payment channels.
Reduce exceptions and speed cash application, no matter how you receive payments.
Identify hidden opportunities and accelerate your digital transformation with support from Deluxe treasury management experts.
Receivables as a Service puts an end to the costly, time-consuming and labor-intensive manual processes that plague AR teams.
It puts you in control with maximum efficiency and automation—all while leveraging your existing payment channels and your current ERP system.
It’s an investment that pays off quickly with:
Greater visibility across all your receivables
Unlike point solutions that tackle a piece of the process, RaaS can automate payment processing and cash application for all your paper and digital receivables. It’s a single platform—and a single partner—committed to your success and able to adapt easily as your business grows.
FREQUENTLY ASKED QUESTIONS
From the minute you generate an invoice until you reconcile the final customer payment, RaaS injects speed into your order-to-cash cycle. Reduce DSO and bring cash to your balance sheet faster when you automate processing for checks, ACH, cards, wires and emerging payment types.
As digital payments proliferate, so does the workload for AR. RaaS alleviates the activities that delay cash flow like tracking down remittances, re-entering data and searching for information. RaaS puts everything within reach through a single online portal.
Deluxe’s advanced machine-learning technology “reads” electronic remittances, matches payments to open invoices, identifies errors—and more. RaaS leverages this state-of-the-art innovation across all your payments for precision posting and unrivaled straight-through processing rates.
With a holistic approach that ends data silos, RaaS helps you capture enterprise-wide insights by turning your receivables data into a valuable business resource. Custom dashboards create a 360-degree view that fuels real-time business decisions; Deluxe treasury experts help you understand and optimize these insights.
With fragmented data and manual processes, it’s impossible to make intelligence choices about your excess cash. RaaS not only speeds cash application, it transforms your business with actionable insights to drive informed investment and spending decisions.
No matter where you are in your digital transformation journey, Deluxe can support you with efficient tools and knowledgeable treasury advisors. Working together, we can tailor an easy and convenient experience for your customers, while enabling your staff to work efficiently by handling all payment methods through a single solution.
RECEIVABLES AS A SERVICE
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Questions about receivables management?