Deluxe and IBM Collaborate on Comprehensive End-to-End Receivables Automation Solution
23 Ottobre 2023 - 3:00PM
Business Wire
Deluxe (NYSE: DLX), a Trusted Payments and Data company, and IBM
Consulting, a global leader in technology and business consulting,
are proud to announce a strategic collaboration aimed at
transforming the receivables and cash application processing
landscape for corporations. This collaboration has resulted in a
joint go-to-market agreement intended to empower clients with a
comprehensive and efficient solution targeting the lifeblood of
every business - optimizing cash flow.
The primary focus of this collaboration is to put the power of
receivables automation and cash application processing directly
into the hands of corporations, help reduce overhead, and help
increase overall efficiency. IBM Consulting, with its deep
expertise in finance business process outsourcing services, is
joining forces with Deluxe to bring joint clients an end-to-end
solution that addresses both technology and operations.
"We are thrilled to work alongside IBM Consulting to provide
businesses with a solution that can help truly transform the way
they manage their receivables," said Michael Reed, President of B2B
Payments at Deluxe. "With the cutting-edge receivables automation
software from Deluxe and IBM Consulting's operational expertise, we
are pioneering a holistic approach that can streamline the process
to drive savings and efficiencies."
"IBM Consulting is committed to delivering innovative solutions
that help drive operational excellence and cost savings for our
clients," said Juhi McCelland, general manager and managing
partner, IBM Consulting, "Teaming up with Deluxe allows us to offer
an end-to-end receivables automation solution that leverages both
technology and operational capabilities to provide an innovative
customer experience."
This offering leverages Receivables360+, a new product in the
Deluxe Receivables Automation product suite. This new solution
marks a milestone at Deluxe as the first Payments & Data
solution built from the ground up leveraging the latest technology
for invoice matching, automated file generation and more. Deluxe
also applied this solution internally as “Client Zero”, combining
Deluxe receivables automation technology with support from IBM
Consulting. This enabled both Deluxe and IBM Consulting to
understand the product's capabilities and therefore better assist
clients in optimizing their receivables processes. On top of
existing automation, after only two weeks, Deluxe has reduced the
amount of payment reconciliation matching that needed manual
intervention by an incremental 30%. This creates more capacity,
frees up professionals' time for higher value work and frees up
working capital.
This collaboration is a testament to the evolving landscape of
receivables and cash application processing, addressing the
increasing demand for streamlined, cost-effective, and efficient
solutions. By offering a single, integrated view that helps
eliminate the need for multiple systems, Deluxe and IBM have come
together at the perfect time, aligning with the enterprise-level
digital transformation at Deluxe to streamline operations and drive
value to their customers.
For more information about this collaboration and the
Receivables360+ platform, please visit
https://www.deluxe.com/payments/receivables-management/cash-application/.
About Deluxe Corporation
Deluxe, a Trusted Payments and Data company, champions business
so communities thrive. Our solutions help businesses pay, get paid,
and grow. For more than 100 years, Deluxe customers have relied on
our solutions and platforms at all stages of their lifecycle, from
start-up to maturity. Our powerful scale supports millions of small
businesses, thousands of vital financial institutions and hundreds
of the world’s largest consumer brands, while processing
approximately $3 trillion in annual payment volume. Our reach,
scale and distribution channels position Deluxe to be our
customers’ most trusted business partner. To learn how we can help
your business, visit us at www.deluxe.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231023119054/en/
Brian Anderson, VP, Strategy & Investor Relations
651-447-4197 brian.anderson@deluxe.com
Keith Negrin, VP, Communications 612-669-1459
keith.negrin@deluxe.com
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