FISPAN - Next-Gen Commercial Banking - June/July 2022 - Explore how ERP systems can help banks streamline finances and connect with corporate clients

Next-Gen Commercial Banking

ERP Integration Is Banks Missing Digital Link for Corporate Payments

Integrating AP and AR into corporate ERPs saves them time, money and manual effort, but Bank of America’s Michael Bosacco says banks lag in providing that critical digital connection. Read more in the Next-Gen Commercial Banking Tracker, a PYMNTS and FISPAN collaboration.

Inside the June/July Tracker

  • An interview with Michael Bosacco, global head of advisory for Bank of America, on the challenges banks are facing regarding connecting to client ERPs as corporate leaders seek to reduce the disconnect with their financial partners
  • The latest headlines from the next-gen commercial banking space, including why payment delays of more than six months are plaguing many businesses in China and how a new partnership will allow TD Bank to provide commercial banking services embedded within clients’ ERP systems and accounting software
  • PYMNTS Intelligence on the benefits of ERP systems for businesses in streamlining their AR and AP processes and the current challenges firms face in adopting the technology

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