1569917_ReceivablesEcosystem

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Integrating the Cash flow Ecosystem With One Partner

Receivables

Departments like Accounts Receivable (AR), Accounts Payable (AP) and Treasury all need dedicated systems that offer the best capabilities. What if your AR, AP and Treasury teams could access all the systems they need via a single, interconnected technology ecosystem? Find out how the FIS® ecosystem can meet your needs in the area of receivables and beyond, both now and in the future.

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FIS® getpaid

Receivables: Cash Flow Ecosystem

FIS® GETPAID is a fully integrated credit and collections management solution that gives you visibility and control across the credit-to-cash cycle. GETPAID consolidates credit and collections data and integrates with your disparate internal as well as external partners and systems. It drives automation and workflow across the credit-to-cash process and embeds artificial intelligence (AI) into every element from collections management to automating cash application, giving you a foundation for continuous improvement in working capital and cash flow.

FIS GETPAID

Consolidate

credit and collections data

your disparate internal and external partners and systems

Integrate

automation and workflow across the credit-to-cash process

Drive

AI-driven actions

Data insights and machine learning

Liquidity dashboard

Treasury working capital

Billing and e-invoicing

Buyer payments

Accounting reconciliation

Supply-chain financing

Integrated banking channels

Real-time payments

the future of receivables

GETPAID already includes AI across the full credit-to-cash process, leveraging rich data. Future developments will include automating decision-making by the AI engine.

FIS ecosystem

Increase your collectors’ productivity by handling specific use cases automatically, without the need for human intervention.

Opportunity

ai-driven actions

Suppliers using GETPAID can speed up the receipt of payment and increase straight-through processing by offering multiple payment options beyond antiquated check, ACH and credit cards.

FIS ecosystem

Provide buyers with multiple payment options and support straight-through cash application by improving remittance accuracy and delivery.

Opportunity

Buyer payments

Being able to leverage data in GETPAID allows companies to finance their supply chains by selling receivables to third-party companies or banks, improving short-term cash flow.

FIS ecosystem

Improve cash flow and optimize working capital by selling receivables to a third party at a discount.

Opportunity

Supply-chain financing

FIS® Data Integrity Manager enables companies to automate reconciliation of general ledger accounts. Fewer resources are needed for the close process, which can be completed in hours or minutes instead of days.

FIS ecosystem

Use automated workflow and approvals to simplify the accounting close process, which involves reconciling subledgers against general ledgers.

Opportunity

Accounting reconciliation

Integrating with different AP portals in the marketplace, GETPAID will allow you to submit invoices electronically without human intervention. Buyers and suppliers are connected via a seamless communication channel.

FIS ecosystem

Managing all invoice delivery requirements with a single system increases the efficiency of credit and collection teams.

Opportunity

Billing and e-invoicing

The GETPAID data and AI capabilities will provide inputs to treasury teams in order to forecast cash at the company level. Treasury teams using FIS® Treasury and Risk Manager – Integrity Edition could then adjust the throttle based on business needs to enable automatic changes in payables, receivables and inventory.

FIS ecosystem

Simplify control over cash flow by allowing changes to cascade automatically to other systems.

Opportunity

Treasury working capital

Leveraging APIs to access AP and AR data, GETPAID will provide Treasury work stations, such as FIS® Treasury and Risk Manager – Integrity Edition, a holistic view of all the company’s liquidity in a single place. The AI engine recommends actions in downstream systems to proactively align with cash position goals.

FIS ecosystem

Gain more visibility into cash positions, make decisions faster and harness real-time information.

Opportunity

Liquidity dashboard

By combining data from receivables, payables and treasury systems, our Predictive Metrics modeling solution will be able to recommend optimal cash positions and predict potential liquidity events.

FIS ecosystem

Harness greater insights to perform what-if scenarios and gauge the impact of changes. Identify macro events that could impact your business, allowing you to take protective measures early and reduce DSO.

Opportunity

Data insights and machine learning

Through an integration with FIS RealNet, GETPAID will be able to automatically send a request for payment on or before an invoice’s due date – thereby eliminating manual collection efforts and allowing collectors to focus on non-participating and higher-risk companies.

FIS ecosystem

Access a truly automated straight-through collections process that reduces DSO and operational expenses.

Opportunity

Real-time payments

With connections to numerous banks and payment rails around the world, FIS provides visibility over all incoming payments, remittance details, working capital and more.

FIS ecosystem

Achieve a centralized view over all banking relationships in order to make better decisions.

Opportunity

Integrated banking channels

Let’s solve cash flow with one partner

Harness a connected network of integrated systems that take full advantage of the latest developments in technology.

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