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Turf war rages over electronic payments

Article Abstract:

Electronic data interchange (EDI) network was developed to automate purchase orders and invoices with trading partners and to reduce the costs and inefficiencies associated with handling paper. Though large corporations are using EDI network, the main disadvantage of EDI network for smaller companies with less business volumes lies in implementation cost. The arrival of internet-based technologies is turning the existing electronic payments systems obsolete. The feasibility of internet-based technologies over EDI network in carrying out business process for a company is examined.

Commercial Banks, Banking industry, International aspects, Electronic data interchange, EDI (Electronic data interchange), Industry forecasts

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Treasury & cash management - slow technology take-up hinders forecasting

Article Abstract:

Technological advances help in forecasting cash flows with considerable accuracy. However, a number of companies continue with the age-old practices that consume considerable time. The technologies available and their penetration in the market are discussed.

United States, Technology application, Cash flow, Finance departments

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