Pushing paper aside

Article Abstract:

Though the idea for paperless office has been touted for over two decades, companies have been slow in putting it in practice. Some have used EDI (Electronic Data Exchange) for processing of invoices and payments, but its high cost and difficulty in implementation have discouraged others. However, Web-based technology is offering companies cost-effective solutions, like electronic invoice presentment and payment (EIPP).

United States, Financial Services, Finance and Insurance, DEPOSITORY INSTITUTIONS, Usage, Financial services industry, Company systems management, Information management, Payment, Electronic data interchange, EDI (Electronic data interchange), Invoices, Web services

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Plotting a course to CLS

Article Abstract:

Banks need to choose a vendor for re-engineering back-office operations to achieve real-time clearing.

Financial Transactions Processing, Reserve, and Clearinghouse Activities, Functions related to deposit banking, Clearinghouse Assns, Evaluation, Bank clearinghouses

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An offer you can't refuse?

Article Abstract:

Banks should select new technology based on flexibility, ease of use, and reporting of information.

Product information, Computer software industry, Software industry, Financial software, Technology application, Banking/finance/investment software, Banking software

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