Track: Treasury and Payments
Formulating a remittance processing strategy isn’t getting any easier. Ongoing volume declines, rising labor costs, large investments to upgrade scanning and technology make it difficult to justify in-house lockbox operations. But for industries where robust M&A activity is the norm, outsourcing isn’t a cut and dry decision. In this session, CenterPoint Energy shares their approach to rolling in an acquired remittance portfolio of 300,000 extra items per month, while ensuring faster, cost-effective processing.