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Quadient Positioned as The Leader in the 2024 SPARK Matrix™ for Accounts Receivable Applications by Quadrant Knowledge Solutions
- The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading vendors.
- Quadient, with its comprehensive technology and customer experience management, has received strong ratings across the parameters of technology excellence and customer impact.
MIDDLETON, Mass., May 22, 2024 /PRNewswire/ — Quadrant Knowledge Solutions announced today that it has named Quadient as a 2024 technology leader in the SPARK Matrix: Accounts Receivable Applications, 2024.
The Quadrant Knowledge Solutions’ SPARK Matrix™ includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading technology vendors in the form of its SPARK Matrix™. The study offers strategic information for users to evaluate different provider capabilities, competitive differentiation, and market position.
According to Nehan Jain, Analyst at Quadrant Knowledge Solutions, “Quadient’s accounts receivable (AR) application, Quadient AR, enables organizations to automate their order-to-cash cycle via core offerings that include invoice processing and management, delinquent and bad debt management, dispute and collections management, cash management, and dashboard analytics. The company distinguishes itself in the global Accounts Receivable Applications market by providing differentiated offerings such as AI-generated, ML-enabled OCR-based remittance to invoice matching, in and out support for payment mode migrations, and partnership with a magnitude of payment providers for hassle-free implementations of full-fledged payment suite.”
“Quadient’s in-house Digital Optimization Program, in collaboration with a variety of payment providers, dedicatedly supports Quadient user clients’ customers in switching from paper-based payment methods to faster and secure electronic methods, such as ACH and card payments. With its comprehensive functional capabilities, strong customer value proposition, and compelling ratings across customer impact and technology excellence parameters, Quadient has been recognized as a leader in the 2024 SPARK Matrix™: Accounts Receivable Applications,” Nehan said.
“We are honored to once again be recognized by the SPARK Matrix: Accounts Receivable Applications,” said Chris Hartigan, chief solution officer, Intelligent Communication Automation, Quadient. “This shows our relentless commitment to innovation and to providing a truly end-to-end AR solution that provides an effortless experience while creating high-value customer interactions and accelerating cash flow.”
Quadrant Knowledge Solutions defines Accounts Receivable Applications as:
“A tool that increases a business’s working capital via a reduction in their Day’s Sales Outstanding (DSO) achieved by automating, simplifying, and managing Accounts Receivable (AR) tasks, such as customer invoicing, disputes and collections, credit monitoring, payments, and cash applications. The platform provides real-time visibility into outstanding invoices by integrating with various ERP and CRM systems and utilizes AI-based predictive analytics to understand customer payment behavior and forecast cash flow thus allowing businesses to identify opportunities and mitigate potential risks promptly.”
Due to the growing need of organizational AR departments, vendors across the market are pouring significant investment in AI/ML technology to build advanced predictive capabilities around forecasting scenarios of default, dynamic prioritization of collections, automation of dispute/deduction resolution, and generation of context-aware emails for and automated remittance matching. Currently, the platforms available in the market are offering a wide range of advanced functionalities for multiple use cases such as electronic invoicing and billing experience, invoice status tracking, dunning management, support for payment financing and factoring options, credit risk management, invoice and payment data centralization, disputes and deduction management, cash flow forecasting, reconciliation and remittance matching automation, and multiple payment method support. As for the foreseeable future of the accounts receivable market it will witness expansion in coverage of compliance with tax and e-invoice regulations while adding partnerships with global payment service providers to expand upon their support for various payment methods.
Additional Resources:
- For more information about Quadient visit here.
- SPARK Matrix: Accounts Receivable Applications, 2024
About Quadient
Quadient is the driving force behind the world’s most meaningful customer experiences. By focusing on three key solution areas, Intelligent Communication Automation, Parcel Locker Solutions and Mail-Related Solutions, Quadient helps simplify the connection between people and what matters. Quadient supports hundreds of thousands of customers worldwide in their quest to create relevant, personalized connections and achieve customer experience excellence. Quadient is listed in compartment B of Euronext Paris (QDT) and is part of the CAC® Mid & Small and EnterNext® Tech 40 indices.
For more information about Quadient, visit www.quadient.com.
Quadient Contact:
Joe Scolaro
Global Press Relations Manager
Quadient
Email: [email protected]
+1 203-301-3673
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business and Growth advisory services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more available research, please visit https://quadrant-solutions.com/market-research/
Quadrant Contact:
Mr. Ajinkya Ingle
Quadrant Knowledge Solutions
Regus Business Center
35 Village Road, Suite 100,
Middleton Massachusetts 01949
United States
Email: [email protected]
Phone: (+1) 978-344-2770
Content Source: https://quadrant-solutions.com/press-release/quadient-positioned-as-the-leader-in-the-2024-spark-matrixtm-for-accounts-receivable-applications-by-quadrant-knowledge-solutions-616
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Reserve Bank of Australia set to conduct “holistic review” of retail payments regulation
The Reserve Bank of Australia (RBA) is set to review the nation’s retail payments regulation, aiming to encourage the payments industry to address efficiency, competition, and safety issues independently.
Ellis Connolly, head of payments policy at the RBA, announced this review during his speech at the Merchant Risk Council Conference in Melbourne this week.
The review will commence after the Australian government completes its evaluation of the current Payment Systems Regulation Act 1998 (PSRA), which defines the RBA’s regulatory powers.
The initial phase will update the definitions of a payment system and participant to ensure newer players can be regulated if needed. It will also assess prominent systems and participants in online retail payments, such as payment gateways, facilitators, digital wallet providers, and buy now, pay later (BNPL) services.
Following this, the RBA will conduct a comprehensive review of retail payments regulation, focusing on the transparency and cost of payment services for consumers and merchants, surcharging frameworks, mobile wallets, and cross-border payments, Connolly confirmed.
The central bank plans to address policy issues related to card payments, including the cost of card payments for end users, least-cost routing for online debit card transactions, competitive payment services among e-commerce platforms, and the introduction of tokenization standards for online card payments.
Regarding BNPL services, Connolly disclosed the RBA’s intention to revisit no-surcharge rules, potentially allowing retailers to pass operational costs on to BNPL consumers.
“In 2021, the RBA concluded that merchants should be allowed to surcharge BNPL services,” Connolly stated. “The RBA’s view was that the benefits of no-surcharge rules for supporting new market entrants were outweighed by the costs in terms of efficiency and competition in the payments system. However, it was unclear if the RBA had the authority to require the removal of these rules. After the PSRA reforms, the RBA plans to reexamine this issue as part of a broader review to determine if the surcharging framework remains fit for purpose.”
Source: fintechfutures.com
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The Reserve Bank of India (RBI) has finalized the framework for recognizing self-regulatory organizations (SROs) in the fintech sector.
On January 15, the RBI released a draft framework for public comment, which has now been reviewed and finalized as the “Framework for Recognizing Self-Regulatory Organizations for the FinTech Sector.”
This initiative aims to encourage fintech companies to establish and adhere to their own industry standards and best practices through SROs. To be recognized as an SRO, entities must be set up as not-for-profit companies, meet specific net worth and infrastructure requirements, and maintain a non-discriminatory membership fee structure. Additionally, SROs are responsible for monitoring and enforcing compliance among members, establishing standards, and implementing grievance redressal mechanisms.
SROs will serve as a bridge between the industry and the RBI, providing sectoral insights, updating the RBI on developments, and helping to create a regulatory environment that fosters innovation while ensuring consumer protection. Interested entities can apply for recognition through the RBI’s official website.
Source: law.asia
The post RBI finalises fintech self-regulation framework appeared first on HIPTHER Alerts.
Treasury Prime, a leading embedded banking software company, has announced a strategic partnership with FS Vector, a regulatory advisory firm.
This collaboration will integrate FS Vector’s regulatory compliance training platform, Headmaster
, into the Treasury Prime Partner Marketplace.
The partnership aims to bolster the compliance capabilities of fintechs and banks within Treasury Prime’s network. By focusing on compliance, this collaboration will provide valuable training resources and ensure reliable consulting support as needed.
Treasury Prime connects banks and enterprise partners seamlessly, offering embedded banking software and a robust partner marketplace. FS Vector specializes in building, launching, and scaling Banking-as-a-Service (BaaS) platforms, providing compliance support and regulatory training.
Through this partnership, Treasury Prime will offer FS Vector’s Headmaster platform, which delivers comprehensive regulatory education and tracking for fintech companies. The platform ensures that fintechs are well-prepared for compliance obligations, fostering successful BaaS relationships.
Kyle Costello, Treasury Prime’s head of partnerships, stated, “FS Vector’s team has worked with fintechs and banks in Treasury Prime’s network over the past few years and has played a vital role in ensuring they are ready for their BaaS journey. With sponsor banks more focused on compliance than ever, we’re thrilled to officially partner with FS Vector to bring valuable compliance training resources to our network and peace of mind for our customers that a reliable consulting firm is ready to step in when needed.”
FS Vector Principal Justin Muscolino emphasized the importance of compliance in BaaS relationships. “Successful BaaS relationships hinge on a shared understanding of and respect for the compliance obligations that a bank and their fintech program are subject to. Our Headmaster platform provides fintechs with the education that sets these relationships up for success in a cost-effective way. We believe that compliance and risk management training should be something that employees enjoy taking, and with the Headmaster, fintechs have a user-friendly platform that makes training relevant, accurate, and role-specific.”
Source: fintech.global
The post Treasury Prime and FS Vector team up to enhance BaaS compliance appeared first on HIPTHER Alerts.
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