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Quadient Positioned as The Leader in the 2024 SPARK Matrix™ for Accounts Receivable Applications by Quadrant Knowledge Solutions

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  • 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:

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“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:

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.

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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
Connect with us on LinkedIn- https://www.linkedin.com/company/quadrant-knowledge-solutions/

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InScope secures $4.3m to revolutionise financial reporting and auditing

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InScope, a newly launched FinTech company, has successfully raised $4.3 million to expand its innovative financial reporting and auditing platform.

According to PYMNTS, the funding round included significant contributions from prominent investors such as Lightspeed and Better Tomorrow Ventures.

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The new capital will be used to enhance InScope’s platform capabilities. The company aims to shift accountants’ focus from laborious manual tasks to more strategic initiatives, thereby empowering finance professionals with tools to complete reporting and auditing tasks quickly and efficiently.

InScope’s system compiles data from a company’s core systems, such as ERP, along with publicly available information, and transforms these inputs into GAAP-compliant financial and audit documents.

InScope CEO and co-founder Mary Antony stated, “Our technology dramatically reduces the time and effort required for financial reporting and auditing, eliminating the need for outdated manual processes.” Her co-founder and COO, Kelsey Gootnick, also emphasized the transformative potential of InScope, which they conceived out of their own frustrations with existing financial processes.

The company has already begun collaborating with a select group of companies to refine and enhance their financial reporting capabilities. JC Bahr-de Stefano, a venture capital investor at Better Tomorrow Ventures, commented on this partnership: “InScope is already working with a handful of companies to help streamline their financial reporting needs and enable accountants to complete their reporting tasks in minutes instead of months.”

Source: fintech.global

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Citi extends USD Clearing service to Middle East in partnership with Emirates NBD

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Citi has partnered with Dubai-based banking group Emirates NBD to launch its USD Clearing service in the Middle East.

Through this collaboration, Emirates NBD will offer the USD Clearing service, along with its commercial and treasury payment execution capabilities, to corporate and retail clients via its branch networks in the UAE and Saudi Arabia. This service will enable clients to make cross-border USD payments with continuous availability, addressing current payment flow challenges posed by varying transaction cut-off times in the UAE.

“The introduction of 24/7 USD Clearing will support the growth ambitions of our clients by giving them the ability to seamlessly transfer funds in a timely manner without having to worry about cutoffs and holidays,” said Ahmed Al Qassim, group head of wholesale banking at Emirates NBD.

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Following the initial launch, the service will be extended to all Emirates NBD branches in the Middle East and globally, including partnerships with third-party institutions.

According to its website, Emirates NBD currently operates 853 branches in the UAE, Egypt, India, Turkey, Saudi Arabia, Singapore, the UK, Austria, Germany, Russia, and Bahrain.

Shahmir Khaliq, Citi’s head of services, described the collaboration as “an important step in our journey to creating a multibank solution that is designed to deliver an end-to-end, ‘always on’ experience for participant banks and their customers.”

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Source: fintechfutures.com

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New partnership between BIS and MAS targets climate risks in finance

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The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have recently collaborated on an innovative initiative.

The BIS, an institution dedicated to fostering international monetary and financial cooperation, and the MAS, Singapore’s central bank responsible for monetary policy, financial regulation, and supervision, have teamed up to tackle a pressing global challenge.

Their partnership aims to develop a blueprint for a climate risk platform designed to integrate regulatory and climate data. This platform will enable financial authorities worldwide to better identify, monitor, and manage climate-related risks within the financial system.

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The BIS, through its Innovation Hub Centre in Singapore, is addressing financial stability concerns posed by climate change. The MAS adds its regulatory expertise and focus on sustainable finance to the effort. Both institutions recognize the complex challenges posed by climate change, including significant data gaps and the difficulty of assessing associated risks.

Project Viridis, led by the BIS Innovation Hub, outlines the essential features and metrics of the proposed climate risk platform. This platform is designed to provide comprehensive data on financed emissions, exposure to physical risks, and forward-looking assessments under various climate scenarios. As the impact of climate change on global financial markets escalates, adaptive and innovative responses are necessary.

The partnership also leverages advanced technologies such as natural language processing to extract and analyze climate-related data from corporate disclosures. This enables a deeper understanding of financial institutions’ climate-related risks and identifies potential areas requiring more intensive risk assessment.

Maha El Dimachki, head of the BIS Innovation Hub Singapore Centre, stated, “Project Viridis demonstrates how regulatory data can be integrated with climate data, extracted from corporate disclosure documents using natural language processing techniques. This provides authorities with insights into climate-related financial risks, helping them form an initial view of financial institutions’ risk exposures and identify areas that may require deeper risk assessment.”

Source: fintech.global

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