Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
FedPayments Improvement blog on B2B payments
The Federal Reserve's FedPayments Improvement task force has posted a blog article, "A New Era: Modernizing B2B Payments," discussing the risk of leaving business-to-business payments behind in the movement toward faster payments. As the U.S. payments landscape rapidly evolves, consumer payments are increasingly being completed faster, but B2B payments processes are still fragmented, often requiring manual processing with multiple steps and the opportunity for error. This lack of digitalization makes B2B payments more prone to fraud and more costly than other payments.
The Federal Reserve is coordinating with the industry to propel B2B payments toward modernized, electronic solutions that reduce manual intervention. To catalyze this evolution, the Fed and Business Payments Coalition (BPC) have organized work groups dedicated to change: optimizing efficiency in electronic invoicing and remittance delivery. These work groups are on the front line of B2B payments modernization, and their work will drive innovation in the United States.
The article announces a new YouTube promotional video, the first in a three-part series, on how the Fed’s collaboration with the industry today will transform B2B payments tomorrow.