Reducing processing costs through automating accounts receivable reconciliation and improving the flow of payment information will enable more efficient use of available funds.

Value for Trading Partners

Reduce Cost per Account Receivable
Trading partners implementing a RosettaNet Payment e-business process will reduce processing costs.  Integrating remittance advices (3C6) tightly with payments will allow auto reconciliation and save substantial process time and dollars.

Improve Information Flow
Improving the information flow in the payment process will enable trading partners to have quicker awareness of available funds. This will not change the speed at which funds are mad available, but will provide quicker information to trading partners about the available funds. A standard Payment e-business process will help enable reliable visibility of incoming funds, decrease credit risk and increase cash flow predictability.

Value for Banks

Increased Transaction Revenue from value-added products and services.  Trading partners participating in the initial stages of this initiative have indicated a willingness to pay a premium to their bank(s) for RosettaNet Payment transactions and to mandate the use of this capability within trading networks.

Increased product and service revenue from bundling/packaging additional and related products and services (i.e. credit line)

Relationship management and improvement with leading existing and prospective customers.

Competitive positioning as an innovative e-business and e-payment leader.