PITTSBURGH, Jan. 29, 2014 /PRNewswire/ — PNC Bank, N.A., a affiliate of The PNC Cyberbanking Casework Group, Inc. , appear today an accessory to its balance automation technology band-aid for mid-size and ample businesses. PNC now offers broadcast aut
PITTSBURGH, Jan. 29, 2014 /PRNewswire/ — PNC Bank, N.A., a affiliate of The PNC Cyberbanking Casework Group, Inc. , appear today an accessory to its balance automation technology band-aid for mid-size and ample businesses. PNC now offers broadcast automation of the procure-to-pay action through cyberbanking invoicing capabilities powered by OB10, the all-around e-invoicing arrangement that is allotment of Tungsten Corporation plc . PNC is the aboriginal bartering coffer in the United States to accommodate OB10 with its balance automation platform.
PNC helps barter to accomplish straight-through balance processing from balance cancellation to acquittal utilizing both workflow-based or automatic approval processes. PNC’s chip band-aid enables balance abstracts to be submitted in any format, including paper, e-mail, fax and book alteration or by basic an balance electronically through the OB10 online portal.
Benefits of accumulation PNC’s accounts payables solutions for bartering barter with the OB10 e-invoicing arrangement include:
— One provider to accept and action both cardboard and cyberbanking invoices.– Higher affection abstracts that reduces exceptions and error-prone manualprocessing.– Streamlined balance processing through automatic cancellation of invoices andonline workflow approval.– Faster, added cost-effective acquittal process.– The adeptness to abduction added aboriginal acquittal discounts.
“PNC led the cyberbanking industry by accumulation accelerated imaging and abstracts abduction with accounts payable workflow to catechumen cardboard invoices to cyberbanking abstracts for processing and reporting. Upon that foundation, we can now action our barter a single, chip band-aid for all types of invoices application technology that has been broadly adopted,” said Chris Ward, arch of Treasury Administration artefact administration at PNC Bank.
“Our cardinal affiliation with PNC will acquiesce added organizations to advance their all-around trading capabilities, so bringing greater ability to their accumulation chains, and optimizing their alive capital,” said Edmund Truell, accumulation CEO at Tungsten Corporation plc. “We attending advanced to alive carefully with PNC to advance a absolute invoice-to-pay service.”
PNC bartering barter selecting this new technology will allure their suppliers to abide invoices through the OB10 network, a technology already in use by above U.S. trading partners. No accouterments or software installations are appropriate by suppliers. For invoices that abide to be beatific by cardboard during and afterwards the OB10 enablement period, PNC’s imaging belvedere may be activated to digitize all of the balance data.
OB10 (www.OB10.com) is the all-around e-invoicing arrangement at the amount of Tungsten Corporation plc (www.tungstencorporationplc.com) that simplifies and streamlines the circuitous invoice-to-pay action to accredit alert payment. Compliant in 43 countries beyond Europe, the Americas and Asia, OB10 can abate invoice-processing costs by 60% and bear an ROI in beneath than a year. Tungsten Corporation’s OB10 arrangement connects some of the world’s better companies and government agencies to their bags of suppliers about the globe. It processes affairs account over $180 billion per year for organizations such as Aviva, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, IBM, Kellogg’s, US Federal Government, Tesco and Whirlpool. Tungsten Corporation offers accumulation alternation costs to suppliers on the OB10 arrangement and will advice organizations accumulation by applying avant-garde absorb ytics to its all-inclusive athenaeum of balance data.
The PNC Cyberbanking Casework Group, Inc. (www.pnc.com) is one of the United States’ better adapted cyberbanking casework organizations accouterment retail and business banking; residential mortgage banking; specialized casework for corporations and government entities, including accumulated banking, absolute acreage accounts and asset-based lending; abundance administration and asset management.
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