E-BANKING: Make payments regardless of location
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Manufacturing News, Source : The Manufacturer US
Published : 25 Mar 2002 16:47
PayMode Integrates With Any ERPDeveloped to provide bank-neutral electronic payment capabilities for business-to-business transactions.
PayMode from Clareon Corporation has now been tested with a variety of ERP systems. The systems included Oracle, PeopleSoft, SAP, and JD Edwards. In some cases, says Clareon, the product was integrated in as little as two days.
PayMode allows users to electronically initiate, digitally sign, transmit, and reconcile electronic payments and remittance directly to and from their financial systems, regardless of platform or physical location. The company's systems integration methodology leverages basic workflow common to all organizations making or receiving business-to-business payments and uses functionality resident within most financial systems.
Paul Walsh, chairman and CEO of Clareon says that the system delivers a significant amount of value, including a lower-cost business process and stronger relationships with suppliers and customers. "Because we have already built the capability to work with any customer system we might encounter, we ensure this value is realized very quickly," he says.
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