COLUMBUS, Georgia – (BUSINESS WIRE) – June 1, 2021 –
Synovus today launched Synovus Accelerate AR, a brand new fully integrated receivables suite that enables businesses to accelerate access to working capital and reduce exceptions through direct processing across all payment channels. Synovus Accelerate AR comes bundled with Deluxe, a Trusted Payments and Business Technology â¢ company and the industry leader in retail and wholesale locker services.
âThe proliferation of payment channels and the ever-changing preferences of the businesses and consumers who use them have increased the challenge of effectively processing and publishing payment deployment options,â said Katherine Weislogel, Head of Treasury and Financial Services. payment solutions at Synovus. âSynovus Accelerate AR anticipates the rapidly changing needs of organizations to accelerate payment capture, improve the cash conversion cycle, and make better business decisions.
âWe couldn’t be more excited to make Synovus Accelerate AR available to our customers, or to extend our partnership with Deluxe, with whom we are proud to have worked for over 20 years.â
âEveryday businesses large and small struggle for efficient accounts receivable,â said Gary Cawthorne, vice president of treasury management at Deluxe. “We are delighted to continue our long-standing relationship with Synovus on this all-in-one cloud solution that not only automates digital and paper processing, but improves speed and accuracy during the process.”
Synovus Accelerate AR includes the following services:
- Synovus Accelerate AR Console, a comprehensive portal that displays all customer account activity and is the core service module of the Synovus Accelerate AR suite. The console offers a wide range of flexible deployment options for mailbox and receivables solutions for customers to improve their businesses, reduce operational risks, and improve cash flow and efficiency ratios.
- Synovus Accelerate AR Match, a straight-through processing service that automatically combines incoming electronic and paper payments to open up invoice remittance details using machine learning and sophisticated algorithms.
- Synovus Accelerate AR Biller, which allows customers of customers to quickly and securely view invoices and make payments from a web browser or mobile device, including the ability to choose from multiple payment methods, save payment information for next time or activate recurring payments.
- AR Synovus Accelerate aggregator, that consolidates payments, electronically delivers funds and publishes data to clients, and enables fast, straightforward processing that maximizes efficiency.
Retail and wholesale lockbox services are also available as part of Synovus Accelerate AR.
Synovus Bank, a chartered bank in Georgia and insured by the FDIC, provides commercial and retail banking services in addition to a full range of specialty products and services, including private banking, cash management, wealth management, mortgage services, premium financing, asset lending, structured lending and international banking services with its subsidiaries through 285 branches in Georgia, Alabama, South Carolina, Florida and Tennessee. Synovus is a Great Place to Work Certified Company and is available on the web at synovus.com, and at Twitter, Facebook, LinkedIn and Instagram. Equal housing lender.
Luxury, a Trusted Payments and Business Technology â¢ company, champions business so communities thrive. Our solutions help businesses pay and get paid, grow faster and run more efficiently. For more than 100 years, Deluxe customers have trusted our solutions and platforms at all stages of their lifecycle, from start-up to maturity. Our powerful scale supports millions of small businesses, thousands of vital financial institutions, and hundreds of the world’s largest consumer brands, while processing over $ 2.8 trillion in annual payment volume. Our reach, scale and distribution channels position Deluxe as our customers’ most trusted business partner. To find out how we can help your business, visit our website www.deluxe.com, www.facebook.com/deluxecorp, www.linkedin.com/company/deluxe or www.twitter.com/deluxe.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210601005078/en/
CONTACT: Lee Underwood, 706-644-0528
KEYWORD: GEORGIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: CORPORATE BANKING PROFESSIONAL SERVICES TECHNOLOGY SOFTWARE
SOURCE: Synovus Financial Corp.
Copyright Business Wire 2021.
PUB: 06/01/2021 8:00 a.m. / DISC: 06/01/2021 8:02 a.m.
Copyright Business Wire 2021.