{"id":535717,"date":"2021-09-08T09:33:10","date_gmt":"2021-09-08T13:33:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-launches-integrated-receivables-an-ai-powered-offering-to-help-simplify-accounts-receivables\/"},"modified":"2021-09-08T09:33:10","modified_gmt":"2021-09-08T13:33:10","slug":"wells-fargo-launches-integrated-receivables-an-ai-powered-offering-to-help-simplify-accounts-receivables","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-launches-integrated-receivables-an-ai-powered-offering-to-help-simplify-accounts-receivables\/","title":{"rendered":"Wells Fargo Launches Integrated Receivables, an AI-Powered Offering, to Help Simplify Accounts Receivables"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p>\nWells Fargo Launches Integrated Receivables, an AI-Powered Offering, to Help Simplify Accounts Receivables\n<\/p>\n<p>\nThe service can produce significant operational cost savings and speed access to working capital\n<\/p>\n<p>SAN FRANCISCO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nWells Fargo &amp; Company (NYSE: WFC) today announced the availability of Integrated Receivables, a new Accounts Receivable (AR) service that uses artificial intelligence, machine learning, and robotic processing to help simplify payment and remittance data capture, re-association, and invoice matching.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20210908005209\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210908005209\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210908005209\/en\/903752\/4\/IR_810.jpg\" alt=\"Integrated Receivables (Photo: Wells Fargo)\" \/><\/p>\n<p style=\"font-size:85%\">Integrated Receivables (Photo: Wells Fargo)<\/p>\n<\/div>\n<p>\n\u201cIntegrated Receivables allows our clients to spend less time working on piecing together payments data and more time focusing on their core business objectives,\u201d said Danny Peltz, head of Treasury Management &amp; Payment Solutions for Wells Fargo. \u201cBy automating the capture of payments and the matching of funds to invoices, Integrated Receivables can help produce significant operational cost savings, reduce the risk of incomplete or inaccurate data entry, and accelerate cash flow.\u201d\n<\/p>\n<p>\nArtificial intelligence and machine learning technology enables Integrated Receivables to correct errors and improve matching logic over time, which can help companies devote less time and resources to manually applying payments.\n<\/p>\n<p>\n\u201cWith this solution, the software does the bulk of the heavy lifting behind the scenes,\u201d said Chris Noe, Wells Fargo\u2019s Head of Treasury Management Product Innovation. \u201cWe have incorporated multiple receivables solutions onto a single platform that is payment channel agnostic. We are able to use artificial intelligence and advanced data capture to memorize historical corrections and apply them automatically and accurately where needed.\u201d\n<\/p>\n<p><b>Streamlined and configurable implementation <\/b><\/p>\n<p>\nIntegrated Receivables\u2019 customer implementation process is highly-configurable, and has been streamlined by Wells Fargo to help make it easy for clients to get up and running quickly. \u201cMaking it easier for our clients to do business with us is a top priority for the organization,\u201d said Peltz. \u201cWe think they will be impressed with how smooth the setup is for this solution, and how it translates into faster access to working capital.\u201d\n<\/p>\n<p>\nIntegrated Receivables is based on technology from DadeSystems, a leading provider of AR automation solutions. In February of 2020, Wells Fargo made an investment in DadeSystems to support the growth of the company\u2019s suite of technology solutions.\n<\/p>\n<p>\n\u201cWe are excited about this extension of our relationship with Wells Fargo,\u201d said Bill Zayas CEO, DadeSystems. \u201cWells Fargo and DadeSystems recognize the potential for accounts receivable automation to improve efficiencies for a wide range of businesses from smaller companies to the largest and most complex.\u201d\n<\/p>\n<p>\nAbout Wells Fargo\n<\/p>\n<p>\nWells Fargo &amp; Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is the leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth &amp; Investment Management. Wells Fargo ranked No. 37 on Fortune\u2019s 2021 rankings of America\u2019s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fstories.wf.com%2F&amp;esheet=52487568&amp;newsitemid=20210908005209&amp;lan=en-US&amp;anchor=Wells+Fargo+Stories&amp;index=1&amp;md5=e67aac3115176100250d375091174f60\">Wells Fargo Stories<\/a>.\n<\/p>\n<p>\nAdditional information may be found at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.wellsfargo.com%2F&amp;esheet=52487568&amp;newsitemid=20210908005209&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.wellsfargo.com%2F&amp;index=2&amp;md5=b8057f906c9f18afd04f539d92365f6b\">https:\/\/www.wellsfargo.com\/<\/a> | Twitter: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2Fwellsfargo&amp;esheet=52487568&amp;newsitemid=20210908005209&amp;lan=en-US&amp;anchor=%40WellsFargo&amp;index=3&amp;md5=8b951381f8f16d11d3a45644ac11556a\">@WellsFargo<\/a>.\n<\/p>\n<p><b>News Release Category: <\/b>WF-PS\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210908005209r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210908005209\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210908005209\/en\/<\/a><\/span><\/p>\n<p><b>Media<br \/>\n<\/b><br \/>Sam Arenson, 612-414-7618<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:sam.arenson@wellsfargo.com\">sam.arenson@wellsfargo.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Data Management Technology Finance Software Banking<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210908005209\/en\/903752\/3\/IR_810.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Integrated Receivables (Photo: Wells Fargo)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Wells Fargo Launches Integrated Receivables, an AI-Powered Offering, to Help Simplify Accounts Receivables The service can produce significant operational cost savings and speed access to working capital SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; Wells Fargo &amp; Company (NYSE: WFC) today announced the availability of Integrated Receivables, a new Accounts Receivable (AR) service that uses artificial intelligence, machine learning, and robotic processing to help simplify payment and remittance data capture, re-association, and invoice matching. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210908005209\/en\/ Integrated Receivables (Photo: Wells Fargo) \u201cIntegrated Receivables allows our clients to spend less time working on piecing together payments data and more time focusing on their core business objectives,\u201d said Danny Peltz, head of Treasury Management &amp; Payment Solutions &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-launches-integrated-receivables-an-ai-powered-offering-to-help-simplify-accounts-receivables\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Wells Fargo Launches Integrated Receivables, an AI-Powered Offering, to Help Simplify Accounts Receivables&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-535717","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Wells Fargo Launches Integrated Receivables, an AI-Powered Offering, to Help Simplify Accounts Receivables - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-launches-integrated-receivables-an-ai-powered-offering-to-help-simplify-accounts-receivables\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wells Fargo Launches Integrated Receivables, an AI-Powered Offering, to Help Simplify Accounts Receivables - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Wells Fargo Launches Integrated Receivables, an AI-Powered Offering, to Help Simplify Accounts Receivables The service can produce significant operational cost savings and speed access to working capital SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; Wells Fargo &amp; Company (NYSE: WFC) today announced the availability of Integrated Receivables, a new Accounts Receivable (AR) service that uses artificial intelligence, machine learning, and robotic processing to help simplify payment and remittance data capture, re-association, and invoice matching. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210908005209\/en\/ Integrated Receivables (Photo: Wells Fargo) \u201cIntegrated Receivables allows our clients to spend less time working on piecing together payments data and more time focusing on their core business objectives,\u201d said Danny Peltz, head of Treasury Management &amp; Payment Solutions &hellip; Continue reading &quot;Wells Fargo Launches Integrated Receivables, an AI-Powered Offering, to Help Simplify Accounts Receivables&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-launches-integrated-receivables-an-ai-powered-offering-to-help-simplify-accounts-receivables\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-08T13:33:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20210908005209\/en\/903752\/4\/IR_810.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-fargo-launches-integrated-receivables-an-ai-powered-offering-to-help-simplify-accounts-receivables\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-fargo-launches-integrated-receivables-an-ai-powered-offering-to-help-simplify-accounts-receivables\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Wells Fargo Launches Integrated Receivables, an AI-Powered Offering, to Help Simplify Accounts Receivables\",\"datePublished\":\"2021-09-08T13:33:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-fargo-launches-integrated-receivables-an-ai-powered-offering-to-help-simplify-accounts-receivables\\\/\"},\"wordCount\":646,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-fargo-launches-integrated-receivables-an-ai-powered-offering-to-help-simplify-accounts-receivables\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20210908005209\\\/en\\\/903752\\\/4\\\/IR_810.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-fargo-launches-integrated-receivables-an-ai-powered-offering-to-help-simplify-accounts-receivables\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-fargo-launches-integrated-receivables-an-ai-powered-offering-to-help-simplify-accounts-receivables\\\/\",\"name\":\"Wells Fargo Launches Integrated Receivables, an AI-Powered Offering, to Help Simplify Accounts Receivables - 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This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210908005209\/en\/ Integrated Receivables (Photo: Wells Fargo) \u201cIntegrated Receivables allows our clients to spend less time working on piecing together payments data and more time focusing on their core business objectives,\u201d said Danny Peltz, head of Treasury Management &amp; Payment Solutions &hellip; Continue reading \"Wells Fargo Launches Integrated Receivables, an AI-Powered Offering, to Help Simplify Accounts Receivables\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-launches-integrated-receivables-an-ai-powered-offering-to-help-simplify-accounts-receivables\/","og_site_name":"Market Newsdesk","article_published_time":"2021-09-08T13:33:10+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20210908005209\/en\/903752\/4\/IR_810.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-launches-integrated-receivables-an-ai-powered-offering-to-help-simplify-accounts-receivables\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-launches-integrated-receivables-an-ai-powered-offering-to-help-simplify-accounts-receivables\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Wells Fargo Launches Integrated Receivables, an AI-Powered Offering, to Help Simplify Accounts Receivables","datePublished":"2021-09-08T13:33:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-launches-integrated-receivables-an-ai-powered-offering-to-help-simplify-accounts-receivables\/"},"wordCount":646,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-launches-integrated-receivables-an-ai-powered-offering-to-help-simplify-accounts-receivables\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20210908005209\/en\/903752\/4\/IR_810.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-launches-integrated-receivables-an-ai-powered-offering-to-help-simplify-accounts-receivables\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-launches-integrated-receivables-an-ai-powered-offering-to-help-simplify-accounts-receivables\/","name":"Wells Fargo Launches Integrated Receivables, an AI-Powered Offering, to Help Simplify Accounts Receivables - 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