Deutsche Bank has introduced its db-recon product to Asia hot on the heels of other integrated payment outsourcing solutions.
The new service allows customers to outsource the reconciliation of invoices by instructing Deutsche Bank to follow up on the invoices using a fully-automated process. Payments received by customers are reconciled against invoices and clients are provided with a daily soft-copy report stating all reconciled and non-reconciled payments.
db-recon takes the administrative headache out of the receivables process, says Jimmy Yap, Asia Pacific head of the bank's global cash management for companies. This is just part of our payment solution that integrates seamlessly with our customers' accounting systems through the host-to-host customer access platform called db-worldPAS,...
