Deluxe and IBM Consulting announced a strategic collaboration aimed at transforming the receivables and cash application processing landscape for corporations. This collaboration has resulted in a joint go-to-market agreement intended to empower clients with a comprehensive and efficient solution targeting the lifeblood of every business - optimizing cash flow. The primary focus of this collaboration is to put the power of receivables automation and cash application processing directly into the hands of corporations, help reduce overhead, and help increase overall efficiency.

IBM Consulting, with its deep expertise in finance business process outsourcing services, is joining forces with Deluxe to bring joint clients an end-to-end solution that addresses both technology and operations. This offering leverages Receivables360+, a new product in the Deluxe Receivables Automation product suite. This new solution marks a milestone at Deluxe as the first Payments & Data solution built from the ground up leveraging the latest technology for invoice matching, automated file generation and more.

Deluxe also applied this solution internally as "Client Zero", combining Deluxe receivables automation technology with support from IBM Consulting. This enabled both Deluxe and IBM Consulting to understand the product's capabilities and therefore better assist clients in optimizing their receivables processes. On top of existing automation, after only two weeks, Deluxe has reduced the amount of payment reconciliation matching that needed manual intervention by an incremental 30%.

This creates more capacity, frees up professionals' time for higher value work and frees up working capital.