Microsoft Makes Moves to Streamline Corporate Payments
Software giant Microsoft has announced its intention to participate in the RosettaNet Payment Milestone Program, an initiative designed to drive the automation of payments from RosettaNet business processes. Microsoft also announced the launch of its RosettaNet Payments Toolkit, a software solution that will support the initiative and provide financial institutions and their corporate customers with an efficient way of automating the payment process for supply chain transactions. The toolkit, which forms part of the Microsoft BizTalk Accelerator for SWIFT, aims to provide a cost-effective way for banks and corporations to integrate the payment process quickly and easily into existing information technology systems. RosettaNet was established by a number of high tech companies as a means of automating payment and collection processing.