Cash & Liquidity ManagementCash ManagementDeutsche Bank and PayPal Launch Cash Management Solution

Deutsche Bank and PayPal Launch Cash Management Solution

Deutsche Bank has launched an accounts receivable manager (ARM) for SEPA (single euro payments area), a corporate cash management solution designed to help global organisations streamline and simplify the complexities of receivables management.

The bank developed ARM with global electronic commerce (e-commerce) company PayPal to help manage their euro receivables across Europe using a single consistent reconciliation process, while also reducing administrative costs and increasing customer satisfaction.

It describes ARM as a fully-automated payer identification solution that enables auto reconciliation of incoming SEPA credit transfers, while reducing the need to maintain multiple bank accounts for separate lines of businesses.

The solution enables PayPal to use millions of international bank account numbers (IBANs) for its customers, allowing fully-automated payer identification without the need to match existing client data, and improving auto-reconciliation rates for PayPal by up to 100%.

“Every day we receive payments with incomplete or inconsistent payment information, which hampers our ability to automate allocation and reconciliation,” said Katja Lehr, senior manager for global core payments at PayPal. “While some payments can be reconciled through a manual process, others have to be returned.

“Because this is an unacceptable user experience, we connected with Deutsche Bank, a trusted partner we have been working with for many years, to develop the ARM. As a global organisation, it is important to us to have a single solution which works throughout Europe, while also providing the look and feel of a local solution to our users.”

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