Gresham expands processing powers of Clareti ARM

Financial technology group Gresham Computing has upgraded its Account Receivables Management (Clareti ARM) offering. The ‘white label’ technology, which enables banks to offer receivables management services to their corporate customers, can now receive and process remittance advices, whether in email, excel, word or pdf format.

Gresham comments that today’s near real-time movement of funds dramatically increases the speed of credit transfer from one account to another. However, this benefit is soon lost if the underlying transaction settlement infrastructure and remittance processes are not able to keep pace and provide the associated information equally quickly. Clareti ARM combats this challenge through its integration with enterprise document management systems and content management systems, allowing remittances to be both pushed and pulled from these systems for an auditable trail.