Companies and banks are now concentrating on improving the level of straight-through processing in all transactions. One area where this is producing significant results is in the reconciliation of payables and receivables, often one of the few remaining manual processes in shared service centres (SSCs). Citi calls this straight-through reconciliation (STR) and has developed new services and techniques to eliminate these manual processes. These include enhancing payment data and delivering it in a single file to maximize...
