August 2008

Glenbrook’s Carol Coye Benson recently interviewed Murali Subbarao, CEO of Billeo, about the status of the online bill payment marketplace in the US.

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Glenbrook’s Russ Jones recently met with Ken Myles of NACHA to get an update on NACHA’s Secure Vault Payments initiative. Read on for Russ’ insights and reactions to what he learned.

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Glenbrook’s Carol Coye Benson recently interviewed Stephanie Sturgis-Griffin, the newly named CEO of Pariter Solutions, a Wells Fargo and Bank of America joint venture for ACH processing. The company, according to the press release announcing it last May, will be “the country’s largest processor of ACH payments”. Read on for Carol’s full report.

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On Friday, NACHA announced a six month extension of the deadline for International ACH Transactions (IAT) from March 2009 to September 2009. Many smaller banks were caught by surprise by the changes necessary to support IAT. Although software vendors are prepared to make the necessary changes available in upcoming releases and many banks outsource their […]

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Most of the posts I read and reference in my professional blog are written by men (I don't know why, since banking, finance, and payments aren't lacking talented women). My neglected personal blog is equally lacking when it comes to referencing blogs written by women. Sadly, my RSS reader is too. But not for long… […]

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Attention Excel users! A couple related articles from CFO.com on spreadsheet worst practices and how to fix them. The first article generated so many emails that they published a follow up with even more tips. Spreadsheet "Worst Practices" Here's how finance executives abuse the most-useful of computer programs — and how to do better. Shahid […]

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CFO.com interviews Ben Heineman, author of High Performance with High Integrity: According to CFO.com: Ben Heineman got an eyeful of the C-suite during his 18 years as general counsel for General Electric Co. until his retirement in 2005. A book by Heineman published in June, High Performance with High Integrity, argues that a chief financial […]

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Companies of all sizes – but especially large, multi-unit organizations that have grown through acquisition and have a spaghetti of accounting and finance systems – struggle to close their books in a timely manner each month, quarter, and year. Even those that do a good job each period, struggle to maintain control over the close […]

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Over at BankerVision, James Gardner, heads toward blasphemous territory when he suggests that in some cases, paper based manual processing may make more sense and cost less than grappling with IT complexity. IT systems are now so expensive we are at an inflection point. The point where doing things manually is more economically efficient for […]

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Check out Bussiness Pundit's list of the 25 Best Business Books Ever with convenient links to Amazon.com for those you haven't already read. They asked themselves: Based on prominent reviews, academic use, and popularity, which business books would be considered “classics?” Of those, which are the best? There aren't many surprises, and I am glad […]

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My work often involves bridging gaps, resolving misunderstandings, and fostering collaboration between the finance department and other parts of large, complex organizations. So I was intrigued by this recent research from HBS on " interaction patterns in modern, complex, multiunit firms." Key findings: Communication is heavily constrained by formal organizational structure: the vast majority of […]

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How do you handled "stranded" payments? Those received at the corporate headquarters rather than mailed to a lockbox, handed over in person to sales representatives or over the counter, and other errant checks? Over at the TAWPI blog Mark Brousseau talks to Sam Globack of WAUSAU about new developments in lockbox and remittance processing that […]

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Food for thought from today's NYTimes biz section: After spending decades growing and merging themselves into their behemoth proportions, big businesses are rediscovering the charms — and the innovative side effects — of thinking small. By breaking huge business units into smaller, nimbler teams, companies stand a chance of rekindling the creative spark that got […]

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