ABN Amro Bank is to launch a suite of B2B electronic bill presentment and payment services for corporate billers, business payors and e-marketplace clients.
The bank says the service will combine B2B invoicing functionality with international settlement tailored to the needs of global corporations. Designed to accommodate variable invoicing and regulatory requirements, the total package also features a real-time, interactive approach to dispute resolution and multiple payment options says the bank.
The solution has been put together in association with two 'best-of-breed' e-bill companies - Derivion and BillingZone. Derivion offers B2B bill presentment, adjudication and payment processes. BillingZone, a joint venture between US-based PNC Bank and Perot Systems, brings a core competency in bill aggregation and management for payors, considered a key component in driving payor adoption.
The partnerships with Derivion and BillingZone are non-exclusive. Future phases, and potentially new alliances, will expand and keep pace with dynamically changing business models, says the bank.
"Enlisting partners and providing (globally) integrated technology is an important step in the Bank's vision to provide solutions in the US and abroad that enhance clients' working capital," says Stephen Skrobala, Amsterdam-based vice president of ABN Amro's accounts payable and accounts receivable services.
ABN Amro plans a US pilot roll out in first quarter, 2001 with a global roll out in the third quarter.