Managing Collections

Collections are not only strategic, they can also create value thanks to smart processes and innovative responses.
The strategic management of accounts receivable - especially in uncertain economic times - plays a critical role in a company’s short-term survival and its long-term success. Actually, with sales down and operating expenses up, it is likely that the only area that offers any potential for capturing incremental value or profit is in the middle space between the price of a sale and the gross profit. Interested or simply curious? Read on.

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Virtual Account Numbers
Virtual Account Numbers is an easy-to-implement solution to boost your collection efficiency, with an immediate impact on your performance and organisation.
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Collections
- Collect your receivables everywhere you are present: benefit from a worldwide footprint but with local depth expertise.
- Have access to the local channels and formats.
- Fasten your collection process with advisory and automated reconciliation solutions.
- Collect in diverse collection instruments and allow your clients to pay you in standard but also local means of payments.
- Collect everywhere, even if you don’t have a local presence.
- Improve your visibility and cash forecasting with global e-banking tools and centralised processes.
- Manage and optimise your costs and risks.
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Instanea
lnstanea is our Instant Payment acceptance solution for our Corporate customers, looking to offer a new payment mean to their clients, through a powerful combination of payment initiation through PSD2 APls and SEPA Instant Payment for Account to Account (A2A) payments. By sending a payment link to the customer, the merchant is in control of the remittance information
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SEPA Request-to-Pay
Increasing the automatic reconciliation rate of receivables is a crucial business efficiency issue. Thanks to SRTP, you can gain more control over your collection process..
SRTP is a real-timemessagingfunctionality, to facilitate a frictionless payment process between biller and payer, giving the SRTP initiator a convenientway of sending a payment request, the ability to track the process in real-time and obtain payment acceptance confirmation, and to improve reconciliationby beingin control of the remittance information.
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SEPA Direct Debit
SEPA Direct Debit is the solution for your collections in Europe and beyond. With a geographic scope of 34
countries and a standardised processing across the SEPA area it is the foundation of any collections setup. Since
its creation BNP Paribas is the largest processor of SEPA Direct Debits through robust processing and
application of best practices.
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SDD Replay
SEPA Direct Debit is the payment instrument for your collections within the large geographic scope of the SEPA zone.
Thanks to its ease of use and efficiency, it is used to provide improve the collection process at creditor side, but also to
provide a frictionless method for the debtor. BNP Paribas’ SDD Representation of Unpaid transactions service brings the
next level of efficiency to SEPA Direct Debits.
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EasyCollect
In order to ease the management of your SEPA Direct Debits, BNP Paribas can provide you with the EasyCollect solution, a complete platform from electronic signature to mandate and SDD management.
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Serrala CashApp
Finance professionals face daily challenges with Accounts Receivables (A/R), because payments are received using various instruments, remittance information enters in irregular forms or miss details. These elements result in a lower straight-through-reconciliation rate and laborious manual exception handlings.
BNP Paribas and Serrala join forces to accelerate and automate cash application by implementing Artificial Intelligence (AI) and machine learning, delivering up to 98% touchless reconciliation.
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