Truist Financial Corporation unveiled a new integrated receivables platform designed to help commercial and corporate clients streamline receivables and improve cash visibility. Leveraging artificial intelligence and machine learning, the solution matches payments to invoices across checks and electronic rails, unifies payment and remittance data, and accelerates cash application activity.

By centralizing receivables and harnessing real-time automation, the platform reduces manual work and exceptions, strengthens fraud controls, and accelerates posting. Built for simplicity, speed, and safety, it integrates seamlessly with existing systems, enabling clients to scale workflows as their needs evolve.

“Our new integrated receivables solution reflects Truist’s purpose-driven commitment to solving real client challenges,” said Chris Ward, Head of Enterprise Payments at Truist. “AI and automation bring simplicity, speed, safety, and smarter experiences — reinforcing why clients choose Truist as we transform how money moves.”

Addressing Industry Pain Points

The launch comes as finance leaders continue to report costly friction in receivables:

• 45% of CFOs cite invoice errors as a major source of payment disruptions and cashflow uncertainty.

• 70% of corporate treasurers struggle with delays in receivables collection and reconciliation.

• Remittance processing consumes an average of 6.3% of the total amount paid, eroding margins and delaying decisions.

Truist’s integrated receivables platform directly addresses these challenges by unifying payments, remittance data, and reconciliation in one solution. The innovation underscores Truist’s commitment to practical payments modernization that reduces complexity and delivers measurable value.