FIS Recognized as a Digital World-Class Vendor by the Hackett Group

Rhea-AI Summary

FIS has been recognized as a Digital World Class™ Vendor for Credit Management by the Hackett Group. Their GETPAID™ solution was praised for its value, efficiency, and customer experience. The solution utilizes AI and machine learning to enhance cash flow optimization and risk analysis.

Key facts

• FIS has been named as a Digital World Class™ Vendor for Credit Management by the Hackett Group.
• FIS’ ranking was based on customer experience, satisfaction, business case, speed to value and process performance metrics.

JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Global financial technology leader FIS^® (NYSE: FIS) has been named as a Digital World Class™ Vendor for Credit Management by the Hackett Group in their Customer-to-Cash (C2C) Receivables Creation Digital World Class Matrix™ research.

The Hackett Group’s research recognized software providers in three separate process categories: credit management, order management and customer billing, with FIS’ GETPAID™ solution cited for delivering exceptional value, efficiency, and customer-experience in C2C receivables in the credit management category.

FIS’ GETPAID™ is a state-of-the-art, fully integrated web-based accounts receivable software solution which helps businesses optimize their cash flow, mitigate risks and bolster efficiencies. The solution leverages machine learning capabilities and artificial intelligence (AI) to create a foundation for continuous improvement in working capital and cash flow, while improving credit and risk analysis at a customer level.

Seamus Smith, Group President, Global Business to Business Payments, FIS said: “Credit management is a key component of the end-to-end C2C process, and with a greater demand than ever before for sustainability and transparency, credit management systems need to be innovative and future-proof to manage these challenges. We’re delighted to have been named as a Digital World Class™ Vendor for Vendor for Credit Management and it’s a rewarding proof point in our mission to advance how the world pays, banks and invests.”

The full Customer-to-Cash (C2C) Receivables Creation Digital World Class Matrix™ report can be downloaded here.

About FIS

FIS is a leading global provider of financial services technology solutions for financial institutions, businesses and developers. We improve the digital transformation of our financial economy, advancing the way the world pays, banks and invests. We provide the confidence made possible when reliability meets innovation, helping our clients run, grow and protect their business. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500® and the Standard & Poor’s 500® Index. FIS is incorporated under the laws of the State of Georgia as Fidelity National Information Services, Inc., and our stock is traded under the trading symbol "FIS" on the New York Stock Exchange. To learn more, visit www.fisglobal.com. Follow FIS on Facebook, LinkedIn and X (@FISGlobal).

View source version on businesswire.com: https://www.businesswire.com/news/home/20240326110783/en/

Kim Snider, 904.438.6278

Senior Vice President

FIS Global Marketing and Communications

kim.snider@fisglobal.com

Source: Fidelity National Information Services

FAQ

What is the significance of FIS being named a Digital World Class™ Vendor for Credit Management?

FIS has been acknowledged for its excellence in credit management by the Hackett Group, emphasizing their value, efficiency, and customer experience.

What is FIS' GETPAID™ solution known for?

FIS' GETPAID™ solution is recognized for its state-of-the-art web-based accounts receivable software that optimizes cash flow, mitigates risks, and enhances efficiencies.

How does FIS' GETPAID™ solution utilize AI and machine learning?

FIS' GETPAID™ leverages AI and machine learning to establish a foundation for continuous improvement in working capital and cash flow, as well as enhancing credit and risk analysis at a customer level.

Who is Seamus Smith and what was his statement regarding FIS' recognition?

Seamus Smith is the Group President, Global Business to Business Payments at FIS. He mentioned that credit management plays a vital role in the C2C process and highlighted the importance of innovative and future-proof credit management systems in addressing sustainability and transparency challenges.

Where can the full Customer-to-Cash (C2C) Receivables Creation Digital World Class Matrix™ report be accessed?

The complete report can be downloaded from the provided link.