HOUSTON (January 3, 2012) -Shaw Systems Associates, Inc. announced that UMB Bank has licensed Shaw’s Asset-Based Lending subsystem for COMMERCIAL.
Accounts Receivable, or Asset-Based, Processing is an optional component of the COMMERCIAL system that UMB has licensed. Accounts Receivable processing takes advantage of a variety of COMMERCIAL functions, including commitment accounting, loan accounting, collateral accounting, and reporting.
UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking, asset management, health spending solutions and related financial services to commercial, institutional and personal customers nationwide. Its banking subsidiaries own and operate banking centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona.