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• Receivables
• Treasury
• Payments
  • Payment Factory
  • SEPA Converter
  • Treasury Messaging
  • Bank Account Consolidation
  • Transformations/Conversions
  • Vendor Management
  • Direct Debit Factory
  • Reporting & Tracking
  • SWIFTNet Connectivity
  • PayNetExchange
  • Bank Connectivity
  • Check Printing
  • Print & Mail Services
  • Check Printing Services
• Business Workflow
• Ecosystem Connectivity
• Specialized Solutions
• Products

Payments Reporting & Tracking

Effective management of cash requires tight controls around payment out-flows.  With a comprehensive reporting and tracking solution as part of payments processing, corporations can obtain a more accurate cash position. For instance, if a payment has been rejected or changed by the bank for missed cut-off time, it is important to update the cash position accordingly, the next day’s Account Statement is too late for adjusting your current funding requirements.

Using AvantGard Payments corporations can consolidate all cash-flows and centralize payment processing for improved visibility to cash such as the ability to view payments processed by each bank by currency and by date. In addition AvantGard Payments provides bank connectivity for treasury messaging such as Account Statements.

Centralizing account statements can provide valuable reports for Account Balances and Transaction movements.  Transaction status tracking is a key element of payment processing; helping to reduce the time to handle queries releasing valuable treasury resources to spend time on ‘value added’ tasks.

Status reporting from the processing banks can be received and reconciled to the corresponding payment. The payment is updated with the negative or positive message and visualized in the business process workflows. The drill-down feature allows end-users to easily view the payment from the status message or view the status message from the payment itself.

Features:

• Status Feedback Messages
• Email Notifications for Exceptions
• Reporting Framework for External Applications
• Interfaces with Business Intelligence tools for Sophisticated Reporting
• Automatically Schedule Reports

Benefits:

• Full Transaction Monitoring & Audit Trail
• Configure Reports & Filters to Meet Unique Requirements
• Ability to Report on all Cash-flows and Account Balances
• Quicker Exception Processing
• Ability to Update Cash Position based on Status Report

EcoSystem Connectivity:
AvantGard Payments helps corporations connect the dots between various back-office systems, subsidiaries and payment execution methods such as SWIFTNet, ACH, Wires and check printing.