Payment Factory 2.0: Corporate Transaction Banking

Promo - Alcatel

With increasing attention being paid to the topic of liquidity, corporations are under ever more pressure to devise ways to manage their cash more effectively. Many corporations today are managing their payments processing and bank accounts in one of three ways— regionally, at the business unit level or at the subsidiary level. While these methods may offer a certain degree of flexibility, at the same time they often result in poor visibility and high operational costs as well as potential for fraud-related risk.

Additionally, emerging regulatory frameworks, such as Single Euro Payments Area (SEPA) and Sarbanes-Oxley, pressure corporations to re-think the payments and cash management processes. A Payment Factory helps multinational organizations to realize company-wide centralization of payment processing connectivity with local subsidiaries; allowing payment capture and processing, account statement retrieval, and reconciliation within a single centralized solution.

Features:

  • Interface with multiple back-office systems
  • Highly customizable workflows
  • Manage multiple formats and protocols
  • Process bulk and urgent payments
  • Sophisticated treatment of roles and responsibilities
  • SWIFT certified

Benefits:

  • Eliminate manual processing
  • Reduce transactional costs
  • Harmonize and optimize payment flows
  • Adhere to compliance mandates and minimize fraud
  • SEPA readiness

EcoSystem Connectivity:
AvantGard offers a range of options for payment execution including SWIFTNet Connectivity, PayNetExchange, Direct to Bank, and Check Printing Services.

Video Presentations

SWIFT Ready Application for Corporates Cash Management 2011 SWIFT Ready Application for Corporates Treasury 2011
Learn more about SWIFTReady certification programmes.