Payments

Global payment process standardized and harmonized

Our Payment solution seamlessly integrates all your financial systems into one secure gateway. As a treasury, finance, or IT professional, you want a solution that is easy to manage, and which centralizes all of your group’s payments so as to mitigate the risk of fraud and cybercrime. All ERP, manual, and treasury payments can be managed within our single, easy-to-use solution.​
Payments
Bank Conversions We offer a single API to all your financial systems to manage all the banking formats and banks wherever you do business. We handle all format conversions from banks, ERPs, and other financial systems. We also test all interfaces and payment types. Our solution covers over 200 direct bank connections and formats in over 100 countries. We are experts in this – so you don’t have to be.​
Global Payments

Standardize, harmonize, and centralize your payments process by scaling up to a global payment factory. By centrally managing the payment workflow and straight through processing to banks, you can greatly reduce the risk of fraud while increasing the visibility of your payment flows. ​
SWIFT Connectivity

Our cash management solution, offered as SaaS, is integrated to the SWIFT Alliance Lite2 service. Corporate customers can exchange all needed cash management and trade finance messages through the SWIFT SCORE network.​
Advanced security Centrally manage access to all group bank accounts. With flexible role-based user rights management, you can easily find the right balance to suit your company's needs. Advanced features such as multi-factor authentication, highly configurable separation of duties, blacklisting, duplicate controls, and blocking of suspicious and erroneous payments enable you to have full control and compliance in your payment process.​
Source system-independent solution​

Your source system intricacies do not affect our solution.​ Adding new source systems to our payment factory is easy and simple. Our flexible conversion tool allows transforming payments to the newest formats which enable you​ to use older existing source systems that do not support the newest payment formats.​
Manual payments made easy

We offer user-friendly templates for registering any kind of manual payments anywhere in the world. When all payment flows use a single solution, users no longer need internet bank access. You can also define policies to separate duties and maintain them in a harmonized way.​

Key features

Payments features

Payments consists of the following features and the Platform features

  • Payment fraud prevention - Mitigate the risk of payment fraud by centralizing your user right management and payment processes.
  • Payment process definition from Straight Through Processing up to six persons' approval - You can decide how the different payment batches routed through our solution are handled: your options vary from STP to a six-person approval, and anything in between.
  • Import any material from any source system - For importing purposes, you can use our existing format conversions, or we can create
  • Manual payment with predefined payment templates - With our payment templates, users can easily find and fill in the country-specific information banks require. You can also create your own templates if necessary.​
  • Add postings and attachments to manual payments - You can reduce the time spent handling account statements by adding postings and attachments to manual payments. You can complete the audit trail of manual payments by adding, for example, invoices to your manual payments.
  • Payment material conversion for all bank-specific message implementation guides - When the material is sent to the bank, our solution automatically transforms it to correspond to the bank's message implementation guides.
Platform features Platform features are always included in Payments.
  • Microsoft Azure, Microsoft Gold Cloud Platform​ — Our modern Cash Management platform is hosted in Azure and we have reached the Gold Cloud Platform competency within the Microsoft Partner Network.
  • ISAE 3402 TYPE 2 and SWIFT Certified Application (Cash Management for Corporates and CSP compliance) — Security is a top priority when building and maintaining our Cash Management platform. The ISAE 3402 TYPE 2 and SWIFT CSP certifications are a testament of our high standards.
  • Bank connections with SWIFT Lite2 Business Application (FIN and FileAct)​ — Our platform is the leading Lite 2 Business Application provider. In practice, this means that our customers can connect their BIC address to our platform for sending payments and receiving account statements between all SWIFT SCORE connected banks around the globe. ​
  • Host-to-host bank connectivity with SFTP, EBICS, WebService, and others — By using different protocols, we can offer our customers an extensive portfolio of host-to-host bank connections to their core banks.
  • SOX-compliant user right and master data management — With our advanced user management, you can truly enhance security and benefit from the four-eyes principle. All system events are logged within the application for further inspection.​
  • Single Sign On (SSO) and Multi-factor authentication (MFA) — For increased access security when logging in to the application, end users can be identified with both Single Sign-On and Multi-factor authentication. ​
  • Separation of data and duties — Our detailed user rights management makes it easy and flexible to set up user rights according to your organization's needs. Users can only see the data allowed by their user rights.​
  • Automated integrations (API, SFTP and WebServices) with monitoring​ — The Cash Management platform can integrate with any source system for secure and automatic imports and exports of data.​
  • Dynamic material conversion engine​ — We offer standard file formats but our powerful conversion-as-a-service offering gives you the freedom to connect your source system in any format. This will speed up implementation time and lower the integration costs.​
  • A full audit trail provides transparency​ — All events happening in the platform are logged. The main log is visible in the application for the users to have this right. ​
  • Dashboard functionality​ — Place your essential Liquidity Reports in a Dashboard for a quick access. Build Dashboards based on themes such as Cash Visibility, Forecasting, Forecasting Follow-up, and Working Capital. Balance Tracker gadgets will monitor your statement imports and the Unit Reporting gadget will let you know about the forecasting status of your subsidiaries.​
  • FX-rate imports​ — As a standard, FX-rates from ECB are available in the system. Alternatively, FX-rates from any source (such as your TMS) can be imported. ​
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