Cover your short-term financing needs and eliminate the situation where one subsidiary is forced to use its account credit limits while another subsidiary has surplus cash in its account. This diminishes the need for lending altogether, as the net sum of the whole group can be used for payments and investments.
Organizations often work with separate processes in different subsidiaries and separate banks which increases the banking costs. It also decreases transparency and the possibilities for internal payments and financing.
The end result is a tedious month-end closing process that can be reduced with an In-House bank from three days to three hours in some cases.
Payment Factory centralizes most of NCC's supplier payments into one process. NCC saves time and money, has more control over cash flows, and avoids manual work.