Payment Factory

Payment processing and execution are vital functions for any organization. Effectively managing these activities can provide greater visibility to cash on hand, reduce fraud, risk and errors, increase operational efficiency, comply with regulations, and help create a more agile organization.

However, not all organizations have the tools, systems and processes in place that can deliver these operational and business efficiencies. With increasing focus on liquidity, corporations are under pressure to manage cash more effectively.

Poor visibility of cash flows can be a problem for corporations who manage their payment processing and bank accounts either regionally, at business-unit level, or at a subsidiary level. Lack of standardization, manual processing and disparate systems not only reduce visibility but also increase transaction costs and risk of fraud. All of this adds complexity and cost to the payment challenge.

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