As you can see, options are aplenty here, but why are we beginning to see a push towards single settlement platforms for these various forms of payments? Read More
The payment and settlement process is an area that every manager should treat with extreme care as a simple mistake can cost firms a fortune. With the use of manual processes and controls, firms are far more susceptible to error, however; there are several measures that have garnered popularity and traction over the years that firms can implement to help avoid this risk, which we’ve outlined below: Read More
Traditionally comprised of rather standard activities, the risks associated with the cash management process have grown exponentially over the years as firms continue to deal in high value transactions. Without the proper technology in place, many are forced to rely on the accuracy of esoteric manual functions, mainly within the wire approval process where a simple mistake can lead firms down a path of lawsuits and hefty fines. Read More
Workflows are the heart and soul of the payment and settlement process. This is an area where users prefer to have more control and flexibility due to the risks involved in making an error that may result in a negative impact on the firm. With an application that provides both flexibility and control, users are given access to a perfect platform to set up secure workflows and processes through the below best practices and capabilities:
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