Definition: A complete, time-stamped record of all actions taken on a payment, supporting governance and compliance.
Example: An analyst submits a vendor invoice, software checks the amount against internal thresholds and other rules, senior portfolio managers or compliance offers provide dual authorization, and the software transmits the wire, capturing all details of the transaction.
Explore IVP Cash Management
The IVP Cash Management Solution enables a full payment audit trail. This buy-side platform centralizes and automates cash settlements, balance monitoring, and payment workflows across banks, funds, and counterparties. By replacing manual processes with configurable, straight-through automation, it gives firms real-time visibility, stronger controls, and greater confidence in every cash movement.
