The intelligent processing core is unique to Albany ePAY. It actively works with the contents of the data flow to recommend optimum payment methods, notify of any account changes, reconcile updated data back to the core application and warn or stop any payment outside of preset limits.
Fully scalable to suit all business sizes from small to enterprise, Albany ePAY has multiple inputs and multiple outputs. This allows the management of all payment methods within one solution including Bacs, Faster Payments, European Payments and any others the organisation wishes to add such as SEPA. It seamlessly integrates with all ERPs, core accounting solutions and both local and global banking and clearing systems. By harnessing the existing corporate financial environment, it requires minimum infrastructure investment.
Adrian Stafford-Jones, managing director of Albany Software, comments, âAlbany ePAY is set to lead the way for the next generation of payment solutions. Traditional financial applications simply provide a gateway between the outside world and the internal, back office systems. Albany ePAYâs intelligent solution takes this concept to a new level and makes recommendations to the user of the most logical, streamlined payment process possible.â He continues, âThe key to its success is comprehensive management control and the reconciliation element which keeps disparate systems in line and enables integrated document delivery alongside the payment itself.â
This innovative new payments solution from Albany Software offers many tangible benefits for businesses. As Stafford-Jones explains, âBy placing intelligent processing within the payments mechanism itself, Albany ePAY keeps a tighter rein on limits, addresses minor and major deficiencies within core accounting solutions and brings control into the hands of the Finance Director at the time of processing.â He concludes, âErrors caused by unapplied data are minimised, transaction costs reduced as much as possible and all data is automatically reconciled in the back office.â