As corporates seek new ways to effectively address complex global payment and cash management issues, payment factories offer a comprehensive and flexible solution.
A corporate can maximise the benefits of a payment factory by employing best practices in five critical areas:
• Secure controls and standardised processes
• Streamlined global payments
• Robust multi-bank connectivity
• Effective liquidity management and cashflow forecasting
• Preventing fraud and financial crime
Businesses and banks rely on Bottomline for domestic and international payments, effective cash management tools, automated workflows for payment processing and bill review and state of the art fraud detection, behavioral analytics and regulatory compliance.
While consumer payments are ubiquitous and frictionless, business payments can still be obscure and counter-intuitive. The inherent complexities of larger transaction volumes, proliferated ledgers and regulatory oversight have held back B2B payments. But it doesn’t have to be that way. Bottomline exists to delight our customers, by overcoming friction and making the complex, simple.