Achieve Cost-efficiency, Central Transparency and Security for Your Global Outbound Payment Transactions
B2B payments differ from one country to another: credit transfer, direct debit, and paper checks are the traditional methods widely used today. New payment methods offered, for example, by third party payment service providers (PSP) such as PayPal or Instant Payments are increasingly making inroads into corporate payments.
Whichever way we chose to make payments, the concerns remain largely the same: How do I prevent fraud and money laundering and ensure secure payments? How do I keep central control over company-wide cash flows? What is the most cost-efficient way for managing my payments globally? Which restrictions do I have to consider and which regulations do I have to comply with?
Typical Pain Points in Managing Payment Transactions
- Complexities of corporate structures with many decentralized systems hampering standardized processes and central control over payment transactions
- Diverse payment requirements that must be coordinated across multiple banks, in different formats and currencies, according to different regulations
- Multiple bank communication tools that cause high maintenance, different log-in mechanism and make central monitoring of payments difficult
- Increasing fraud attempts, including cybercrime, phishing, CFO fraud or internal manipulations, can cause significant losses
- Increasing international regulations and restrictions to prevent money laundering and funding of counterterrorism
- Inefficiency and risk of errors due to manual tasks
Modernize Your Payments with Serrala
By centralizing payment transactions you can significantly increase process efficiency and enhance global visibility over your company’s cash. No matter how straight-forward or complex your corporate system landscape is, our solutions can be adapted to your individual payment ecosystem.
With standardized and automated processes we help you to make your payment processes highly secure and compliant with international regulations – at all times.
For bank connection, we chose to implement SWIFT Alliance Lite and to connect this to SAP via Serrala’s payment solution. The in-house working capital agreements are made on a standardized format at ‘arm’s length’, using an external benchmark interest rate. We implemented the payment factory by piloting three companies and then rolled out in additional countries as and when we required.
then Corporate Treasurer at Heerema Marine Contractors
Future-Proof Technology — Flexible and Scalable!
As technology follows business needs, we offer different deployment options depending on the solutions you require and the systems you run – be it on-premise, cloud or a hybrid approach.
Multiple ERP Systems
The suite enables companies to unify and standardize procedures across multiple, fragmented enterprise systems.
In constantly changing markets we support you with managed services to make you more agile and flexible in your business.
Whitepaper: POBO and COBO
The Benefits and Challenges of Centralizing Payments and Collections
Payments-on-behalf (POBO) and collections-on-behalf (COBO) are the goal of every ambitious payment and collection factory project.
Success Story: Heerema Marine Contractors
In-house bank, payment factory and payments on-behalf-of deliver impressive results.Adam Smith
Awards - Best AP Solution Winner
Payment Management Brochure
Achieve Cost Efficiency, Central Transparency and Security for Your Global Outbound Payment Transactions