PTX Cash Management and Payments
Offer a simple way for your organisation to replace spreadsheets with automation, develop more timely cash visibility and secure greater payments control without the complexity of a TMS implementation.
In 2016, the Association of Corporate Treasurers (ACT) showed a 20% increase in the number of companies targeted by cash management fraud on the previous year.
All commercial organisations are threatened by the prospect of cash management fraud, and multinational businesses are particularly at risk as their operations typically turnover billions of pounds or dollars annually.
Download the Preventing Fraud and Financial Crime Industry Best Practice Guide to discover:
Current challenges to preventing corporate treasury fraud
Industry best practice for tackling internal and external fraud risk
Early warning signs associated with cash management fraud
Next steps on how to prevent corporate treasury fraud
From payment aggregators to distributed ledger and blockchain technology, there are many payment trends and predictions forecasted for 2017. Galvanise your organisation against the backdrop of uncertainty, volatile markets and the introduction of new regulations.
Recent research by Bottomline into the thorny area of late payments shows that 92% of financial decision-makers admit to having paid suppliers late. Sadly, it is not a new trend. If we go back a bit further we see that in 2017, a slow payer ethic emerged as the biggest challenge to getting paid on time. In 2018, the research revealed that a surprising number of financial decision-makers were actively delaying payments as part of their cash management strategy.
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