According to Strategic Treasurer, 34% of corporations originate payments with six or more banks and 56% regularly make payments in three or more currencies.

The complexity of today’s corporate payments landscape is further fueled by geographic expansion, mergers, and acquisitions, evolving compliance requirements, sophisticated payment fraud schemes, and proprietary, bank-specific portals. These issues are magnified by the sheer volume of payments with 45% of corporates generating over 10,000 payments every month.

These complexities make it critical to automate the financial activities required by successful enterprises. Financial organizations face a myriad of challenges, but none more important than maximizing the efficiency of the payment and cash management processes. Centralized solutions like those offered within Bottomline's Payments and Cash Management can help streamline payments with an enterprise-wide payment center.

Why it matters?

45% of corporates generating over 10,000 payments every month.

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