PTX Cash Management and Payments
The simple way for your organization to automate spreadsheets, develop timely cash visibility and greater payments control without the complexity of a TMS implementation.
The complexity of today’s corporate landscape is further fueled by geographic expansion, mergers and acquisitions, evolving compliance requirements, sophisticated payment fraud schemes, and proprietary, bank-specific portals.
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 treasury and payments lifecycle management.
Businesses need innovative solutions to help them improve the management of treasury functions and consolidate domestic and international payment operations, but without extensive back-office reengineering. The ideal solution not only delivers an innovative treasury management solution, but also offers a wide range of payment hub capabilities to automate costly, error-prone, manual processes, and provide extended levels of control, security, compliance, and reporting
of corporations originate payments with six or more banks
of corporates are generating over 10,000 payments every month
of corporations regularly make payments in three or more currencies
The Bottomline Payments and Cash Management (PCM) solution enables organizations to centrally manage and automate the execution and reporting of enterprise-wide payments across multiple banks, accounts, payment systems, networks, office locations, and back-office systems using a single, bank agnostic SaaS solution.
With PCM, organizations initiate and control a wide range of global B2B and B2C payment types including treasury, accounts payable, rebates, payroll, claims, dividends, collections, tax, child support, and more using checks, ACH and wire.
Bottomline Payments and Cash Management offers modules that enable organizations to initiate thousands of payments daily and tailor capabilities to match their business and technology needs.
Support for all types of domestic and international ACH payments, including child support garnishment and tax, through a single interface.
Create, manage, and monitor immediate high-value payments including Fedwire, transfers, international wires, and federal tax.
Facilitate cross-border payments using a variety of global payment types including multicurrency and multi-bank transactions. Supports SWIFT, SEPA, ISO20022, and international EDI standards.
Check Production and Lifecycle Management provides centralized control of print requests and issuance files for checks and official documents printed both centrally and at remote sites.
Balance and Transaction Reporting
Provide visibility of all transactions with real-time reporting of current and prior day’s information. Flexible recurring and ad-hoc reporting enables visibility into all activities.
Integration and configuration:
Streamlined, personalized, and easy-to-configure user setup
Management of multiple bank relationships and complex workflows
Flexible and sophisticated entitlements engine with up to six levels of approval
Easy integration with a variety of back-office environments
Learn how enterprise organizations can centralize payments and cash management to increase efficiency, visibility and control of their cash with WebSeries, our scalable payments and cash management hub.
As corporates seek new ways to effectively address complex global payment and cash management issues, payment hubs offer a comprehensive and flexible solution. This guide examines key areas that a payment hub should address and recommends best practices that can ensure you execute the business process changes required to minimize risk, enhance performance and improve cash management.
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