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.
45% of corporates generating over 10,000 payments every month.
BrochureWebSeries® A Global Payments & Cash Management Hub
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.
White Paper5 Best Practices for Improving Payments and Cash Management
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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