A key issue facing all corporations is the ever increasing number of payments needing to be made each month. Although all companies operate an ERP or accounts payable system, the manual processing of these payments through the banking system invariably leads to high levels of labour intensive activity and their associated costs.
In addition, the control of liquidity is now the leading concern for all treasury departments, requiring instant access to the details of all outgoing payments being made by each department and company.
The routing of all corporate outgoing payments through the system enables instant access to the current cash requirements of each company and department, facilitating the process of liquidity management.
This ensures that suitable liquidity provisions can be instigated before the payments are released to the bank for processing.
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Architectural overview of aplonCASH.
