Automate error-prone manual tasks and streamline payment flows
of corporations state that manual processes are one of their most critical friction points within the accounts receivables process
Overwhelmed by increasing operational costs and exposure to risk, corporate treasury departments are looking to their banks to provide innovative ways to streamline payment and reconciliation tasks. Financial institutions know they must make strategic investments to properly address this immense client need, yet have been slow to react.
OpenText™ Integrated Payments and Reconciliation solutions enable banks to provide their corporate clients a streamlined payment process with increased payment visibility and reduced risk.
Impact business and achieve better results.Read the overview
Streamline time-consuming tasks and reduce error-prone manual processes to lower payment processing costs.
Enable corporate customers to monitor payment status and acknowledgements, provide clients and staff alert notifications, and utilize configurable reporting features.
Automate payments to mitigate inaccuracies and significantly reduce the fraud risk associated with processing paper-based checks.
Eliminate paper-based payment processing limitations with seamless, automated outbound cash flows that deliver improved flexibility and scalability.
The onboarding experience sets the tone for customer relationships. Corporate clients need to quickly onboard new customers and offer new and emerging payment channels. Provide stress-free onboarding with seamless implementation phase progression.
Many banks receive multiple payment files from each corporate customer. The complexity and confusion created can lead to risk and inefficient workflows. Receive one consolidated payment file to streamline and simplify processes.
Navigating the multiple banking portals required to manage different payment types is time-consuming. It can delay payment processing and increase the risk for human error. Utilize a single platform and eliminate unnecessary risk.
OpenText offers a bundled solution that uses personalized communications to boost member engagement:
OpenText Consulting Services combines end-to-end solution implementation with comprehensive technology services to help improve systems.