Centralise payments to optimise cash and working capital, and avoid fraud
Do you have multiple payment systems, connect to multiple banks, countries, currencies, vendors and have multiple users that approve?
The Kyriba payments module
The Kyriba Payments module provides companies with a single platform, as a plug and play, that have built-in bank connectivity, format transformation, standard workflows with real-time fraud detection.
Setting up a central payments hub has never been easier or more cost-effective with TreasuryONE as your implementation and technology solution partner. A payments hub consolidates payment streams from ERPs, finance, treasury, legal, capital markets and decentralised teams, transforming disaggregated processes into a single source of record for all outgoing payments.
TreasuryONE procure to pay solution
By combining Robotic Process Automation technology with the Kyriba Corporate Payment Hub the TreasuryONE procure to pay solution provides the following benefits:
-
- Accelerates payments and bank connectivity projects
- Provides the finance team with payment bank flexibility
- Digitises corporate payment policies
- 80% straight-through processing of invoices using RPA
- Reduces fraud and risks in the payment cycle
- Saves costs
How Payment Factory can be beneficial to your business?
Real-time Screening and Fraud Detection
Adding a line of defence against unauthorised payments by allowing users to set pre-defined detection rules to screen for suspicious payments requiring further attention.
For example. Changes to a payment that was imported from an ERP, First payment to a new (or newly updated) bank account, Payments inconsistent with the amounts or dates of the payment history.
Payment Workflows and Controls
Ensuring that manual payments activities align with the organisation’s payment policy and standardised payment controls
Payment Workflows and Controls
Ensuring that manual payments activities align with the organisation’s payment policy and standardised payment controls
Integrated Global Bank Connectivity
Delivering out-of-the-box, host-to-host and regional network bank interfaces alongside an embedded SWIFT service bureau with Pre-built format library to meet the needs of every global bank, which require thousands of format variations
Data Visualisation and Business Intelligence
Complete reporting and dashboards to arm finance and treasury with analytics for all global payments with two-way communication to include the receipt of payment acknowledgements, payment tracking, and bank statement reporting for status reporting and payment visibility
Data Visualisation and Business Intelligence
Complete reporting and dashboards to arm finance and treasury with analytics for all global payments with two-way communication to include the receipt of payment acknowledgements, payment tracking, and bank statement reporting for status reporting and payment visibility
Some of our valuable clients
White paper and case studies
