Treasury Payments
Increase Productivity through automated Treasury Payments. Execute multi-company and multi-currency payments faster, cheaper, and securely.
Automated Treasury Payments. Facilitates automatic initiation of cash management payments.
Manage Ad-hoc Payments. Provides interface to initiate one-time payments from the same platform.
Create pre-approved Templates. Save time by using templates to execute recurring payments.
Cheaper International Payments. Process multi-company and multi-currency payments easily and instantly.
Payment Factory software simplifies FX cross-border payments by consolidating global payment processes and automating workflows. It optimizes currency conversions, reduces errors, and ensures compliance with international regulations. Businesses can save operational costs and enhance accuracy across payment operations.
With Payment Factory software, businesses reduce up to 30% in operational costs by automating payment processes and avoiding costly errors. Its centralized platform ensures real-time tracking, better control, and compliance. This is ideal for managing complex FX transactions and improving payment processing for global enterprises.
Payment factory software supports multi-currency transactions, automating currency conversions and ensuring compliance with local and global regulations. This simplifies FX payment solutions, reduces processing times, and enhances payment accuracy for treasury teams managing international payments.
Businesses benefit from significant reduction in payment processing times, thanks to automated currency handling and real-time validation. The system’s advanced features ensure smooth FX cross-border payments, minimize delays, and improve cash flow management, boosting overall efficiency in treasury operations.
Payment Factory integrates seamlessly with ERP systems, synchronizing data in real time and validating payments. This ensures higher accuracy, eliminates duplicate entries, and streamlines treasury operations. It improves cash forecasting and enhances financial control for enterprises.
With this integration, businesses eliminate manual errors, improving payment accuracy significantly. Treasury systems benefit from seamless workflows, better reconciliation, and timely payments, ensuring more efficient cash flow management. The software optimizes treasury efficiency and reduces workload for finance teams globally.
The real-time payment tracking feature provides instant updates on transaction statuses, offering total cash flow visibility. This empowers treasury teams to monitor outgoing payments and plan liquidity more effectively, optimizing cash reserves and ensuring financial stability.
With enhanced visibility, businesses make informed decisions, improve liquidity management, and prevent cash shortages. The software’s tracking tools simplify reporting, reduce delays, and ensure cash is allocated efficiently across different business units for maximum impact.
The Payment Factory automates payment workflows, significantly reducing manual tasks and associated risks. Automated validations and reconciliations streamline payment processing, cutting error rates and ensuring compliance with global regulations for FX transactions.
Treasury teams experience a 70% reduction in payment errors, enhanced efficiency, and faster processing times. By automating repetitive tasks, the software frees up resources for strategic activities, allowing organizations to focus on growth and innovation while ensuring error-free operations.
HighRadius Treasury Payments is a solution designed to streamline high-value, low-volume, and time-sensitive payments for treasury teams. It centralizes payment initiation, approvals, and tracking on a single platform, eliminating the need to log into multiple bank portals.
Treasury Payments ensures real-time visibility into balances, helps manage bank cutoff times, and provides status tracking for every payment. If a payment fails, users are immediately notified, enabling them to take corrective action promptly.
The Cash Management Initiated Payments feature allows you to execute all treasury payments through a single platform, eliminating the need to log into multiple bank portals. You can automatically initiate payments based on cash management actions, such as funding accounts and pooling balances.
With the Target Balance Checker, treasury teams get a real-time view of bank account balances to confirm sufficient funds are available before initiating payments. It also facilitates transfers to top up accounts if needed.
The FX Payments feature enables you to initiate payments in a currency different from your account currency. The system will automatically handle the FX conversion. For example, you can make a $1000 payment from a GBP account, and the bank will apply the conversion rate and debit the appropriate GBP amount.
HighRadius Treasury Payments stands out by offering:
