Banking and connectivity
Corporations use many different types of system to process their payments, from banking portals and ERPs to AP systems and home-grown solutions. With so many systems in the mix, how can CFOs and CIOs have total confidence in the accuracy of their payments processes?
Real-time payments are getting closer to reality. While there are more questions than answers at this point, we have seen this discussion evolve over the past year as innovations such as SWIFT’s GPI, Faster Payments in the U.K. and same-day ACH in the U.S. have all sought to reduce settlement and clearing times to within a day.