Current Situation
Currently, treasurers have to utilize multiple systems to make payments to suppliers and other stake holders. Since, it is not unusual to support dozens of different payment portals, this can be a tedious and inefficient task.
Goals and Objectives
Optimize payment management such that treasurers have more control over when and how they make payments to optimize timing and maximize cashflow/liquidity.
Technology Deployed
ERP, AR, AP, treasury management systems, and capital banking interfaces
Use Case Summary
It refers to adding payment capabilities to TMS and ERP system to maximize treasury control and optimize cashflow.