Embed Size (px)
Citation preview
3
Seven Reasons for Change in Finance and TreasuryBuilding a Business Case for Corporate-to-Bank Integration
wwwaccesspaycom
2
wwwaccesspaycom
Introduction
As we dive deeper into the 21st Century it is becoming ever clearer that ours is truly a technological age Digitalisation and automation are beginning to free humanity from tasks that were once manual and labour-intensive Though the pervasiveness of these solutions is yet to touch upon every job role in the same way some are being completely transformed
Finance and treasury professionals are amongst those whose job roles are on the cusp of becoming transformed Amid the technologies driving this transformation are Corporate-to-Bank Integration platforms
We are exploring the scale of functionality these platforms bestow to treasurers the pain-points they eliminate the productivity they stimulate how they boost security improve decision-making and the sheer amount of time they return to the professional so that they might pursue real value-adding activities
Corporate-to-Bank Integration platforms are not a ldquoluxuryrdquo technology nor are they a novelty They represent a new dawn for financial management and a future where this management can be acquired with such sophistication that they have the potential to not only transform job roles but the long-term outlook for entire organisations
3
wwwaccesspaycom
ContentsIntroduction 02
The changing role of the Treasurer 04
Treasury insights 05
The triggers for change 07
SEVEN identifiable reasons for change 08
1 Consolidation Expanding Banking Relationships 09
2 ERP-to-Bank Integration 10
3 Finance amp Treasury Reporting 11
4 Finance amp Treasury System Consolidation 12
5 Multi-bank Visibility 13
6 Payments Automation 14
7 Security Across Finance Operations 15
Why Corporate-to-Bank Integration is key for your organisation 16
4
The changing role of the Treasurer
The job of a treasurer isnrsquot easy At a basic level you could describe the position of a treasurer as being responsible for corporate liquidity investments and risk management of an organisationrsquos financial activities However those umbrella terms conceal what can feel like an endless list of remits each gilded with their own unique pressures
And the scope of Treasury continues to expand Many professionals now view Treasury as a ldquovalue-adding service centrerdquo gaining far more prominence as a function than it has in previous years
Boards are placing more and more emphasis on treasury leaders to deliver insight and performance with a specific focus on the corporate strategy technology and automation
A typical working week for an enterprise treasurer can involve forecasting cashflow positions analysing related borrowing needs and identifying and releasing funds available for investment to meet ongoing operational and capital investment requirements And thatrsquos before the first coffee break of the morning
They use hedging to mitigate financial risks related to the interest rates on their organisationrsquos borrowings as well as on its foreign exchange positions They maintain banking and credit rating agency relationships arrange for equity financing and debt financing invest in various funds and oversee the extension of credit to customers After which time they might be able to contemplate lunch
One could be forgiven for thinking that this covers the bulk of responsibilities Sadly not
Treasurers must still monitor the activities of third parties handling outsourced treasury functions on behalf of the organisation advise management on the liquidity aspects of its short- and long-range planning and maintain a system of policies and procedures that impose an adequate level of control over treasury activities
Though the role is and always will be a demanding one technological advancements are providing solutions that consolidate automate and accelerate key treasury functions and therersquos a compelling argument that the time for them to be adopted is now
PWC 2019 Global Treasury Benchmarking Survey
Business of Treasury Survey 2019
wwwaccesspaycom
5
Treasury insights
UK businesses currently have access to a market-leading payments architecture The envy of the world it has been copied by numerous nations to improve their own payment structures
7 out of the top 10 treasury business challenges can be supported by fintech
AUTOMATION75 of treasurers say their
organisations are automating treasury functions to some
extent Its biggest impact will be the accuracy of information
managing cashflow across complex global operations and
effective risk management
FORECASTING 61 of treasurers
see a role for artificial intelligence in supporting
exposure forecasting
ACCESS TO DATA85 of treasurers cite lsquoquality
of financial and business data for strategic planning and decision makingrsquo as a
major internal concern
The top ten professional and business challenges for treasurers
wwwaccesspaycom
15
15
14
11
11
11
10
10
10
75 6185
9
RecruitmentstaffingHRworkload
Financial market volatility
Regulationcompliance
Liquidity management
Brexit
Geopolitical risks (none Brexit)
Forecastinglandscapingcash flow management
Automationtechnology
Risk Management
Funding availability
6
wwwaccesspaycom
In summary treasury teams are willing to use digital tools to their advantage They are recognising that technological advancements can be leveraged such as artificial intelligence robotic process automation (RPA) and data analytics to conduct critical tasks make decisions and reduce risk
CYBERSECURITY20 of treasurers
are extremely concerned about tech impact
on jobs and cybersecurity
FRAUD55 of treasurers
indicate they have an oversight role for
payment fraud risk in their organisation
20 55 They also know that technological affinity and business partnering with relevant FinTech and FinServe partners is key to helping resource and redefine existing roles with digitalisation playing a key part in this changersquo
Risk management
0 10050 7525
Capital and liquidity management
Corporate strategy
Treasury operations and controls
Technology including Automation (2019)
Pension management
Other
Topics reported to the board in past six months
Sources
PWC 2019 Global Treasury Benchmarking Survey
Business of Treasury Survey 2019
7
wwwaccesspaycom
The triggers for changeLinked to the growing role of treasury as a strategic business function and the increasing responsibility sitting across the team the point at which an organisation concedes its incumbent treasury processes require change depends on various factors
Typical triggers can include impending mergers and acquisitions significant changes to business process ERP implementation and upgrades and growth phases that intensify the range and level of responsibility with the evolving team
Compelling event
Nature of the challenge
Transformation projects
Support the changing needs and strategies
of the business enabling the finance and treasury function to support and create value
improve core processes and manage ongoing performance
Mergers and acquisitions
Migrating to a common set of systems across a new enterprise or figuring out
how to integrate different disparate and legacy systems post-deal
ERP implementation and upgrade
Installing new software moving financial
data configuring users and processes and training your users on the software
Banking relationship consolidation
Rationalisation of multiple
relationships enhancing control minimising risk and freeing up capital
Business expansion
Planned and carefully managed expansion versus sudden and involuntary expansion
pressurising people and systems
Business process change
Support business efficiencies by
cutting excess reducing costs and sharpening management Measured
using profitabilityROI
8
SEVEN identifiable reasons for change
For those treasurers and finance professionals within organisations who have thus far resisted taking the step towards digital financial transformation with deep bank integration allow us to present AccessPayrsquos top seven reasons for change
wwwaccesspaycom
Finance amp Treasury Reporting03
Finance amp Treasury System Consolidation04
Multi-bank Visibility05
Payments Automation06
ERP-to-Bank Integration02
Security Across Finance Operations07
Consolidation Expanding Banking Relationships 01
9
Ready to learn more
wwwaccesspaycom
Learn about AccessPayrsquos integrated solution for consolidating and expanding banking relationships
1 Consolidation Expanding Banking Relationships
Those tasked with managing an organisationrsquos banking environment are in an unenviable position Each bank has its own standards for payment files and their own file formats for financial messaging and statements This complexity is compounded further by the corporationrsquos own disjointed back-office infrastructures where payment file processing and approvals reconciliation and forecasting often take place
By consolidating and integrating bank account visibility and functionality with the corporate back-office infrastructure treasurers become freshly armed with a whole inventory of new value-adding capabilities They can quickly transform bank files orchestrate payments and cash management workflow between individual banks and back-office systems in one central platform and significantly reduce the manual dependency and risks associated with multi-bank finance and treasury operations
With little or often no IT development required file formats can be mapped from any bank and transformed into a data output format that can be consumed by their ERP TMS or back-office system They can then identify risks and fraudulent activity across the banking network with all files and transactions going through one platform
Without clear integration between banks and back-office systems finance and treasury teams are often forced to work within complex spreadsheets to manage daily positioning deliver forecasts and reconcile statements versus ledgers Teams with integration have reported time savings of over 80 and delivering mission-critical insights on cash and liquidity faster Adding additional banks or removing banks from the operating model is standardised via industry-leading platforms ensuring minimum disruption to teams and internal resources
LEARNMORELEARNMORE
10
LEARNMORE
Ready to learn more
wwwaccesspaycom
Learn about AccessPayrsquos integrated solution for complex ERP-to-Bank integration
2 ERP-to-Bank Integration
Designed to support a variety of business processes ERP systems are used by finance and treasury functions for accounts payable and accounts receivable for processing payroll and treasury payments for reconciliation as well as for monitoring predicting and managing cash across multiple locations and legal entities The primary purpose of an ERP system is to automate all of this allowing the treasurer to concentrate on driving growth for their organisation
However what good is an ERP system if itrsquos not integrated into your TMS CRM Accounting or Payroll system and more importantly connected to all your banks The task of having to manually upload data from multiple sources remains thereby defeating the purpose of having an ERP system in the first place ERP-to-Bank Integration is critical to achieving the automation which removes the need for these manual uploads
ERP and back-office to bank integration enables organisations to automate manual processes such as data entry and reconciliation Not only does this increase data accuracy and provide better insight but it also allows treasurers to reduce dependency on the internal workforce and manual coordination of efforts enabling a diversion of focus towards analysis and value-adding activity By integrating the ERP or back-office system with the organisationrsquos banks treasurers can also feed accounts payable and receivable data into the Corporate-to-Bank Integration platform and combine these with bank statement data generating meaningful reports for the organisation
A primary pain-point of not having access to an integrated process is that treasurers are forced to deal with varying file formats With each system requiring a different file import and the different banks releasing different types of file treasurers become burdened with the onerous task of navigating through this maze and charging IT teams with transforming data into legible files for upload
With the right Corporate-to-Bank Integration platform treasurers can end all of this by mapping any file format from any bank and transforming data output into a format that can be consumed by the ERP or back-office system With minimal or no IT development required dependency on IT teams is minimised as all transformation is completed by the file agnostic platform
11
Ready to learn more LEARNMORE
wwwaccesspaycomwwwaccesspaycom
3 Finance amp Treasury Reporting
The bedrock upon which any organisation can achieve growth objectives and invest in those areas deemed most important is effective cash management Manually reconciling finance and treasury reporting wastes precious time and canrsquot always be relied on to expose a truly accurate financial picture This is especially true when high-transaction volumes multiple bank accounts and various file formats are added to a melee that spans different time zones and geographically disparate teams
Using real-time data aggregated from bank accounts and transaction data finance and treasury reporting solutions act as a single source of truth for all treasury information Bespoke dashboards allow for analysis of cash liquidity and risk exposure across multiple countries currencies and legal entities delivering insight in real-time With enriched data and automated reports critical information is available when needed in the format needed allowing treasurers to make more informed decisions
Moving to automated processes across systems also reduces operational dependencies by scheduling and automating the retrieval of bank statements transaction data and custom and pre-built reports ndash all of which can be made available in readable and consumable format for you to glean more information out of and scrutinise Automating reconciliation facilitates the transformation of bank data from various formats making it easier to consume in ERP TMS and back-office systems whilst integration between banks and back office systems means better more accurate data for business planning with less chance of error
By removing human intervention internal and external compliance is improved and security risks are further reduced Data integrity is also maintained by managing access on-demand thereby ensuring data cannot be manipulated
When combined these functionalities mean finance and treasury teams are armed with the insights needed to sharpen decision making and invest more time on data analysis to help drive growth and value creation
Learn about AccessPayrsquos integrated solution for finance and treasury reporting
LEARNMORE
Ready to learn more
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for finance and treasury systems consolidation
4 Finance amp Treasury System Consolidation
Compounding the complexity of a treasurerrsquos role is maintaining visibility and control over disparate on-premise finance and treasury systems each with their own workflows and custom integrations to payment schemes and banks Itrsquos a plate-spinning act where should one drop itrsquos not porcelain that is damaged but potentially an organisationrsquos financial position
Consolidating these systems into an integration platform with connectors to multiple banks schemes and applications organisations can visualise payments and cash management workflows between back-office systems and banks in one place At any time they can also edit add or remove workflows in line with the demands of the organisation
By centralising access to all banks via one platform with one set of login credentials treasurers create role-based profiles and workflow and approval rules by functional purpose ensuring access is granted to users with the right level of authority Ideal for organisations with multiple subsidiaries Furthermore treasurers can enable secure file transfer between ERP Treasury Management System Payroll System or CRM with data encrypted in transit whilst maintaining an audit trail of all user actions across the finance and treasury operating model New banks are quickly added easily monitored and access managed through one centrally controlled platform with audit reports provided on all user actions for all payment processes
Connecting cloud ERP systems to payment schemes minimises manual payment processing and the associated risks Statement data is easily consumed from across the organisationrsquos
banking network and routes directly into the ERP or TMS for automated reconciliation By quickly and easily adding scheme bank and message rail connectors into the Corporate-to-Bank Integration platform the need for multiple applications for multiple payment schemes or rails is eliminated
Organisations that take the step to invest in ERP and Treasury Management Systems often do so as a result of significant business transformation and systems consolidation programmes In many such instances integrations with banks or schemes to achieve a truly streamlined and controlled finance operating model require custom file mapping and system development Choosing the right integration platform negates this requirement by enabling access to a suite of bank and scheme connectors that standardise data consumption for all systems in use across the organisation
12
Ready to learn more LEARNMORE
wwwaccesspaycom
5 Multi-bank Visibility
Itrsquos standard practice for organisations to possess multiple bank accounts It makes sound business sense but it also adds a range of complexities to an already difficult role The multi-bank visibility that Corporate-to-Bank integration provides lets treasurers assess their complete cash position at a glance and deliver real-time analytics and transaction management
Once implemented treasurers manage one platform with one username and password through which they view all their bank accounts in one place From this platform treasurers can securely access bank statements and cash position data from across their entire banking estate on one easily managed dashboard breaking down and viewing transactional level data in real-time
Remembering myriad usernames and passwords becomes more of a brain-ache when adding in the number of tokens and the responsibility of deciding who can access what bank account and which transactions and processes they can manage During growth phases itrsquos a brain-ache which takes on a whole new dimension when the inevitable grey areas are flagged up by auditors as a security and compliance issue By implementing segregation of duties and centralised control through one platform treasurers can overcome these challenges whilst securing the transmission of data through a network of secure and encrypted connectors
Full visibility is a powerful feature and treasurers can make it available to those who need it but itrsquos not a level of access all users require By assigning users to specific legal entities regions or individual business requirements Corporate-to-Bank integration facilitates
a workflow process that can be tailored to the needs of the organisation
Convenience visibility and security Yet therersquos more Treasurers are also able to end the manual task of pulling together daily cash reports that take up so much precious time Preparing daily cash positioning and funding activities through early morning number-crunching and out-of-hours data gathering has become the norm for many finance and treasury professionals working to strict deadlines The information is eventually gleaned but at the expense of redirecting resource away from more critical value-adding activity
Using intelligent platforms treasurers will instead be able to arrive in the morning with a report in their inbox outlining detailed global cash positions by bank currency region or legal entity The days of spending the first few hours of the day compiling spreadsheets from multiple sources will be over
Learn about AccessPayrsquos integrated solution for multi-bank visibility
13
14
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for payments automation
6 Payments Automation
Manual payment processing is inherently laden with risk Each transaction is one clumsy digit away from going horribly wrong Such errors do more than simply create an accounting headache though They lead to time-consuming rectifications security exposures and damage reputations
By automating non-value-added tasks ndash of which manual payment processing very much constitute ndash and replacing data entry across different systems such labour-intensive procedures and repetitive tasks are all but eliminated
However itrsquos not just about making payments faster and more accurate Leading solutions allow users such functionality as creating role-based profiles and workflows to ensure only the right people within teams can submit and approve payments Each feature enhances reporting budgeting and auditing and generates electronic trails that are far simpler to follow
To overcome the challenges that finance and treasury professionals face daily leading Corporate-to-Bank Integration platforms are designed to act as your one source of truth for all payments A single system for UK and International payments treasurers have one login and password for all payment and collections requirements Submissions validations and approvals all take place within a secure environment with files uploaded automatically using a suite of connectors that connect to the back-office bank and to all payment schemes and financial messaging rails
Although most organisations now have workflows and controls in place to manage their payments and collection process enforcing systematic segregation of duties is difficult when everyone is on different systems with varying levels of security Using an Corporate-to-Bank Integration
platform every part of the approvals process is controlled by the treasurer and their operations team Duties are segregated and visibility is provided by department and budgetary spend levels keeping everything in order Treasury operations decide who has access to what and when Users can be added and removed bank accounts changed and various departments created all with just a few clicks
With one single point of entry and the capability to track user behaviour exception management auditing and investigation times can be reduced to minutes greatly reducing the risk of employee error or theft For those requiring an additional layer of security and compliance leading-edge platforms offer PGP encryption of data and dynamic data masking giving treasurers the ability to limit sensitive data exposure by masking it to non-privileged users
LEARNMORE
Ready to learn more
15
wwwaccesspaycom
Corporate-to-Bank Integration platforms provide segregation between entities and work-streams They allow for separation of duties the ability to manage user access and to create workflow rules and role profiles for approval and submission of payments With one single point of entry and the capability to track user behaviour exception management auditing and investigation times are reduced from hours to minutes
A single centralised Corporate-to-Bank Integration platform can be used for all payments and cash visibility requirements One login one password no tokens no paper By consolidating all bank access and transaction management into one system treasurers can limit the requirement for individual bank portal access and reduce any security risk associated with logging into multiple banking portals
For those in the professional services industry where the organisationrsquos money must be segregated from the clientrsquos and held in separate bank accounts the ability to view these bank accounts and transactions side-by-side and across one platform is a formidable feature especially when reporting and reconciling external client money
Leading-edge Corporate-to-Bank Integration platforms boast bank-grade security and secure encryption of payments files ensure treasurers have confidence in the ability to shut out third-party breaches Going further proactive and pre-emptive flags highlight potentially fraudulent activity and erroneous transactions meaning treasurers receive alerts automated and sent in real-time thus allowing an action to be taken immediately or prevention of an event completely
7 Security Across Finance Operations
To prevent monetary loss and reputation damage finance and treasury professionals need to become proactive rather than reactive to reducing fraud and errors With different systems banks and an over-reliance on people itrsquos a responsibility than can feel overwhelming The answer lies in prevention detection and response to security threats and centralised control of the security of users systems and applications
With numerous data sources and multiple banking portals and back-office systems an ability to review user data is vital as is the ability to centrally control management of access across these systems
Ready to learn more Learn about AccessPayrsquos integrated solution for security across finance and treasury operations
LEARNMORE
16
Why Corporate-to-Bank Integration is key for your organisation
There comes a point with certain technologies that resistance to uptake no longer merely differentiates those that resist but handicaps them
The sheer scale of functionality capability speed and convenience that Corporate-to-Bank Integration platforms grant treasurers means that early adopters are beginning to pull away from those persisting with legacy manual processes
The role of a treasurer is complex but today professionals can choose how complex it needs to be Corporate-to-Bank Integration platforms simplify the complicated with streamlined bank connectivity and integration between finance and treasury back-office systems thus improving payments and cash management operations across the organisation
Improve visibility of funds Allocation of funding is improved allowing for optimal deployment of funding globally across the organisation minimising credit usage and optimising cash potential With centralised liquidity management intercompany transactions can be managed with ease unexpected activity can be identified and understood and liquidity can be proactively managed Banks can be added removed and consolidated easily across the centralised platform and access to real-time multi-bank visibility is granted allowing for quick assessments of cash positions with real-time analytics and transaction management
wwwaccesspaycom
17
Proactive risk management The platforms also allow for truly proactive risk management with security maintained by implementing tight control and rigorous compliance measures It means robust regulatory compliance internal governance and user privilege management together with easy payment and cash management workflow orchestration Security is boosted and fraud prevented as payments flow from back-office systems to beneficiary banks with the centralised platform providing single access for all payments and cash visibility requirements
Improve efficiency For many the real benefit of Corporate-to-Bank Integration platforms is the way they improve efficiency across finance and treasury Automation of non-value-added labour intensive and repetitive tasks reduces dependency on the internal workforce and can even remove the requirement for human intervention in certain cases The smooth integration and connectivity of sophisticated platforms mean UK and international banks are easily connected with multiple back-office systems enabling unhindered data flow And at any time as is required enriched data and automated reports are available in whichever format is preferred which enables treasurers to make better more informed decisions
wwwaccesspaycom
For the early adopters of Corporate-to-Bank Integration platforms the technology isnrsquot just changing job roles itrsquos transforming how the organisation can operate in a fast-moving and increasingly demanding digital age
Who does AccessPay work with
International +44 (0)161 885 0661
UK 03300 298 520
wwwaccesspaycom
18
Can I see an Corporate-to-Bank
Integration Platform in action
Book a demo today to see how the AccessPay Corporate-to-Bank Integration Platform can help you transform finance and
treasury operations through better connectivity
Delivering critical cash management insights
95 faster for ITV
ldquoWith AccessPay you log in and you know exactly how much cash you have around the group We were
able to see not just payments that have been made but also receive confirmations back from the bank
Itrsquos made managing our cash a much more joined-up process Itrsquos
really easy to use and itrsquos really made a difference for usrdquo
Karen FaganHead of Treasury Operations ITV
READ FULL STORY
2
wwwaccesspaycom
Introduction
As we dive deeper into the 21st Century it is becoming ever clearer that ours is truly a technological age Digitalisation and automation are beginning to free humanity from tasks that were once manual and labour-intensive Though the pervasiveness of these solutions is yet to touch upon every job role in the same way some are being completely transformed
Finance and treasury professionals are amongst those whose job roles are on the cusp of becoming transformed Amid the technologies driving this transformation are Corporate-to-Bank Integration platforms
We are exploring the scale of functionality these platforms bestow to treasurers the pain-points they eliminate the productivity they stimulate how they boost security improve decision-making and the sheer amount of time they return to the professional so that they might pursue real value-adding activities
Corporate-to-Bank Integration platforms are not a ldquoluxuryrdquo technology nor are they a novelty They represent a new dawn for financial management and a future where this management can be acquired with such sophistication that they have the potential to not only transform job roles but the long-term outlook for entire organisations
3
wwwaccesspaycom
ContentsIntroduction 02
The changing role of the Treasurer 04
Treasury insights 05
The triggers for change 07
SEVEN identifiable reasons for change 08
1 Consolidation Expanding Banking Relationships 09
2 ERP-to-Bank Integration 10
3 Finance amp Treasury Reporting 11
4 Finance amp Treasury System Consolidation 12
5 Multi-bank Visibility 13
6 Payments Automation 14
7 Security Across Finance Operations 15
Why Corporate-to-Bank Integration is key for your organisation 16
4
The changing role of the Treasurer
The job of a treasurer isnrsquot easy At a basic level you could describe the position of a treasurer as being responsible for corporate liquidity investments and risk management of an organisationrsquos financial activities However those umbrella terms conceal what can feel like an endless list of remits each gilded with their own unique pressures
And the scope of Treasury continues to expand Many professionals now view Treasury as a ldquovalue-adding service centrerdquo gaining far more prominence as a function than it has in previous years
Boards are placing more and more emphasis on treasury leaders to deliver insight and performance with a specific focus on the corporate strategy technology and automation
A typical working week for an enterprise treasurer can involve forecasting cashflow positions analysing related borrowing needs and identifying and releasing funds available for investment to meet ongoing operational and capital investment requirements And thatrsquos before the first coffee break of the morning
They use hedging to mitigate financial risks related to the interest rates on their organisationrsquos borrowings as well as on its foreign exchange positions They maintain banking and credit rating agency relationships arrange for equity financing and debt financing invest in various funds and oversee the extension of credit to customers After which time they might be able to contemplate lunch
One could be forgiven for thinking that this covers the bulk of responsibilities Sadly not
Treasurers must still monitor the activities of third parties handling outsourced treasury functions on behalf of the organisation advise management on the liquidity aspects of its short- and long-range planning and maintain a system of policies and procedures that impose an adequate level of control over treasury activities
Though the role is and always will be a demanding one technological advancements are providing solutions that consolidate automate and accelerate key treasury functions and therersquos a compelling argument that the time for them to be adopted is now
PWC 2019 Global Treasury Benchmarking Survey
Business of Treasury Survey 2019
wwwaccesspaycom
5
Treasury insights
UK businesses currently have access to a market-leading payments architecture The envy of the world it has been copied by numerous nations to improve their own payment structures
7 out of the top 10 treasury business challenges can be supported by fintech
AUTOMATION75 of treasurers say their
organisations are automating treasury functions to some
extent Its biggest impact will be the accuracy of information
managing cashflow across complex global operations and
effective risk management
FORECASTING 61 of treasurers
see a role for artificial intelligence in supporting
exposure forecasting
ACCESS TO DATA85 of treasurers cite lsquoquality
of financial and business data for strategic planning and decision makingrsquo as a
major internal concern
The top ten professional and business challenges for treasurers
wwwaccesspaycom
15
15
14
11
11
11
10
10
10
75 6185
9
RecruitmentstaffingHRworkload
Financial market volatility
Regulationcompliance
Liquidity management
Brexit
Geopolitical risks (none Brexit)
Forecastinglandscapingcash flow management
Automationtechnology
Risk Management
Funding availability
6
wwwaccesspaycom
In summary treasury teams are willing to use digital tools to their advantage They are recognising that technological advancements can be leveraged such as artificial intelligence robotic process automation (RPA) and data analytics to conduct critical tasks make decisions and reduce risk
CYBERSECURITY20 of treasurers
are extremely concerned about tech impact
on jobs and cybersecurity
FRAUD55 of treasurers
indicate they have an oversight role for
payment fraud risk in their organisation
20 55 They also know that technological affinity and business partnering with relevant FinTech and FinServe partners is key to helping resource and redefine existing roles with digitalisation playing a key part in this changersquo
Risk management
0 10050 7525
Capital and liquidity management
Corporate strategy
Treasury operations and controls
Technology including Automation (2019)
Pension management
Other
Topics reported to the board in past six months
Sources
PWC 2019 Global Treasury Benchmarking Survey
Business of Treasury Survey 2019
7
wwwaccesspaycom
The triggers for changeLinked to the growing role of treasury as a strategic business function and the increasing responsibility sitting across the team the point at which an organisation concedes its incumbent treasury processes require change depends on various factors
Typical triggers can include impending mergers and acquisitions significant changes to business process ERP implementation and upgrades and growth phases that intensify the range and level of responsibility with the evolving team
Compelling event
Nature of the challenge
Transformation projects
Support the changing needs and strategies
of the business enabling the finance and treasury function to support and create value
improve core processes and manage ongoing performance
Mergers and acquisitions
Migrating to a common set of systems across a new enterprise or figuring out
how to integrate different disparate and legacy systems post-deal
ERP implementation and upgrade
Installing new software moving financial
data configuring users and processes and training your users on the software
Banking relationship consolidation
Rationalisation of multiple
relationships enhancing control minimising risk and freeing up capital
Business expansion
Planned and carefully managed expansion versus sudden and involuntary expansion
pressurising people and systems
Business process change
Support business efficiencies by
cutting excess reducing costs and sharpening management Measured
using profitabilityROI
8
SEVEN identifiable reasons for change
For those treasurers and finance professionals within organisations who have thus far resisted taking the step towards digital financial transformation with deep bank integration allow us to present AccessPayrsquos top seven reasons for change
wwwaccesspaycom
Finance amp Treasury Reporting03
Finance amp Treasury System Consolidation04
Multi-bank Visibility05
Payments Automation06
ERP-to-Bank Integration02
Security Across Finance Operations07
Consolidation Expanding Banking Relationships 01
9
Ready to learn more
wwwaccesspaycom
Learn about AccessPayrsquos integrated solution for consolidating and expanding banking relationships
1 Consolidation Expanding Banking Relationships
Those tasked with managing an organisationrsquos banking environment are in an unenviable position Each bank has its own standards for payment files and their own file formats for financial messaging and statements This complexity is compounded further by the corporationrsquos own disjointed back-office infrastructures where payment file processing and approvals reconciliation and forecasting often take place
By consolidating and integrating bank account visibility and functionality with the corporate back-office infrastructure treasurers become freshly armed with a whole inventory of new value-adding capabilities They can quickly transform bank files orchestrate payments and cash management workflow between individual banks and back-office systems in one central platform and significantly reduce the manual dependency and risks associated with multi-bank finance and treasury operations
With little or often no IT development required file formats can be mapped from any bank and transformed into a data output format that can be consumed by their ERP TMS or back-office system They can then identify risks and fraudulent activity across the banking network with all files and transactions going through one platform
Without clear integration between banks and back-office systems finance and treasury teams are often forced to work within complex spreadsheets to manage daily positioning deliver forecasts and reconcile statements versus ledgers Teams with integration have reported time savings of over 80 and delivering mission-critical insights on cash and liquidity faster Adding additional banks or removing banks from the operating model is standardised via industry-leading platforms ensuring minimum disruption to teams and internal resources
LEARNMORELEARNMORE
10
LEARNMORE
Ready to learn more
wwwaccesspaycom
Learn about AccessPayrsquos integrated solution for complex ERP-to-Bank integration
2 ERP-to-Bank Integration
Designed to support a variety of business processes ERP systems are used by finance and treasury functions for accounts payable and accounts receivable for processing payroll and treasury payments for reconciliation as well as for monitoring predicting and managing cash across multiple locations and legal entities The primary purpose of an ERP system is to automate all of this allowing the treasurer to concentrate on driving growth for their organisation
However what good is an ERP system if itrsquos not integrated into your TMS CRM Accounting or Payroll system and more importantly connected to all your banks The task of having to manually upload data from multiple sources remains thereby defeating the purpose of having an ERP system in the first place ERP-to-Bank Integration is critical to achieving the automation which removes the need for these manual uploads
ERP and back-office to bank integration enables organisations to automate manual processes such as data entry and reconciliation Not only does this increase data accuracy and provide better insight but it also allows treasurers to reduce dependency on the internal workforce and manual coordination of efforts enabling a diversion of focus towards analysis and value-adding activity By integrating the ERP or back-office system with the organisationrsquos banks treasurers can also feed accounts payable and receivable data into the Corporate-to-Bank Integration platform and combine these with bank statement data generating meaningful reports for the organisation
A primary pain-point of not having access to an integrated process is that treasurers are forced to deal with varying file formats With each system requiring a different file import and the different banks releasing different types of file treasurers become burdened with the onerous task of navigating through this maze and charging IT teams with transforming data into legible files for upload
With the right Corporate-to-Bank Integration platform treasurers can end all of this by mapping any file format from any bank and transforming data output into a format that can be consumed by the ERP or back-office system With minimal or no IT development required dependency on IT teams is minimised as all transformation is completed by the file agnostic platform
11
Ready to learn more LEARNMORE
wwwaccesspaycomwwwaccesspaycom
3 Finance amp Treasury Reporting
The bedrock upon which any organisation can achieve growth objectives and invest in those areas deemed most important is effective cash management Manually reconciling finance and treasury reporting wastes precious time and canrsquot always be relied on to expose a truly accurate financial picture This is especially true when high-transaction volumes multiple bank accounts and various file formats are added to a melee that spans different time zones and geographically disparate teams
Using real-time data aggregated from bank accounts and transaction data finance and treasury reporting solutions act as a single source of truth for all treasury information Bespoke dashboards allow for analysis of cash liquidity and risk exposure across multiple countries currencies and legal entities delivering insight in real-time With enriched data and automated reports critical information is available when needed in the format needed allowing treasurers to make more informed decisions
Moving to automated processes across systems also reduces operational dependencies by scheduling and automating the retrieval of bank statements transaction data and custom and pre-built reports ndash all of which can be made available in readable and consumable format for you to glean more information out of and scrutinise Automating reconciliation facilitates the transformation of bank data from various formats making it easier to consume in ERP TMS and back-office systems whilst integration between banks and back office systems means better more accurate data for business planning with less chance of error
By removing human intervention internal and external compliance is improved and security risks are further reduced Data integrity is also maintained by managing access on-demand thereby ensuring data cannot be manipulated
When combined these functionalities mean finance and treasury teams are armed with the insights needed to sharpen decision making and invest more time on data analysis to help drive growth and value creation
Learn about AccessPayrsquos integrated solution for finance and treasury reporting
LEARNMORE
Ready to learn more
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for finance and treasury systems consolidation
4 Finance amp Treasury System Consolidation
Compounding the complexity of a treasurerrsquos role is maintaining visibility and control over disparate on-premise finance and treasury systems each with their own workflows and custom integrations to payment schemes and banks Itrsquos a plate-spinning act where should one drop itrsquos not porcelain that is damaged but potentially an organisationrsquos financial position
Consolidating these systems into an integration platform with connectors to multiple banks schemes and applications organisations can visualise payments and cash management workflows between back-office systems and banks in one place At any time they can also edit add or remove workflows in line with the demands of the organisation
By centralising access to all banks via one platform with one set of login credentials treasurers create role-based profiles and workflow and approval rules by functional purpose ensuring access is granted to users with the right level of authority Ideal for organisations with multiple subsidiaries Furthermore treasurers can enable secure file transfer between ERP Treasury Management System Payroll System or CRM with data encrypted in transit whilst maintaining an audit trail of all user actions across the finance and treasury operating model New banks are quickly added easily monitored and access managed through one centrally controlled platform with audit reports provided on all user actions for all payment processes
Connecting cloud ERP systems to payment schemes minimises manual payment processing and the associated risks Statement data is easily consumed from across the organisationrsquos
banking network and routes directly into the ERP or TMS for automated reconciliation By quickly and easily adding scheme bank and message rail connectors into the Corporate-to-Bank Integration platform the need for multiple applications for multiple payment schemes or rails is eliminated
Organisations that take the step to invest in ERP and Treasury Management Systems often do so as a result of significant business transformation and systems consolidation programmes In many such instances integrations with banks or schemes to achieve a truly streamlined and controlled finance operating model require custom file mapping and system development Choosing the right integration platform negates this requirement by enabling access to a suite of bank and scheme connectors that standardise data consumption for all systems in use across the organisation
12
Ready to learn more LEARNMORE
wwwaccesspaycom
5 Multi-bank Visibility
Itrsquos standard practice for organisations to possess multiple bank accounts It makes sound business sense but it also adds a range of complexities to an already difficult role The multi-bank visibility that Corporate-to-Bank integration provides lets treasurers assess their complete cash position at a glance and deliver real-time analytics and transaction management
Once implemented treasurers manage one platform with one username and password through which they view all their bank accounts in one place From this platform treasurers can securely access bank statements and cash position data from across their entire banking estate on one easily managed dashboard breaking down and viewing transactional level data in real-time
Remembering myriad usernames and passwords becomes more of a brain-ache when adding in the number of tokens and the responsibility of deciding who can access what bank account and which transactions and processes they can manage During growth phases itrsquos a brain-ache which takes on a whole new dimension when the inevitable grey areas are flagged up by auditors as a security and compliance issue By implementing segregation of duties and centralised control through one platform treasurers can overcome these challenges whilst securing the transmission of data through a network of secure and encrypted connectors
Full visibility is a powerful feature and treasurers can make it available to those who need it but itrsquos not a level of access all users require By assigning users to specific legal entities regions or individual business requirements Corporate-to-Bank integration facilitates
a workflow process that can be tailored to the needs of the organisation
Convenience visibility and security Yet therersquos more Treasurers are also able to end the manual task of pulling together daily cash reports that take up so much precious time Preparing daily cash positioning and funding activities through early morning number-crunching and out-of-hours data gathering has become the norm for many finance and treasury professionals working to strict deadlines The information is eventually gleaned but at the expense of redirecting resource away from more critical value-adding activity
Using intelligent platforms treasurers will instead be able to arrive in the morning with a report in their inbox outlining detailed global cash positions by bank currency region or legal entity The days of spending the first few hours of the day compiling spreadsheets from multiple sources will be over
Learn about AccessPayrsquos integrated solution for multi-bank visibility
13
14
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for payments automation
6 Payments Automation
Manual payment processing is inherently laden with risk Each transaction is one clumsy digit away from going horribly wrong Such errors do more than simply create an accounting headache though They lead to time-consuming rectifications security exposures and damage reputations
By automating non-value-added tasks ndash of which manual payment processing very much constitute ndash and replacing data entry across different systems such labour-intensive procedures and repetitive tasks are all but eliminated
However itrsquos not just about making payments faster and more accurate Leading solutions allow users such functionality as creating role-based profiles and workflows to ensure only the right people within teams can submit and approve payments Each feature enhances reporting budgeting and auditing and generates electronic trails that are far simpler to follow
To overcome the challenges that finance and treasury professionals face daily leading Corporate-to-Bank Integration platforms are designed to act as your one source of truth for all payments A single system for UK and International payments treasurers have one login and password for all payment and collections requirements Submissions validations and approvals all take place within a secure environment with files uploaded automatically using a suite of connectors that connect to the back-office bank and to all payment schemes and financial messaging rails
Although most organisations now have workflows and controls in place to manage their payments and collection process enforcing systematic segregation of duties is difficult when everyone is on different systems with varying levels of security Using an Corporate-to-Bank Integration
platform every part of the approvals process is controlled by the treasurer and their operations team Duties are segregated and visibility is provided by department and budgetary spend levels keeping everything in order Treasury operations decide who has access to what and when Users can be added and removed bank accounts changed and various departments created all with just a few clicks
With one single point of entry and the capability to track user behaviour exception management auditing and investigation times can be reduced to minutes greatly reducing the risk of employee error or theft For those requiring an additional layer of security and compliance leading-edge platforms offer PGP encryption of data and dynamic data masking giving treasurers the ability to limit sensitive data exposure by masking it to non-privileged users
LEARNMORE
Ready to learn more
15
wwwaccesspaycom
Corporate-to-Bank Integration platforms provide segregation between entities and work-streams They allow for separation of duties the ability to manage user access and to create workflow rules and role profiles for approval and submission of payments With one single point of entry and the capability to track user behaviour exception management auditing and investigation times are reduced from hours to minutes
A single centralised Corporate-to-Bank Integration platform can be used for all payments and cash visibility requirements One login one password no tokens no paper By consolidating all bank access and transaction management into one system treasurers can limit the requirement for individual bank portal access and reduce any security risk associated with logging into multiple banking portals
For those in the professional services industry where the organisationrsquos money must be segregated from the clientrsquos and held in separate bank accounts the ability to view these bank accounts and transactions side-by-side and across one platform is a formidable feature especially when reporting and reconciling external client money
Leading-edge Corporate-to-Bank Integration platforms boast bank-grade security and secure encryption of payments files ensure treasurers have confidence in the ability to shut out third-party breaches Going further proactive and pre-emptive flags highlight potentially fraudulent activity and erroneous transactions meaning treasurers receive alerts automated and sent in real-time thus allowing an action to be taken immediately or prevention of an event completely
7 Security Across Finance Operations
To prevent monetary loss and reputation damage finance and treasury professionals need to become proactive rather than reactive to reducing fraud and errors With different systems banks and an over-reliance on people itrsquos a responsibility than can feel overwhelming The answer lies in prevention detection and response to security threats and centralised control of the security of users systems and applications
With numerous data sources and multiple banking portals and back-office systems an ability to review user data is vital as is the ability to centrally control management of access across these systems
Ready to learn more Learn about AccessPayrsquos integrated solution for security across finance and treasury operations
LEARNMORE
16
Why Corporate-to-Bank Integration is key for your organisation
There comes a point with certain technologies that resistance to uptake no longer merely differentiates those that resist but handicaps them
The sheer scale of functionality capability speed and convenience that Corporate-to-Bank Integration platforms grant treasurers means that early adopters are beginning to pull away from those persisting with legacy manual processes
The role of a treasurer is complex but today professionals can choose how complex it needs to be Corporate-to-Bank Integration platforms simplify the complicated with streamlined bank connectivity and integration between finance and treasury back-office systems thus improving payments and cash management operations across the organisation
Improve visibility of funds Allocation of funding is improved allowing for optimal deployment of funding globally across the organisation minimising credit usage and optimising cash potential With centralised liquidity management intercompany transactions can be managed with ease unexpected activity can be identified and understood and liquidity can be proactively managed Banks can be added removed and consolidated easily across the centralised platform and access to real-time multi-bank visibility is granted allowing for quick assessments of cash positions with real-time analytics and transaction management
wwwaccesspaycom
17
Proactive risk management The platforms also allow for truly proactive risk management with security maintained by implementing tight control and rigorous compliance measures It means robust regulatory compliance internal governance and user privilege management together with easy payment and cash management workflow orchestration Security is boosted and fraud prevented as payments flow from back-office systems to beneficiary banks with the centralised platform providing single access for all payments and cash visibility requirements
Improve efficiency For many the real benefit of Corporate-to-Bank Integration platforms is the way they improve efficiency across finance and treasury Automation of non-value-added labour intensive and repetitive tasks reduces dependency on the internal workforce and can even remove the requirement for human intervention in certain cases The smooth integration and connectivity of sophisticated platforms mean UK and international banks are easily connected with multiple back-office systems enabling unhindered data flow And at any time as is required enriched data and automated reports are available in whichever format is preferred which enables treasurers to make better more informed decisions
wwwaccesspaycom
For the early adopters of Corporate-to-Bank Integration platforms the technology isnrsquot just changing job roles itrsquos transforming how the organisation can operate in a fast-moving and increasingly demanding digital age
Who does AccessPay work with
International +44 (0)161 885 0661
UK 03300 298 520
wwwaccesspaycom
18
Can I see an Corporate-to-Bank
Integration Platform in action
Book a demo today to see how the AccessPay Corporate-to-Bank Integration Platform can help you transform finance and
treasury operations through better connectivity
Delivering critical cash management insights
95 faster for ITV
ldquoWith AccessPay you log in and you know exactly how much cash you have around the group We were
able to see not just payments that have been made but also receive confirmations back from the bank
Itrsquos made managing our cash a much more joined-up process Itrsquos
really easy to use and itrsquos really made a difference for usrdquo
Karen FaganHead of Treasury Operations ITV
READ FULL STORY
3
wwwaccesspaycom
ContentsIntroduction 02
The changing role of the Treasurer 04
Treasury insights 05
The triggers for change 07
SEVEN identifiable reasons for change 08
1 Consolidation Expanding Banking Relationships 09
2 ERP-to-Bank Integration 10
3 Finance amp Treasury Reporting 11
4 Finance amp Treasury System Consolidation 12
5 Multi-bank Visibility 13
6 Payments Automation 14
7 Security Across Finance Operations 15
Why Corporate-to-Bank Integration is key for your organisation 16
4
The changing role of the Treasurer
The job of a treasurer isnrsquot easy At a basic level you could describe the position of a treasurer as being responsible for corporate liquidity investments and risk management of an organisationrsquos financial activities However those umbrella terms conceal what can feel like an endless list of remits each gilded with their own unique pressures
And the scope of Treasury continues to expand Many professionals now view Treasury as a ldquovalue-adding service centrerdquo gaining far more prominence as a function than it has in previous years
Boards are placing more and more emphasis on treasury leaders to deliver insight and performance with a specific focus on the corporate strategy technology and automation
A typical working week for an enterprise treasurer can involve forecasting cashflow positions analysing related borrowing needs and identifying and releasing funds available for investment to meet ongoing operational and capital investment requirements And thatrsquos before the first coffee break of the morning
They use hedging to mitigate financial risks related to the interest rates on their organisationrsquos borrowings as well as on its foreign exchange positions They maintain banking and credit rating agency relationships arrange for equity financing and debt financing invest in various funds and oversee the extension of credit to customers After which time they might be able to contemplate lunch
One could be forgiven for thinking that this covers the bulk of responsibilities Sadly not
Treasurers must still monitor the activities of third parties handling outsourced treasury functions on behalf of the organisation advise management on the liquidity aspects of its short- and long-range planning and maintain a system of policies and procedures that impose an adequate level of control over treasury activities
Though the role is and always will be a demanding one technological advancements are providing solutions that consolidate automate and accelerate key treasury functions and therersquos a compelling argument that the time for them to be adopted is now
PWC 2019 Global Treasury Benchmarking Survey
Business of Treasury Survey 2019
wwwaccesspaycom
5
Treasury insights
UK businesses currently have access to a market-leading payments architecture The envy of the world it has been copied by numerous nations to improve their own payment structures
7 out of the top 10 treasury business challenges can be supported by fintech
AUTOMATION75 of treasurers say their
organisations are automating treasury functions to some
extent Its biggest impact will be the accuracy of information
managing cashflow across complex global operations and
effective risk management
FORECASTING 61 of treasurers
see a role for artificial intelligence in supporting
exposure forecasting
ACCESS TO DATA85 of treasurers cite lsquoquality
of financial and business data for strategic planning and decision makingrsquo as a
major internal concern
The top ten professional and business challenges for treasurers
wwwaccesspaycom
15
15
14
11
11
11
10
10
10
75 6185
9
RecruitmentstaffingHRworkload
Financial market volatility
Regulationcompliance
Liquidity management
Brexit
Geopolitical risks (none Brexit)
Forecastinglandscapingcash flow management
Automationtechnology
Risk Management
Funding availability
6
wwwaccesspaycom
In summary treasury teams are willing to use digital tools to their advantage They are recognising that technological advancements can be leveraged such as artificial intelligence robotic process automation (RPA) and data analytics to conduct critical tasks make decisions and reduce risk
CYBERSECURITY20 of treasurers
are extremely concerned about tech impact
on jobs and cybersecurity
FRAUD55 of treasurers
indicate they have an oversight role for
payment fraud risk in their organisation
20 55 They also know that technological affinity and business partnering with relevant FinTech and FinServe partners is key to helping resource and redefine existing roles with digitalisation playing a key part in this changersquo
Risk management
0 10050 7525
Capital and liquidity management
Corporate strategy
Treasury operations and controls
Technology including Automation (2019)
Pension management
Other
Topics reported to the board in past six months
Sources
PWC 2019 Global Treasury Benchmarking Survey
Business of Treasury Survey 2019
7
wwwaccesspaycom
The triggers for changeLinked to the growing role of treasury as a strategic business function and the increasing responsibility sitting across the team the point at which an organisation concedes its incumbent treasury processes require change depends on various factors
Typical triggers can include impending mergers and acquisitions significant changes to business process ERP implementation and upgrades and growth phases that intensify the range and level of responsibility with the evolving team
Compelling event
Nature of the challenge
Transformation projects
Support the changing needs and strategies
of the business enabling the finance and treasury function to support and create value
improve core processes and manage ongoing performance
Mergers and acquisitions
Migrating to a common set of systems across a new enterprise or figuring out
how to integrate different disparate and legacy systems post-deal
ERP implementation and upgrade
Installing new software moving financial
data configuring users and processes and training your users on the software
Banking relationship consolidation
Rationalisation of multiple
relationships enhancing control minimising risk and freeing up capital
Business expansion
Planned and carefully managed expansion versus sudden and involuntary expansion
pressurising people and systems
Business process change
Support business efficiencies by
cutting excess reducing costs and sharpening management Measured
using profitabilityROI
8
SEVEN identifiable reasons for change
For those treasurers and finance professionals within organisations who have thus far resisted taking the step towards digital financial transformation with deep bank integration allow us to present AccessPayrsquos top seven reasons for change
wwwaccesspaycom
Finance amp Treasury Reporting03
Finance amp Treasury System Consolidation04
Multi-bank Visibility05
Payments Automation06
ERP-to-Bank Integration02
Security Across Finance Operations07
Consolidation Expanding Banking Relationships 01
9
Ready to learn more
wwwaccesspaycom
Learn about AccessPayrsquos integrated solution for consolidating and expanding banking relationships
1 Consolidation Expanding Banking Relationships
Those tasked with managing an organisationrsquos banking environment are in an unenviable position Each bank has its own standards for payment files and their own file formats for financial messaging and statements This complexity is compounded further by the corporationrsquos own disjointed back-office infrastructures where payment file processing and approvals reconciliation and forecasting often take place
By consolidating and integrating bank account visibility and functionality with the corporate back-office infrastructure treasurers become freshly armed with a whole inventory of new value-adding capabilities They can quickly transform bank files orchestrate payments and cash management workflow between individual banks and back-office systems in one central platform and significantly reduce the manual dependency and risks associated with multi-bank finance and treasury operations
With little or often no IT development required file formats can be mapped from any bank and transformed into a data output format that can be consumed by their ERP TMS or back-office system They can then identify risks and fraudulent activity across the banking network with all files and transactions going through one platform
Without clear integration between banks and back-office systems finance and treasury teams are often forced to work within complex spreadsheets to manage daily positioning deliver forecasts and reconcile statements versus ledgers Teams with integration have reported time savings of over 80 and delivering mission-critical insights on cash and liquidity faster Adding additional banks or removing banks from the operating model is standardised via industry-leading platforms ensuring minimum disruption to teams and internal resources
LEARNMORELEARNMORE
10
LEARNMORE
Ready to learn more
wwwaccesspaycom
Learn about AccessPayrsquos integrated solution for complex ERP-to-Bank integration
2 ERP-to-Bank Integration
Designed to support a variety of business processes ERP systems are used by finance and treasury functions for accounts payable and accounts receivable for processing payroll and treasury payments for reconciliation as well as for monitoring predicting and managing cash across multiple locations and legal entities The primary purpose of an ERP system is to automate all of this allowing the treasurer to concentrate on driving growth for their organisation
However what good is an ERP system if itrsquos not integrated into your TMS CRM Accounting or Payroll system and more importantly connected to all your banks The task of having to manually upload data from multiple sources remains thereby defeating the purpose of having an ERP system in the first place ERP-to-Bank Integration is critical to achieving the automation which removes the need for these manual uploads
ERP and back-office to bank integration enables organisations to automate manual processes such as data entry and reconciliation Not only does this increase data accuracy and provide better insight but it also allows treasurers to reduce dependency on the internal workforce and manual coordination of efforts enabling a diversion of focus towards analysis and value-adding activity By integrating the ERP or back-office system with the organisationrsquos banks treasurers can also feed accounts payable and receivable data into the Corporate-to-Bank Integration platform and combine these with bank statement data generating meaningful reports for the organisation
A primary pain-point of not having access to an integrated process is that treasurers are forced to deal with varying file formats With each system requiring a different file import and the different banks releasing different types of file treasurers become burdened with the onerous task of navigating through this maze and charging IT teams with transforming data into legible files for upload
With the right Corporate-to-Bank Integration platform treasurers can end all of this by mapping any file format from any bank and transforming data output into a format that can be consumed by the ERP or back-office system With minimal or no IT development required dependency on IT teams is minimised as all transformation is completed by the file agnostic platform
11
Ready to learn more LEARNMORE
wwwaccesspaycomwwwaccesspaycom
3 Finance amp Treasury Reporting
The bedrock upon which any organisation can achieve growth objectives and invest in those areas deemed most important is effective cash management Manually reconciling finance and treasury reporting wastes precious time and canrsquot always be relied on to expose a truly accurate financial picture This is especially true when high-transaction volumes multiple bank accounts and various file formats are added to a melee that spans different time zones and geographically disparate teams
Using real-time data aggregated from bank accounts and transaction data finance and treasury reporting solutions act as a single source of truth for all treasury information Bespoke dashboards allow for analysis of cash liquidity and risk exposure across multiple countries currencies and legal entities delivering insight in real-time With enriched data and automated reports critical information is available when needed in the format needed allowing treasurers to make more informed decisions
Moving to automated processes across systems also reduces operational dependencies by scheduling and automating the retrieval of bank statements transaction data and custom and pre-built reports ndash all of which can be made available in readable and consumable format for you to glean more information out of and scrutinise Automating reconciliation facilitates the transformation of bank data from various formats making it easier to consume in ERP TMS and back-office systems whilst integration between banks and back office systems means better more accurate data for business planning with less chance of error
By removing human intervention internal and external compliance is improved and security risks are further reduced Data integrity is also maintained by managing access on-demand thereby ensuring data cannot be manipulated
When combined these functionalities mean finance and treasury teams are armed with the insights needed to sharpen decision making and invest more time on data analysis to help drive growth and value creation
Learn about AccessPayrsquos integrated solution for finance and treasury reporting
LEARNMORE
Ready to learn more
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for finance and treasury systems consolidation
4 Finance amp Treasury System Consolidation
Compounding the complexity of a treasurerrsquos role is maintaining visibility and control over disparate on-premise finance and treasury systems each with their own workflows and custom integrations to payment schemes and banks Itrsquos a plate-spinning act where should one drop itrsquos not porcelain that is damaged but potentially an organisationrsquos financial position
Consolidating these systems into an integration platform with connectors to multiple banks schemes and applications organisations can visualise payments and cash management workflows between back-office systems and banks in one place At any time they can also edit add or remove workflows in line with the demands of the organisation
By centralising access to all banks via one platform with one set of login credentials treasurers create role-based profiles and workflow and approval rules by functional purpose ensuring access is granted to users with the right level of authority Ideal for organisations with multiple subsidiaries Furthermore treasurers can enable secure file transfer between ERP Treasury Management System Payroll System or CRM with data encrypted in transit whilst maintaining an audit trail of all user actions across the finance and treasury operating model New banks are quickly added easily monitored and access managed through one centrally controlled platform with audit reports provided on all user actions for all payment processes
Connecting cloud ERP systems to payment schemes minimises manual payment processing and the associated risks Statement data is easily consumed from across the organisationrsquos
banking network and routes directly into the ERP or TMS for automated reconciliation By quickly and easily adding scheme bank and message rail connectors into the Corporate-to-Bank Integration platform the need for multiple applications for multiple payment schemes or rails is eliminated
Organisations that take the step to invest in ERP and Treasury Management Systems often do so as a result of significant business transformation and systems consolidation programmes In many such instances integrations with banks or schemes to achieve a truly streamlined and controlled finance operating model require custom file mapping and system development Choosing the right integration platform negates this requirement by enabling access to a suite of bank and scheme connectors that standardise data consumption for all systems in use across the organisation
12
Ready to learn more LEARNMORE
wwwaccesspaycom
5 Multi-bank Visibility
Itrsquos standard practice for organisations to possess multiple bank accounts It makes sound business sense but it also adds a range of complexities to an already difficult role The multi-bank visibility that Corporate-to-Bank integration provides lets treasurers assess their complete cash position at a glance and deliver real-time analytics and transaction management
Once implemented treasurers manage one platform with one username and password through which they view all their bank accounts in one place From this platform treasurers can securely access bank statements and cash position data from across their entire banking estate on one easily managed dashboard breaking down and viewing transactional level data in real-time
Remembering myriad usernames and passwords becomes more of a brain-ache when adding in the number of tokens and the responsibility of deciding who can access what bank account and which transactions and processes they can manage During growth phases itrsquos a brain-ache which takes on a whole new dimension when the inevitable grey areas are flagged up by auditors as a security and compliance issue By implementing segregation of duties and centralised control through one platform treasurers can overcome these challenges whilst securing the transmission of data through a network of secure and encrypted connectors
Full visibility is a powerful feature and treasurers can make it available to those who need it but itrsquos not a level of access all users require By assigning users to specific legal entities regions or individual business requirements Corporate-to-Bank integration facilitates
a workflow process that can be tailored to the needs of the organisation
Convenience visibility and security Yet therersquos more Treasurers are also able to end the manual task of pulling together daily cash reports that take up so much precious time Preparing daily cash positioning and funding activities through early morning number-crunching and out-of-hours data gathering has become the norm for many finance and treasury professionals working to strict deadlines The information is eventually gleaned but at the expense of redirecting resource away from more critical value-adding activity
Using intelligent platforms treasurers will instead be able to arrive in the morning with a report in their inbox outlining detailed global cash positions by bank currency region or legal entity The days of spending the first few hours of the day compiling spreadsheets from multiple sources will be over
Learn about AccessPayrsquos integrated solution for multi-bank visibility
13
14
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for payments automation
6 Payments Automation
Manual payment processing is inherently laden with risk Each transaction is one clumsy digit away from going horribly wrong Such errors do more than simply create an accounting headache though They lead to time-consuming rectifications security exposures and damage reputations
By automating non-value-added tasks ndash of which manual payment processing very much constitute ndash and replacing data entry across different systems such labour-intensive procedures and repetitive tasks are all but eliminated
However itrsquos not just about making payments faster and more accurate Leading solutions allow users such functionality as creating role-based profiles and workflows to ensure only the right people within teams can submit and approve payments Each feature enhances reporting budgeting and auditing and generates electronic trails that are far simpler to follow
To overcome the challenges that finance and treasury professionals face daily leading Corporate-to-Bank Integration platforms are designed to act as your one source of truth for all payments A single system for UK and International payments treasurers have one login and password for all payment and collections requirements Submissions validations and approvals all take place within a secure environment with files uploaded automatically using a suite of connectors that connect to the back-office bank and to all payment schemes and financial messaging rails
Although most organisations now have workflows and controls in place to manage their payments and collection process enforcing systematic segregation of duties is difficult when everyone is on different systems with varying levels of security Using an Corporate-to-Bank Integration
platform every part of the approvals process is controlled by the treasurer and their operations team Duties are segregated and visibility is provided by department and budgetary spend levels keeping everything in order Treasury operations decide who has access to what and when Users can be added and removed bank accounts changed and various departments created all with just a few clicks
With one single point of entry and the capability to track user behaviour exception management auditing and investigation times can be reduced to minutes greatly reducing the risk of employee error or theft For those requiring an additional layer of security and compliance leading-edge platforms offer PGP encryption of data and dynamic data masking giving treasurers the ability to limit sensitive data exposure by masking it to non-privileged users
LEARNMORE
Ready to learn more
15
wwwaccesspaycom
Corporate-to-Bank Integration platforms provide segregation between entities and work-streams They allow for separation of duties the ability to manage user access and to create workflow rules and role profiles for approval and submission of payments With one single point of entry and the capability to track user behaviour exception management auditing and investigation times are reduced from hours to minutes
A single centralised Corporate-to-Bank Integration platform can be used for all payments and cash visibility requirements One login one password no tokens no paper By consolidating all bank access and transaction management into one system treasurers can limit the requirement for individual bank portal access and reduce any security risk associated with logging into multiple banking portals
For those in the professional services industry where the organisationrsquos money must be segregated from the clientrsquos and held in separate bank accounts the ability to view these bank accounts and transactions side-by-side and across one platform is a formidable feature especially when reporting and reconciling external client money
Leading-edge Corporate-to-Bank Integration platforms boast bank-grade security and secure encryption of payments files ensure treasurers have confidence in the ability to shut out third-party breaches Going further proactive and pre-emptive flags highlight potentially fraudulent activity and erroneous transactions meaning treasurers receive alerts automated and sent in real-time thus allowing an action to be taken immediately or prevention of an event completely
7 Security Across Finance Operations
To prevent monetary loss and reputation damage finance and treasury professionals need to become proactive rather than reactive to reducing fraud and errors With different systems banks and an over-reliance on people itrsquos a responsibility than can feel overwhelming The answer lies in prevention detection and response to security threats and centralised control of the security of users systems and applications
With numerous data sources and multiple banking portals and back-office systems an ability to review user data is vital as is the ability to centrally control management of access across these systems
Ready to learn more Learn about AccessPayrsquos integrated solution for security across finance and treasury operations
LEARNMORE
16
Why Corporate-to-Bank Integration is key for your organisation
There comes a point with certain technologies that resistance to uptake no longer merely differentiates those that resist but handicaps them
The sheer scale of functionality capability speed and convenience that Corporate-to-Bank Integration platforms grant treasurers means that early adopters are beginning to pull away from those persisting with legacy manual processes
The role of a treasurer is complex but today professionals can choose how complex it needs to be Corporate-to-Bank Integration platforms simplify the complicated with streamlined bank connectivity and integration between finance and treasury back-office systems thus improving payments and cash management operations across the organisation
Improve visibility of funds Allocation of funding is improved allowing for optimal deployment of funding globally across the organisation minimising credit usage and optimising cash potential With centralised liquidity management intercompany transactions can be managed with ease unexpected activity can be identified and understood and liquidity can be proactively managed Banks can be added removed and consolidated easily across the centralised platform and access to real-time multi-bank visibility is granted allowing for quick assessments of cash positions with real-time analytics and transaction management
wwwaccesspaycom
17
Proactive risk management The platforms also allow for truly proactive risk management with security maintained by implementing tight control and rigorous compliance measures It means robust regulatory compliance internal governance and user privilege management together with easy payment and cash management workflow orchestration Security is boosted and fraud prevented as payments flow from back-office systems to beneficiary banks with the centralised platform providing single access for all payments and cash visibility requirements
Improve efficiency For many the real benefit of Corporate-to-Bank Integration platforms is the way they improve efficiency across finance and treasury Automation of non-value-added labour intensive and repetitive tasks reduces dependency on the internal workforce and can even remove the requirement for human intervention in certain cases The smooth integration and connectivity of sophisticated platforms mean UK and international banks are easily connected with multiple back-office systems enabling unhindered data flow And at any time as is required enriched data and automated reports are available in whichever format is preferred which enables treasurers to make better more informed decisions
wwwaccesspaycom
For the early adopters of Corporate-to-Bank Integration platforms the technology isnrsquot just changing job roles itrsquos transforming how the organisation can operate in a fast-moving and increasingly demanding digital age
Who does AccessPay work with
International +44 (0)161 885 0661
UK 03300 298 520
wwwaccesspaycom
18
Can I see an Corporate-to-Bank
Integration Platform in action
Book a demo today to see how the AccessPay Corporate-to-Bank Integration Platform can help you transform finance and
treasury operations through better connectivity
Delivering critical cash management insights
95 faster for ITV
ldquoWith AccessPay you log in and you know exactly how much cash you have around the group We were
able to see not just payments that have been made but also receive confirmations back from the bank
Itrsquos made managing our cash a much more joined-up process Itrsquos
really easy to use and itrsquos really made a difference for usrdquo
Karen FaganHead of Treasury Operations ITV
READ FULL STORY
4
The changing role of the Treasurer
The job of a treasurer isnrsquot easy At a basic level you could describe the position of a treasurer as being responsible for corporate liquidity investments and risk management of an organisationrsquos financial activities However those umbrella terms conceal what can feel like an endless list of remits each gilded with their own unique pressures
And the scope of Treasury continues to expand Many professionals now view Treasury as a ldquovalue-adding service centrerdquo gaining far more prominence as a function than it has in previous years
Boards are placing more and more emphasis on treasury leaders to deliver insight and performance with a specific focus on the corporate strategy technology and automation
A typical working week for an enterprise treasurer can involve forecasting cashflow positions analysing related borrowing needs and identifying and releasing funds available for investment to meet ongoing operational and capital investment requirements And thatrsquos before the first coffee break of the morning
They use hedging to mitigate financial risks related to the interest rates on their organisationrsquos borrowings as well as on its foreign exchange positions They maintain banking and credit rating agency relationships arrange for equity financing and debt financing invest in various funds and oversee the extension of credit to customers After which time they might be able to contemplate lunch
One could be forgiven for thinking that this covers the bulk of responsibilities Sadly not
Treasurers must still monitor the activities of third parties handling outsourced treasury functions on behalf of the organisation advise management on the liquidity aspects of its short- and long-range planning and maintain a system of policies and procedures that impose an adequate level of control over treasury activities
Though the role is and always will be a demanding one technological advancements are providing solutions that consolidate automate and accelerate key treasury functions and therersquos a compelling argument that the time for them to be adopted is now
PWC 2019 Global Treasury Benchmarking Survey
Business of Treasury Survey 2019
wwwaccesspaycom
5
Treasury insights
UK businesses currently have access to a market-leading payments architecture The envy of the world it has been copied by numerous nations to improve their own payment structures
7 out of the top 10 treasury business challenges can be supported by fintech
AUTOMATION75 of treasurers say their
organisations are automating treasury functions to some
extent Its biggest impact will be the accuracy of information
managing cashflow across complex global operations and
effective risk management
FORECASTING 61 of treasurers
see a role for artificial intelligence in supporting
exposure forecasting
ACCESS TO DATA85 of treasurers cite lsquoquality
of financial and business data for strategic planning and decision makingrsquo as a
major internal concern
The top ten professional and business challenges for treasurers
wwwaccesspaycom
15
15
14
11
11
11
10
10
10
75 6185
9
RecruitmentstaffingHRworkload
Financial market volatility
Regulationcompliance
Liquidity management
Brexit
Geopolitical risks (none Brexit)
Forecastinglandscapingcash flow management
Automationtechnology
Risk Management
Funding availability
6
wwwaccesspaycom
In summary treasury teams are willing to use digital tools to their advantage They are recognising that technological advancements can be leveraged such as artificial intelligence robotic process automation (RPA) and data analytics to conduct critical tasks make decisions and reduce risk
CYBERSECURITY20 of treasurers
are extremely concerned about tech impact
on jobs and cybersecurity
FRAUD55 of treasurers
indicate they have an oversight role for
payment fraud risk in their organisation
20 55 They also know that technological affinity and business partnering with relevant FinTech and FinServe partners is key to helping resource and redefine existing roles with digitalisation playing a key part in this changersquo
Risk management
0 10050 7525
Capital and liquidity management
Corporate strategy
Treasury operations and controls
Technology including Automation (2019)
Pension management
Other
Topics reported to the board in past six months
Sources
PWC 2019 Global Treasury Benchmarking Survey
Business of Treasury Survey 2019
7
wwwaccesspaycom
The triggers for changeLinked to the growing role of treasury as a strategic business function and the increasing responsibility sitting across the team the point at which an organisation concedes its incumbent treasury processes require change depends on various factors
Typical triggers can include impending mergers and acquisitions significant changes to business process ERP implementation and upgrades and growth phases that intensify the range and level of responsibility with the evolving team
Compelling event
Nature of the challenge
Transformation projects
Support the changing needs and strategies
of the business enabling the finance and treasury function to support and create value
improve core processes and manage ongoing performance
Mergers and acquisitions
Migrating to a common set of systems across a new enterprise or figuring out
how to integrate different disparate and legacy systems post-deal
ERP implementation and upgrade
Installing new software moving financial
data configuring users and processes and training your users on the software
Banking relationship consolidation
Rationalisation of multiple
relationships enhancing control minimising risk and freeing up capital
Business expansion
Planned and carefully managed expansion versus sudden and involuntary expansion
pressurising people and systems
Business process change
Support business efficiencies by
cutting excess reducing costs and sharpening management Measured
using profitabilityROI
8
SEVEN identifiable reasons for change
For those treasurers and finance professionals within organisations who have thus far resisted taking the step towards digital financial transformation with deep bank integration allow us to present AccessPayrsquos top seven reasons for change
wwwaccesspaycom
Finance amp Treasury Reporting03
Finance amp Treasury System Consolidation04
Multi-bank Visibility05
Payments Automation06
ERP-to-Bank Integration02
Security Across Finance Operations07
Consolidation Expanding Banking Relationships 01
9
Ready to learn more
wwwaccesspaycom
Learn about AccessPayrsquos integrated solution for consolidating and expanding banking relationships
1 Consolidation Expanding Banking Relationships
Those tasked with managing an organisationrsquos banking environment are in an unenviable position Each bank has its own standards for payment files and their own file formats for financial messaging and statements This complexity is compounded further by the corporationrsquos own disjointed back-office infrastructures where payment file processing and approvals reconciliation and forecasting often take place
By consolidating and integrating bank account visibility and functionality with the corporate back-office infrastructure treasurers become freshly armed with a whole inventory of new value-adding capabilities They can quickly transform bank files orchestrate payments and cash management workflow between individual banks and back-office systems in one central platform and significantly reduce the manual dependency and risks associated with multi-bank finance and treasury operations
With little or often no IT development required file formats can be mapped from any bank and transformed into a data output format that can be consumed by their ERP TMS or back-office system They can then identify risks and fraudulent activity across the banking network with all files and transactions going through one platform
Without clear integration between banks and back-office systems finance and treasury teams are often forced to work within complex spreadsheets to manage daily positioning deliver forecasts and reconcile statements versus ledgers Teams with integration have reported time savings of over 80 and delivering mission-critical insights on cash and liquidity faster Adding additional banks or removing banks from the operating model is standardised via industry-leading platforms ensuring minimum disruption to teams and internal resources
LEARNMORELEARNMORE
10
LEARNMORE
Ready to learn more
wwwaccesspaycom
Learn about AccessPayrsquos integrated solution for complex ERP-to-Bank integration
2 ERP-to-Bank Integration
Designed to support a variety of business processes ERP systems are used by finance and treasury functions for accounts payable and accounts receivable for processing payroll and treasury payments for reconciliation as well as for monitoring predicting and managing cash across multiple locations and legal entities The primary purpose of an ERP system is to automate all of this allowing the treasurer to concentrate on driving growth for their organisation
However what good is an ERP system if itrsquos not integrated into your TMS CRM Accounting or Payroll system and more importantly connected to all your banks The task of having to manually upload data from multiple sources remains thereby defeating the purpose of having an ERP system in the first place ERP-to-Bank Integration is critical to achieving the automation which removes the need for these manual uploads
ERP and back-office to bank integration enables organisations to automate manual processes such as data entry and reconciliation Not only does this increase data accuracy and provide better insight but it also allows treasurers to reduce dependency on the internal workforce and manual coordination of efforts enabling a diversion of focus towards analysis and value-adding activity By integrating the ERP or back-office system with the organisationrsquos banks treasurers can also feed accounts payable and receivable data into the Corporate-to-Bank Integration platform and combine these with bank statement data generating meaningful reports for the organisation
A primary pain-point of not having access to an integrated process is that treasurers are forced to deal with varying file formats With each system requiring a different file import and the different banks releasing different types of file treasurers become burdened with the onerous task of navigating through this maze and charging IT teams with transforming data into legible files for upload
With the right Corporate-to-Bank Integration platform treasurers can end all of this by mapping any file format from any bank and transforming data output into a format that can be consumed by the ERP or back-office system With minimal or no IT development required dependency on IT teams is minimised as all transformation is completed by the file agnostic platform
11
Ready to learn more LEARNMORE
wwwaccesspaycomwwwaccesspaycom
3 Finance amp Treasury Reporting
The bedrock upon which any organisation can achieve growth objectives and invest in those areas deemed most important is effective cash management Manually reconciling finance and treasury reporting wastes precious time and canrsquot always be relied on to expose a truly accurate financial picture This is especially true when high-transaction volumes multiple bank accounts and various file formats are added to a melee that spans different time zones and geographically disparate teams
Using real-time data aggregated from bank accounts and transaction data finance and treasury reporting solutions act as a single source of truth for all treasury information Bespoke dashboards allow for analysis of cash liquidity and risk exposure across multiple countries currencies and legal entities delivering insight in real-time With enriched data and automated reports critical information is available when needed in the format needed allowing treasurers to make more informed decisions
Moving to automated processes across systems also reduces operational dependencies by scheduling and automating the retrieval of bank statements transaction data and custom and pre-built reports ndash all of which can be made available in readable and consumable format for you to glean more information out of and scrutinise Automating reconciliation facilitates the transformation of bank data from various formats making it easier to consume in ERP TMS and back-office systems whilst integration between banks and back office systems means better more accurate data for business planning with less chance of error
By removing human intervention internal and external compliance is improved and security risks are further reduced Data integrity is also maintained by managing access on-demand thereby ensuring data cannot be manipulated
When combined these functionalities mean finance and treasury teams are armed with the insights needed to sharpen decision making and invest more time on data analysis to help drive growth and value creation
Learn about AccessPayrsquos integrated solution for finance and treasury reporting
LEARNMORE
Ready to learn more
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for finance and treasury systems consolidation
4 Finance amp Treasury System Consolidation
Compounding the complexity of a treasurerrsquos role is maintaining visibility and control over disparate on-premise finance and treasury systems each with their own workflows and custom integrations to payment schemes and banks Itrsquos a plate-spinning act where should one drop itrsquos not porcelain that is damaged but potentially an organisationrsquos financial position
Consolidating these systems into an integration platform with connectors to multiple banks schemes and applications organisations can visualise payments and cash management workflows between back-office systems and banks in one place At any time they can also edit add or remove workflows in line with the demands of the organisation
By centralising access to all banks via one platform with one set of login credentials treasurers create role-based profiles and workflow and approval rules by functional purpose ensuring access is granted to users with the right level of authority Ideal for organisations with multiple subsidiaries Furthermore treasurers can enable secure file transfer between ERP Treasury Management System Payroll System or CRM with data encrypted in transit whilst maintaining an audit trail of all user actions across the finance and treasury operating model New banks are quickly added easily monitored and access managed through one centrally controlled platform with audit reports provided on all user actions for all payment processes
Connecting cloud ERP systems to payment schemes minimises manual payment processing and the associated risks Statement data is easily consumed from across the organisationrsquos
banking network and routes directly into the ERP or TMS for automated reconciliation By quickly and easily adding scheme bank and message rail connectors into the Corporate-to-Bank Integration platform the need for multiple applications for multiple payment schemes or rails is eliminated
Organisations that take the step to invest in ERP and Treasury Management Systems often do so as a result of significant business transformation and systems consolidation programmes In many such instances integrations with banks or schemes to achieve a truly streamlined and controlled finance operating model require custom file mapping and system development Choosing the right integration platform negates this requirement by enabling access to a suite of bank and scheme connectors that standardise data consumption for all systems in use across the organisation
12
Ready to learn more LEARNMORE
wwwaccesspaycom
5 Multi-bank Visibility
Itrsquos standard practice for organisations to possess multiple bank accounts It makes sound business sense but it also adds a range of complexities to an already difficult role The multi-bank visibility that Corporate-to-Bank integration provides lets treasurers assess their complete cash position at a glance and deliver real-time analytics and transaction management
Once implemented treasurers manage one platform with one username and password through which they view all their bank accounts in one place From this platform treasurers can securely access bank statements and cash position data from across their entire banking estate on one easily managed dashboard breaking down and viewing transactional level data in real-time
Remembering myriad usernames and passwords becomes more of a brain-ache when adding in the number of tokens and the responsibility of deciding who can access what bank account and which transactions and processes they can manage During growth phases itrsquos a brain-ache which takes on a whole new dimension when the inevitable grey areas are flagged up by auditors as a security and compliance issue By implementing segregation of duties and centralised control through one platform treasurers can overcome these challenges whilst securing the transmission of data through a network of secure and encrypted connectors
Full visibility is a powerful feature and treasurers can make it available to those who need it but itrsquos not a level of access all users require By assigning users to specific legal entities regions or individual business requirements Corporate-to-Bank integration facilitates
a workflow process that can be tailored to the needs of the organisation
Convenience visibility and security Yet therersquos more Treasurers are also able to end the manual task of pulling together daily cash reports that take up so much precious time Preparing daily cash positioning and funding activities through early morning number-crunching and out-of-hours data gathering has become the norm for many finance and treasury professionals working to strict deadlines The information is eventually gleaned but at the expense of redirecting resource away from more critical value-adding activity
Using intelligent platforms treasurers will instead be able to arrive in the morning with a report in their inbox outlining detailed global cash positions by bank currency region or legal entity The days of spending the first few hours of the day compiling spreadsheets from multiple sources will be over
Learn about AccessPayrsquos integrated solution for multi-bank visibility
13
14
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for payments automation
6 Payments Automation
Manual payment processing is inherently laden with risk Each transaction is one clumsy digit away from going horribly wrong Such errors do more than simply create an accounting headache though They lead to time-consuming rectifications security exposures and damage reputations
By automating non-value-added tasks ndash of which manual payment processing very much constitute ndash and replacing data entry across different systems such labour-intensive procedures and repetitive tasks are all but eliminated
However itrsquos not just about making payments faster and more accurate Leading solutions allow users such functionality as creating role-based profiles and workflows to ensure only the right people within teams can submit and approve payments Each feature enhances reporting budgeting and auditing and generates electronic trails that are far simpler to follow
To overcome the challenges that finance and treasury professionals face daily leading Corporate-to-Bank Integration platforms are designed to act as your one source of truth for all payments A single system for UK and International payments treasurers have one login and password for all payment and collections requirements Submissions validations and approvals all take place within a secure environment with files uploaded automatically using a suite of connectors that connect to the back-office bank and to all payment schemes and financial messaging rails
Although most organisations now have workflows and controls in place to manage their payments and collection process enforcing systematic segregation of duties is difficult when everyone is on different systems with varying levels of security Using an Corporate-to-Bank Integration
platform every part of the approvals process is controlled by the treasurer and their operations team Duties are segregated and visibility is provided by department and budgetary spend levels keeping everything in order Treasury operations decide who has access to what and when Users can be added and removed bank accounts changed and various departments created all with just a few clicks
With one single point of entry and the capability to track user behaviour exception management auditing and investigation times can be reduced to minutes greatly reducing the risk of employee error or theft For those requiring an additional layer of security and compliance leading-edge platforms offer PGP encryption of data and dynamic data masking giving treasurers the ability to limit sensitive data exposure by masking it to non-privileged users
LEARNMORE
Ready to learn more
15
wwwaccesspaycom
Corporate-to-Bank Integration platforms provide segregation between entities and work-streams They allow for separation of duties the ability to manage user access and to create workflow rules and role profiles for approval and submission of payments With one single point of entry and the capability to track user behaviour exception management auditing and investigation times are reduced from hours to minutes
A single centralised Corporate-to-Bank Integration platform can be used for all payments and cash visibility requirements One login one password no tokens no paper By consolidating all bank access and transaction management into one system treasurers can limit the requirement for individual bank portal access and reduce any security risk associated with logging into multiple banking portals
For those in the professional services industry where the organisationrsquos money must be segregated from the clientrsquos and held in separate bank accounts the ability to view these bank accounts and transactions side-by-side and across one platform is a formidable feature especially when reporting and reconciling external client money
Leading-edge Corporate-to-Bank Integration platforms boast bank-grade security and secure encryption of payments files ensure treasurers have confidence in the ability to shut out third-party breaches Going further proactive and pre-emptive flags highlight potentially fraudulent activity and erroneous transactions meaning treasurers receive alerts automated and sent in real-time thus allowing an action to be taken immediately or prevention of an event completely
7 Security Across Finance Operations
To prevent monetary loss and reputation damage finance and treasury professionals need to become proactive rather than reactive to reducing fraud and errors With different systems banks and an over-reliance on people itrsquos a responsibility than can feel overwhelming The answer lies in prevention detection and response to security threats and centralised control of the security of users systems and applications
With numerous data sources and multiple banking portals and back-office systems an ability to review user data is vital as is the ability to centrally control management of access across these systems
Ready to learn more Learn about AccessPayrsquos integrated solution for security across finance and treasury operations
LEARNMORE
16
Why Corporate-to-Bank Integration is key for your organisation
There comes a point with certain technologies that resistance to uptake no longer merely differentiates those that resist but handicaps them
The sheer scale of functionality capability speed and convenience that Corporate-to-Bank Integration platforms grant treasurers means that early adopters are beginning to pull away from those persisting with legacy manual processes
The role of a treasurer is complex but today professionals can choose how complex it needs to be Corporate-to-Bank Integration platforms simplify the complicated with streamlined bank connectivity and integration between finance and treasury back-office systems thus improving payments and cash management operations across the organisation
Improve visibility of funds Allocation of funding is improved allowing for optimal deployment of funding globally across the organisation minimising credit usage and optimising cash potential With centralised liquidity management intercompany transactions can be managed with ease unexpected activity can be identified and understood and liquidity can be proactively managed Banks can be added removed and consolidated easily across the centralised platform and access to real-time multi-bank visibility is granted allowing for quick assessments of cash positions with real-time analytics and transaction management
wwwaccesspaycom
17
Proactive risk management The platforms also allow for truly proactive risk management with security maintained by implementing tight control and rigorous compliance measures It means robust regulatory compliance internal governance and user privilege management together with easy payment and cash management workflow orchestration Security is boosted and fraud prevented as payments flow from back-office systems to beneficiary banks with the centralised platform providing single access for all payments and cash visibility requirements
Improve efficiency For many the real benefit of Corporate-to-Bank Integration platforms is the way they improve efficiency across finance and treasury Automation of non-value-added labour intensive and repetitive tasks reduces dependency on the internal workforce and can even remove the requirement for human intervention in certain cases The smooth integration and connectivity of sophisticated platforms mean UK and international banks are easily connected with multiple back-office systems enabling unhindered data flow And at any time as is required enriched data and automated reports are available in whichever format is preferred which enables treasurers to make better more informed decisions
wwwaccesspaycom
For the early adopters of Corporate-to-Bank Integration platforms the technology isnrsquot just changing job roles itrsquos transforming how the organisation can operate in a fast-moving and increasingly demanding digital age
Who does AccessPay work with
International +44 (0)161 885 0661
UK 03300 298 520
wwwaccesspaycom
18
Can I see an Corporate-to-Bank
Integration Platform in action
Book a demo today to see how the AccessPay Corporate-to-Bank Integration Platform can help you transform finance and
treasury operations through better connectivity
Delivering critical cash management insights
95 faster for ITV
ldquoWith AccessPay you log in and you know exactly how much cash you have around the group We were
able to see not just payments that have been made but also receive confirmations back from the bank
Itrsquos made managing our cash a much more joined-up process Itrsquos
really easy to use and itrsquos really made a difference for usrdquo
Karen FaganHead of Treasury Operations ITV
READ FULL STORY
5
Treasury insights
UK businesses currently have access to a market-leading payments architecture The envy of the world it has been copied by numerous nations to improve their own payment structures
7 out of the top 10 treasury business challenges can be supported by fintech
AUTOMATION75 of treasurers say their
organisations are automating treasury functions to some
extent Its biggest impact will be the accuracy of information
managing cashflow across complex global operations and
effective risk management
FORECASTING 61 of treasurers
see a role for artificial intelligence in supporting
exposure forecasting
ACCESS TO DATA85 of treasurers cite lsquoquality
of financial and business data for strategic planning and decision makingrsquo as a
major internal concern
The top ten professional and business challenges for treasurers
wwwaccesspaycom
15
15
14
11
11
11
10
10
10
75 6185
9
RecruitmentstaffingHRworkload
Financial market volatility
Regulationcompliance
Liquidity management
Brexit
Geopolitical risks (none Brexit)
Forecastinglandscapingcash flow management
Automationtechnology
Risk Management
Funding availability
6
wwwaccesspaycom
In summary treasury teams are willing to use digital tools to their advantage They are recognising that technological advancements can be leveraged such as artificial intelligence robotic process automation (RPA) and data analytics to conduct critical tasks make decisions and reduce risk
CYBERSECURITY20 of treasurers
are extremely concerned about tech impact
on jobs and cybersecurity
FRAUD55 of treasurers
indicate they have an oversight role for
payment fraud risk in their organisation
20 55 They also know that technological affinity and business partnering with relevant FinTech and FinServe partners is key to helping resource and redefine existing roles with digitalisation playing a key part in this changersquo
Risk management
0 10050 7525
Capital and liquidity management
Corporate strategy
Treasury operations and controls
Technology including Automation (2019)
Pension management
Other
Topics reported to the board in past six months
Sources
PWC 2019 Global Treasury Benchmarking Survey
Business of Treasury Survey 2019
7
wwwaccesspaycom
The triggers for changeLinked to the growing role of treasury as a strategic business function and the increasing responsibility sitting across the team the point at which an organisation concedes its incumbent treasury processes require change depends on various factors
Typical triggers can include impending mergers and acquisitions significant changes to business process ERP implementation and upgrades and growth phases that intensify the range and level of responsibility with the evolving team
Compelling event
Nature of the challenge
Transformation projects
Support the changing needs and strategies
of the business enabling the finance and treasury function to support and create value
improve core processes and manage ongoing performance
Mergers and acquisitions
Migrating to a common set of systems across a new enterprise or figuring out
how to integrate different disparate and legacy systems post-deal
ERP implementation and upgrade
Installing new software moving financial
data configuring users and processes and training your users on the software
Banking relationship consolidation
Rationalisation of multiple
relationships enhancing control minimising risk and freeing up capital
Business expansion
Planned and carefully managed expansion versus sudden and involuntary expansion
pressurising people and systems
Business process change
Support business efficiencies by
cutting excess reducing costs and sharpening management Measured
using profitabilityROI
8
SEVEN identifiable reasons for change
For those treasurers and finance professionals within organisations who have thus far resisted taking the step towards digital financial transformation with deep bank integration allow us to present AccessPayrsquos top seven reasons for change
wwwaccesspaycom
Finance amp Treasury Reporting03
Finance amp Treasury System Consolidation04
Multi-bank Visibility05
Payments Automation06
ERP-to-Bank Integration02
Security Across Finance Operations07
Consolidation Expanding Banking Relationships 01
9
Ready to learn more
wwwaccesspaycom
Learn about AccessPayrsquos integrated solution for consolidating and expanding banking relationships
1 Consolidation Expanding Banking Relationships
Those tasked with managing an organisationrsquos banking environment are in an unenviable position Each bank has its own standards for payment files and their own file formats for financial messaging and statements This complexity is compounded further by the corporationrsquos own disjointed back-office infrastructures where payment file processing and approvals reconciliation and forecasting often take place
By consolidating and integrating bank account visibility and functionality with the corporate back-office infrastructure treasurers become freshly armed with a whole inventory of new value-adding capabilities They can quickly transform bank files orchestrate payments and cash management workflow between individual banks and back-office systems in one central platform and significantly reduce the manual dependency and risks associated with multi-bank finance and treasury operations
With little or often no IT development required file formats can be mapped from any bank and transformed into a data output format that can be consumed by their ERP TMS or back-office system They can then identify risks and fraudulent activity across the banking network with all files and transactions going through one platform
Without clear integration between banks and back-office systems finance and treasury teams are often forced to work within complex spreadsheets to manage daily positioning deliver forecasts and reconcile statements versus ledgers Teams with integration have reported time savings of over 80 and delivering mission-critical insights on cash and liquidity faster Adding additional banks or removing banks from the operating model is standardised via industry-leading platforms ensuring minimum disruption to teams and internal resources
LEARNMORELEARNMORE
10
LEARNMORE
Ready to learn more
wwwaccesspaycom
Learn about AccessPayrsquos integrated solution for complex ERP-to-Bank integration
2 ERP-to-Bank Integration
Designed to support a variety of business processes ERP systems are used by finance and treasury functions for accounts payable and accounts receivable for processing payroll and treasury payments for reconciliation as well as for monitoring predicting and managing cash across multiple locations and legal entities The primary purpose of an ERP system is to automate all of this allowing the treasurer to concentrate on driving growth for their organisation
However what good is an ERP system if itrsquos not integrated into your TMS CRM Accounting or Payroll system and more importantly connected to all your banks The task of having to manually upload data from multiple sources remains thereby defeating the purpose of having an ERP system in the first place ERP-to-Bank Integration is critical to achieving the automation which removes the need for these manual uploads
ERP and back-office to bank integration enables organisations to automate manual processes such as data entry and reconciliation Not only does this increase data accuracy and provide better insight but it also allows treasurers to reduce dependency on the internal workforce and manual coordination of efforts enabling a diversion of focus towards analysis and value-adding activity By integrating the ERP or back-office system with the organisationrsquos banks treasurers can also feed accounts payable and receivable data into the Corporate-to-Bank Integration platform and combine these with bank statement data generating meaningful reports for the organisation
A primary pain-point of not having access to an integrated process is that treasurers are forced to deal with varying file formats With each system requiring a different file import and the different banks releasing different types of file treasurers become burdened with the onerous task of navigating through this maze and charging IT teams with transforming data into legible files for upload
With the right Corporate-to-Bank Integration platform treasurers can end all of this by mapping any file format from any bank and transforming data output into a format that can be consumed by the ERP or back-office system With minimal or no IT development required dependency on IT teams is minimised as all transformation is completed by the file agnostic platform
11
Ready to learn more LEARNMORE
wwwaccesspaycomwwwaccesspaycom
3 Finance amp Treasury Reporting
The bedrock upon which any organisation can achieve growth objectives and invest in those areas deemed most important is effective cash management Manually reconciling finance and treasury reporting wastes precious time and canrsquot always be relied on to expose a truly accurate financial picture This is especially true when high-transaction volumes multiple bank accounts and various file formats are added to a melee that spans different time zones and geographically disparate teams
Using real-time data aggregated from bank accounts and transaction data finance and treasury reporting solutions act as a single source of truth for all treasury information Bespoke dashboards allow for analysis of cash liquidity and risk exposure across multiple countries currencies and legal entities delivering insight in real-time With enriched data and automated reports critical information is available when needed in the format needed allowing treasurers to make more informed decisions
Moving to automated processes across systems also reduces operational dependencies by scheduling and automating the retrieval of bank statements transaction data and custom and pre-built reports ndash all of which can be made available in readable and consumable format for you to glean more information out of and scrutinise Automating reconciliation facilitates the transformation of bank data from various formats making it easier to consume in ERP TMS and back-office systems whilst integration between banks and back office systems means better more accurate data for business planning with less chance of error
By removing human intervention internal and external compliance is improved and security risks are further reduced Data integrity is also maintained by managing access on-demand thereby ensuring data cannot be manipulated
When combined these functionalities mean finance and treasury teams are armed with the insights needed to sharpen decision making and invest more time on data analysis to help drive growth and value creation
Learn about AccessPayrsquos integrated solution for finance and treasury reporting
LEARNMORE
Ready to learn more
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for finance and treasury systems consolidation
4 Finance amp Treasury System Consolidation
Compounding the complexity of a treasurerrsquos role is maintaining visibility and control over disparate on-premise finance and treasury systems each with their own workflows and custom integrations to payment schemes and banks Itrsquos a plate-spinning act where should one drop itrsquos not porcelain that is damaged but potentially an organisationrsquos financial position
Consolidating these systems into an integration platform with connectors to multiple banks schemes and applications organisations can visualise payments and cash management workflows between back-office systems and banks in one place At any time they can also edit add or remove workflows in line with the demands of the organisation
By centralising access to all banks via one platform with one set of login credentials treasurers create role-based profiles and workflow and approval rules by functional purpose ensuring access is granted to users with the right level of authority Ideal for organisations with multiple subsidiaries Furthermore treasurers can enable secure file transfer between ERP Treasury Management System Payroll System or CRM with data encrypted in transit whilst maintaining an audit trail of all user actions across the finance and treasury operating model New banks are quickly added easily monitored and access managed through one centrally controlled platform with audit reports provided on all user actions for all payment processes
Connecting cloud ERP systems to payment schemes minimises manual payment processing and the associated risks Statement data is easily consumed from across the organisationrsquos
banking network and routes directly into the ERP or TMS for automated reconciliation By quickly and easily adding scheme bank and message rail connectors into the Corporate-to-Bank Integration platform the need for multiple applications for multiple payment schemes or rails is eliminated
Organisations that take the step to invest in ERP and Treasury Management Systems often do so as a result of significant business transformation and systems consolidation programmes In many such instances integrations with banks or schemes to achieve a truly streamlined and controlled finance operating model require custom file mapping and system development Choosing the right integration platform negates this requirement by enabling access to a suite of bank and scheme connectors that standardise data consumption for all systems in use across the organisation
12
Ready to learn more LEARNMORE
wwwaccesspaycom
5 Multi-bank Visibility
Itrsquos standard practice for organisations to possess multiple bank accounts It makes sound business sense but it also adds a range of complexities to an already difficult role The multi-bank visibility that Corporate-to-Bank integration provides lets treasurers assess their complete cash position at a glance and deliver real-time analytics and transaction management
Once implemented treasurers manage one platform with one username and password through which they view all their bank accounts in one place From this platform treasurers can securely access bank statements and cash position data from across their entire banking estate on one easily managed dashboard breaking down and viewing transactional level data in real-time
Remembering myriad usernames and passwords becomes more of a brain-ache when adding in the number of tokens and the responsibility of deciding who can access what bank account and which transactions and processes they can manage During growth phases itrsquos a brain-ache which takes on a whole new dimension when the inevitable grey areas are flagged up by auditors as a security and compliance issue By implementing segregation of duties and centralised control through one platform treasurers can overcome these challenges whilst securing the transmission of data through a network of secure and encrypted connectors
Full visibility is a powerful feature and treasurers can make it available to those who need it but itrsquos not a level of access all users require By assigning users to specific legal entities regions or individual business requirements Corporate-to-Bank integration facilitates
a workflow process that can be tailored to the needs of the organisation
Convenience visibility and security Yet therersquos more Treasurers are also able to end the manual task of pulling together daily cash reports that take up so much precious time Preparing daily cash positioning and funding activities through early morning number-crunching and out-of-hours data gathering has become the norm for many finance and treasury professionals working to strict deadlines The information is eventually gleaned but at the expense of redirecting resource away from more critical value-adding activity
Using intelligent platforms treasurers will instead be able to arrive in the morning with a report in their inbox outlining detailed global cash positions by bank currency region or legal entity The days of spending the first few hours of the day compiling spreadsheets from multiple sources will be over
Learn about AccessPayrsquos integrated solution for multi-bank visibility
13
14
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for payments automation
6 Payments Automation
Manual payment processing is inherently laden with risk Each transaction is one clumsy digit away from going horribly wrong Such errors do more than simply create an accounting headache though They lead to time-consuming rectifications security exposures and damage reputations
By automating non-value-added tasks ndash of which manual payment processing very much constitute ndash and replacing data entry across different systems such labour-intensive procedures and repetitive tasks are all but eliminated
However itrsquos not just about making payments faster and more accurate Leading solutions allow users such functionality as creating role-based profiles and workflows to ensure only the right people within teams can submit and approve payments Each feature enhances reporting budgeting and auditing and generates electronic trails that are far simpler to follow
To overcome the challenges that finance and treasury professionals face daily leading Corporate-to-Bank Integration platforms are designed to act as your one source of truth for all payments A single system for UK and International payments treasurers have one login and password for all payment and collections requirements Submissions validations and approvals all take place within a secure environment with files uploaded automatically using a suite of connectors that connect to the back-office bank and to all payment schemes and financial messaging rails
Although most organisations now have workflows and controls in place to manage their payments and collection process enforcing systematic segregation of duties is difficult when everyone is on different systems with varying levels of security Using an Corporate-to-Bank Integration
platform every part of the approvals process is controlled by the treasurer and their operations team Duties are segregated and visibility is provided by department and budgetary spend levels keeping everything in order Treasury operations decide who has access to what and when Users can be added and removed bank accounts changed and various departments created all with just a few clicks
With one single point of entry and the capability to track user behaviour exception management auditing and investigation times can be reduced to minutes greatly reducing the risk of employee error or theft For those requiring an additional layer of security and compliance leading-edge platforms offer PGP encryption of data and dynamic data masking giving treasurers the ability to limit sensitive data exposure by masking it to non-privileged users
LEARNMORE
Ready to learn more
15
wwwaccesspaycom
Corporate-to-Bank Integration platforms provide segregation between entities and work-streams They allow for separation of duties the ability to manage user access and to create workflow rules and role profiles for approval and submission of payments With one single point of entry and the capability to track user behaviour exception management auditing and investigation times are reduced from hours to minutes
A single centralised Corporate-to-Bank Integration platform can be used for all payments and cash visibility requirements One login one password no tokens no paper By consolidating all bank access and transaction management into one system treasurers can limit the requirement for individual bank portal access and reduce any security risk associated with logging into multiple banking portals
For those in the professional services industry where the organisationrsquos money must be segregated from the clientrsquos and held in separate bank accounts the ability to view these bank accounts and transactions side-by-side and across one platform is a formidable feature especially when reporting and reconciling external client money
Leading-edge Corporate-to-Bank Integration platforms boast bank-grade security and secure encryption of payments files ensure treasurers have confidence in the ability to shut out third-party breaches Going further proactive and pre-emptive flags highlight potentially fraudulent activity and erroneous transactions meaning treasurers receive alerts automated and sent in real-time thus allowing an action to be taken immediately or prevention of an event completely
7 Security Across Finance Operations
To prevent monetary loss and reputation damage finance and treasury professionals need to become proactive rather than reactive to reducing fraud and errors With different systems banks and an over-reliance on people itrsquos a responsibility than can feel overwhelming The answer lies in prevention detection and response to security threats and centralised control of the security of users systems and applications
With numerous data sources and multiple banking portals and back-office systems an ability to review user data is vital as is the ability to centrally control management of access across these systems
Ready to learn more Learn about AccessPayrsquos integrated solution for security across finance and treasury operations
LEARNMORE
16
Why Corporate-to-Bank Integration is key for your organisation
There comes a point with certain technologies that resistance to uptake no longer merely differentiates those that resist but handicaps them
The sheer scale of functionality capability speed and convenience that Corporate-to-Bank Integration platforms grant treasurers means that early adopters are beginning to pull away from those persisting with legacy manual processes
The role of a treasurer is complex but today professionals can choose how complex it needs to be Corporate-to-Bank Integration platforms simplify the complicated with streamlined bank connectivity and integration between finance and treasury back-office systems thus improving payments and cash management operations across the organisation
Improve visibility of funds Allocation of funding is improved allowing for optimal deployment of funding globally across the organisation minimising credit usage and optimising cash potential With centralised liquidity management intercompany transactions can be managed with ease unexpected activity can be identified and understood and liquidity can be proactively managed Banks can be added removed and consolidated easily across the centralised platform and access to real-time multi-bank visibility is granted allowing for quick assessments of cash positions with real-time analytics and transaction management
wwwaccesspaycom
17
Proactive risk management The platforms also allow for truly proactive risk management with security maintained by implementing tight control and rigorous compliance measures It means robust regulatory compliance internal governance and user privilege management together with easy payment and cash management workflow orchestration Security is boosted and fraud prevented as payments flow from back-office systems to beneficiary banks with the centralised platform providing single access for all payments and cash visibility requirements
Improve efficiency For many the real benefit of Corporate-to-Bank Integration platforms is the way they improve efficiency across finance and treasury Automation of non-value-added labour intensive and repetitive tasks reduces dependency on the internal workforce and can even remove the requirement for human intervention in certain cases The smooth integration and connectivity of sophisticated platforms mean UK and international banks are easily connected with multiple back-office systems enabling unhindered data flow And at any time as is required enriched data and automated reports are available in whichever format is preferred which enables treasurers to make better more informed decisions
wwwaccesspaycom
For the early adopters of Corporate-to-Bank Integration platforms the technology isnrsquot just changing job roles itrsquos transforming how the organisation can operate in a fast-moving and increasingly demanding digital age
Who does AccessPay work with
International +44 (0)161 885 0661
UK 03300 298 520
wwwaccesspaycom
18
Can I see an Corporate-to-Bank
Integration Platform in action
Book a demo today to see how the AccessPay Corporate-to-Bank Integration Platform can help you transform finance and
treasury operations through better connectivity
Delivering critical cash management insights
95 faster for ITV
ldquoWith AccessPay you log in and you know exactly how much cash you have around the group We were
able to see not just payments that have been made but also receive confirmations back from the bank
Itrsquos made managing our cash a much more joined-up process Itrsquos
really easy to use and itrsquos really made a difference for usrdquo
Karen FaganHead of Treasury Operations ITV
READ FULL STORY
6
wwwaccesspaycom
In summary treasury teams are willing to use digital tools to their advantage They are recognising that technological advancements can be leveraged such as artificial intelligence robotic process automation (RPA) and data analytics to conduct critical tasks make decisions and reduce risk
CYBERSECURITY20 of treasurers
are extremely concerned about tech impact
on jobs and cybersecurity
FRAUD55 of treasurers
indicate they have an oversight role for
payment fraud risk in their organisation
20 55 They also know that technological affinity and business partnering with relevant FinTech and FinServe partners is key to helping resource and redefine existing roles with digitalisation playing a key part in this changersquo
Risk management
0 10050 7525
Capital and liquidity management
Corporate strategy
Treasury operations and controls
Technology including Automation (2019)
Pension management
Other
Topics reported to the board in past six months
Sources
PWC 2019 Global Treasury Benchmarking Survey
Business of Treasury Survey 2019
7
wwwaccesspaycom
The triggers for changeLinked to the growing role of treasury as a strategic business function and the increasing responsibility sitting across the team the point at which an organisation concedes its incumbent treasury processes require change depends on various factors
Typical triggers can include impending mergers and acquisitions significant changes to business process ERP implementation and upgrades and growth phases that intensify the range and level of responsibility with the evolving team
Compelling event
Nature of the challenge
Transformation projects
Support the changing needs and strategies
of the business enabling the finance and treasury function to support and create value
improve core processes and manage ongoing performance
Mergers and acquisitions
Migrating to a common set of systems across a new enterprise or figuring out
how to integrate different disparate and legacy systems post-deal
ERP implementation and upgrade
Installing new software moving financial
data configuring users and processes and training your users on the software
Banking relationship consolidation
Rationalisation of multiple
relationships enhancing control minimising risk and freeing up capital
Business expansion
Planned and carefully managed expansion versus sudden and involuntary expansion
pressurising people and systems
Business process change
Support business efficiencies by
cutting excess reducing costs and sharpening management Measured
using profitabilityROI
8
SEVEN identifiable reasons for change
For those treasurers and finance professionals within organisations who have thus far resisted taking the step towards digital financial transformation with deep bank integration allow us to present AccessPayrsquos top seven reasons for change
wwwaccesspaycom
Finance amp Treasury Reporting03
Finance amp Treasury System Consolidation04
Multi-bank Visibility05
Payments Automation06
ERP-to-Bank Integration02
Security Across Finance Operations07
Consolidation Expanding Banking Relationships 01
9
Ready to learn more
wwwaccesspaycom
Learn about AccessPayrsquos integrated solution for consolidating and expanding banking relationships
1 Consolidation Expanding Banking Relationships
Those tasked with managing an organisationrsquos banking environment are in an unenviable position Each bank has its own standards for payment files and their own file formats for financial messaging and statements This complexity is compounded further by the corporationrsquos own disjointed back-office infrastructures where payment file processing and approvals reconciliation and forecasting often take place
By consolidating and integrating bank account visibility and functionality with the corporate back-office infrastructure treasurers become freshly armed with a whole inventory of new value-adding capabilities They can quickly transform bank files orchestrate payments and cash management workflow between individual banks and back-office systems in one central platform and significantly reduce the manual dependency and risks associated with multi-bank finance and treasury operations
With little or often no IT development required file formats can be mapped from any bank and transformed into a data output format that can be consumed by their ERP TMS or back-office system They can then identify risks and fraudulent activity across the banking network with all files and transactions going through one platform
Without clear integration between banks and back-office systems finance and treasury teams are often forced to work within complex spreadsheets to manage daily positioning deliver forecasts and reconcile statements versus ledgers Teams with integration have reported time savings of over 80 and delivering mission-critical insights on cash and liquidity faster Adding additional banks or removing banks from the operating model is standardised via industry-leading platforms ensuring minimum disruption to teams and internal resources
LEARNMORELEARNMORE
10
LEARNMORE
Ready to learn more
wwwaccesspaycom
Learn about AccessPayrsquos integrated solution for complex ERP-to-Bank integration
2 ERP-to-Bank Integration
Designed to support a variety of business processes ERP systems are used by finance and treasury functions for accounts payable and accounts receivable for processing payroll and treasury payments for reconciliation as well as for monitoring predicting and managing cash across multiple locations and legal entities The primary purpose of an ERP system is to automate all of this allowing the treasurer to concentrate on driving growth for their organisation
However what good is an ERP system if itrsquos not integrated into your TMS CRM Accounting or Payroll system and more importantly connected to all your banks The task of having to manually upload data from multiple sources remains thereby defeating the purpose of having an ERP system in the first place ERP-to-Bank Integration is critical to achieving the automation which removes the need for these manual uploads
ERP and back-office to bank integration enables organisations to automate manual processes such as data entry and reconciliation Not only does this increase data accuracy and provide better insight but it also allows treasurers to reduce dependency on the internal workforce and manual coordination of efforts enabling a diversion of focus towards analysis and value-adding activity By integrating the ERP or back-office system with the organisationrsquos banks treasurers can also feed accounts payable and receivable data into the Corporate-to-Bank Integration platform and combine these with bank statement data generating meaningful reports for the organisation
A primary pain-point of not having access to an integrated process is that treasurers are forced to deal with varying file formats With each system requiring a different file import and the different banks releasing different types of file treasurers become burdened with the onerous task of navigating through this maze and charging IT teams with transforming data into legible files for upload
With the right Corporate-to-Bank Integration platform treasurers can end all of this by mapping any file format from any bank and transforming data output into a format that can be consumed by the ERP or back-office system With minimal or no IT development required dependency on IT teams is minimised as all transformation is completed by the file agnostic platform
11
Ready to learn more LEARNMORE
wwwaccesspaycomwwwaccesspaycom
3 Finance amp Treasury Reporting
The bedrock upon which any organisation can achieve growth objectives and invest in those areas deemed most important is effective cash management Manually reconciling finance and treasury reporting wastes precious time and canrsquot always be relied on to expose a truly accurate financial picture This is especially true when high-transaction volumes multiple bank accounts and various file formats are added to a melee that spans different time zones and geographically disparate teams
Using real-time data aggregated from bank accounts and transaction data finance and treasury reporting solutions act as a single source of truth for all treasury information Bespoke dashboards allow for analysis of cash liquidity and risk exposure across multiple countries currencies and legal entities delivering insight in real-time With enriched data and automated reports critical information is available when needed in the format needed allowing treasurers to make more informed decisions
Moving to automated processes across systems also reduces operational dependencies by scheduling and automating the retrieval of bank statements transaction data and custom and pre-built reports ndash all of which can be made available in readable and consumable format for you to glean more information out of and scrutinise Automating reconciliation facilitates the transformation of bank data from various formats making it easier to consume in ERP TMS and back-office systems whilst integration between banks and back office systems means better more accurate data for business planning with less chance of error
By removing human intervention internal and external compliance is improved and security risks are further reduced Data integrity is also maintained by managing access on-demand thereby ensuring data cannot be manipulated
When combined these functionalities mean finance and treasury teams are armed with the insights needed to sharpen decision making and invest more time on data analysis to help drive growth and value creation
Learn about AccessPayrsquos integrated solution for finance and treasury reporting
LEARNMORE
Ready to learn more
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for finance and treasury systems consolidation
4 Finance amp Treasury System Consolidation
Compounding the complexity of a treasurerrsquos role is maintaining visibility and control over disparate on-premise finance and treasury systems each with their own workflows and custom integrations to payment schemes and banks Itrsquos a plate-spinning act where should one drop itrsquos not porcelain that is damaged but potentially an organisationrsquos financial position
Consolidating these systems into an integration platform with connectors to multiple banks schemes and applications organisations can visualise payments and cash management workflows between back-office systems and banks in one place At any time they can also edit add or remove workflows in line with the demands of the organisation
By centralising access to all banks via one platform with one set of login credentials treasurers create role-based profiles and workflow and approval rules by functional purpose ensuring access is granted to users with the right level of authority Ideal for organisations with multiple subsidiaries Furthermore treasurers can enable secure file transfer between ERP Treasury Management System Payroll System or CRM with data encrypted in transit whilst maintaining an audit trail of all user actions across the finance and treasury operating model New banks are quickly added easily monitored and access managed through one centrally controlled platform with audit reports provided on all user actions for all payment processes
Connecting cloud ERP systems to payment schemes minimises manual payment processing and the associated risks Statement data is easily consumed from across the organisationrsquos
banking network and routes directly into the ERP or TMS for automated reconciliation By quickly and easily adding scheme bank and message rail connectors into the Corporate-to-Bank Integration platform the need for multiple applications for multiple payment schemes or rails is eliminated
Organisations that take the step to invest in ERP and Treasury Management Systems often do so as a result of significant business transformation and systems consolidation programmes In many such instances integrations with banks or schemes to achieve a truly streamlined and controlled finance operating model require custom file mapping and system development Choosing the right integration platform negates this requirement by enabling access to a suite of bank and scheme connectors that standardise data consumption for all systems in use across the organisation
12
Ready to learn more LEARNMORE
wwwaccesspaycom
5 Multi-bank Visibility
Itrsquos standard practice for organisations to possess multiple bank accounts It makes sound business sense but it also adds a range of complexities to an already difficult role The multi-bank visibility that Corporate-to-Bank integration provides lets treasurers assess their complete cash position at a glance and deliver real-time analytics and transaction management
Once implemented treasurers manage one platform with one username and password through which they view all their bank accounts in one place From this platform treasurers can securely access bank statements and cash position data from across their entire banking estate on one easily managed dashboard breaking down and viewing transactional level data in real-time
Remembering myriad usernames and passwords becomes more of a brain-ache when adding in the number of tokens and the responsibility of deciding who can access what bank account and which transactions and processes they can manage During growth phases itrsquos a brain-ache which takes on a whole new dimension when the inevitable grey areas are flagged up by auditors as a security and compliance issue By implementing segregation of duties and centralised control through one platform treasurers can overcome these challenges whilst securing the transmission of data through a network of secure and encrypted connectors
Full visibility is a powerful feature and treasurers can make it available to those who need it but itrsquos not a level of access all users require By assigning users to specific legal entities regions or individual business requirements Corporate-to-Bank integration facilitates
a workflow process that can be tailored to the needs of the organisation
Convenience visibility and security Yet therersquos more Treasurers are also able to end the manual task of pulling together daily cash reports that take up so much precious time Preparing daily cash positioning and funding activities through early morning number-crunching and out-of-hours data gathering has become the norm for many finance and treasury professionals working to strict deadlines The information is eventually gleaned but at the expense of redirecting resource away from more critical value-adding activity
Using intelligent platforms treasurers will instead be able to arrive in the morning with a report in their inbox outlining detailed global cash positions by bank currency region or legal entity The days of spending the first few hours of the day compiling spreadsheets from multiple sources will be over
Learn about AccessPayrsquos integrated solution for multi-bank visibility
13
14
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for payments automation
6 Payments Automation
Manual payment processing is inherently laden with risk Each transaction is one clumsy digit away from going horribly wrong Such errors do more than simply create an accounting headache though They lead to time-consuming rectifications security exposures and damage reputations
By automating non-value-added tasks ndash of which manual payment processing very much constitute ndash and replacing data entry across different systems such labour-intensive procedures and repetitive tasks are all but eliminated
However itrsquos not just about making payments faster and more accurate Leading solutions allow users such functionality as creating role-based profiles and workflows to ensure only the right people within teams can submit and approve payments Each feature enhances reporting budgeting and auditing and generates electronic trails that are far simpler to follow
To overcome the challenges that finance and treasury professionals face daily leading Corporate-to-Bank Integration platforms are designed to act as your one source of truth for all payments A single system for UK and International payments treasurers have one login and password for all payment and collections requirements Submissions validations and approvals all take place within a secure environment with files uploaded automatically using a suite of connectors that connect to the back-office bank and to all payment schemes and financial messaging rails
Although most organisations now have workflows and controls in place to manage their payments and collection process enforcing systematic segregation of duties is difficult when everyone is on different systems with varying levels of security Using an Corporate-to-Bank Integration
platform every part of the approvals process is controlled by the treasurer and their operations team Duties are segregated and visibility is provided by department and budgetary spend levels keeping everything in order Treasury operations decide who has access to what and when Users can be added and removed bank accounts changed and various departments created all with just a few clicks
With one single point of entry and the capability to track user behaviour exception management auditing and investigation times can be reduced to minutes greatly reducing the risk of employee error or theft For those requiring an additional layer of security and compliance leading-edge platforms offer PGP encryption of data and dynamic data masking giving treasurers the ability to limit sensitive data exposure by masking it to non-privileged users
LEARNMORE
Ready to learn more
15
wwwaccesspaycom
Corporate-to-Bank Integration platforms provide segregation between entities and work-streams They allow for separation of duties the ability to manage user access and to create workflow rules and role profiles for approval and submission of payments With one single point of entry and the capability to track user behaviour exception management auditing and investigation times are reduced from hours to minutes
A single centralised Corporate-to-Bank Integration platform can be used for all payments and cash visibility requirements One login one password no tokens no paper By consolidating all bank access and transaction management into one system treasurers can limit the requirement for individual bank portal access and reduce any security risk associated with logging into multiple banking portals
For those in the professional services industry where the organisationrsquos money must be segregated from the clientrsquos and held in separate bank accounts the ability to view these bank accounts and transactions side-by-side and across one platform is a formidable feature especially when reporting and reconciling external client money
Leading-edge Corporate-to-Bank Integration platforms boast bank-grade security and secure encryption of payments files ensure treasurers have confidence in the ability to shut out third-party breaches Going further proactive and pre-emptive flags highlight potentially fraudulent activity and erroneous transactions meaning treasurers receive alerts automated and sent in real-time thus allowing an action to be taken immediately or prevention of an event completely
7 Security Across Finance Operations
To prevent monetary loss and reputation damage finance and treasury professionals need to become proactive rather than reactive to reducing fraud and errors With different systems banks and an over-reliance on people itrsquos a responsibility than can feel overwhelming The answer lies in prevention detection and response to security threats and centralised control of the security of users systems and applications
With numerous data sources and multiple banking portals and back-office systems an ability to review user data is vital as is the ability to centrally control management of access across these systems
Ready to learn more Learn about AccessPayrsquos integrated solution for security across finance and treasury operations
LEARNMORE
16
Why Corporate-to-Bank Integration is key for your organisation
There comes a point with certain technologies that resistance to uptake no longer merely differentiates those that resist but handicaps them
The sheer scale of functionality capability speed and convenience that Corporate-to-Bank Integration platforms grant treasurers means that early adopters are beginning to pull away from those persisting with legacy manual processes
The role of a treasurer is complex but today professionals can choose how complex it needs to be Corporate-to-Bank Integration platforms simplify the complicated with streamlined bank connectivity and integration between finance and treasury back-office systems thus improving payments and cash management operations across the organisation
Improve visibility of funds Allocation of funding is improved allowing for optimal deployment of funding globally across the organisation minimising credit usage and optimising cash potential With centralised liquidity management intercompany transactions can be managed with ease unexpected activity can be identified and understood and liquidity can be proactively managed Banks can be added removed and consolidated easily across the centralised platform and access to real-time multi-bank visibility is granted allowing for quick assessments of cash positions with real-time analytics and transaction management
wwwaccesspaycom
17
Proactive risk management The platforms also allow for truly proactive risk management with security maintained by implementing tight control and rigorous compliance measures It means robust regulatory compliance internal governance and user privilege management together with easy payment and cash management workflow orchestration Security is boosted and fraud prevented as payments flow from back-office systems to beneficiary banks with the centralised platform providing single access for all payments and cash visibility requirements
Improve efficiency For many the real benefit of Corporate-to-Bank Integration platforms is the way they improve efficiency across finance and treasury Automation of non-value-added labour intensive and repetitive tasks reduces dependency on the internal workforce and can even remove the requirement for human intervention in certain cases The smooth integration and connectivity of sophisticated platforms mean UK and international banks are easily connected with multiple back-office systems enabling unhindered data flow And at any time as is required enriched data and automated reports are available in whichever format is preferred which enables treasurers to make better more informed decisions
wwwaccesspaycom
For the early adopters of Corporate-to-Bank Integration platforms the technology isnrsquot just changing job roles itrsquos transforming how the organisation can operate in a fast-moving and increasingly demanding digital age
Who does AccessPay work with
International +44 (0)161 885 0661
UK 03300 298 520
wwwaccesspaycom
18
Can I see an Corporate-to-Bank
Integration Platform in action
Book a demo today to see how the AccessPay Corporate-to-Bank Integration Platform can help you transform finance and
treasury operations through better connectivity
Delivering critical cash management insights
95 faster for ITV
ldquoWith AccessPay you log in and you know exactly how much cash you have around the group We were
able to see not just payments that have been made but also receive confirmations back from the bank
Itrsquos made managing our cash a much more joined-up process Itrsquos
really easy to use and itrsquos really made a difference for usrdquo
Karen FaganHead of Treasury Operations ITV
READ FULL STORY
7
wwwaccesspaycom
The triggers for changeLinked to the growing role of treasury as a strategic business function and the increasing responsibility sitting across the team the point at which an organisation concedes its incumbent treasury processes require change depends on various factors
Typical triggers can include impending mergers and acquisitions significant changes to business process ERP implementation and upgrades and growth phases that intensify the range and level of responsibility with the evolving team
Compelling event
Nature of the challenge
Transformation projects
Support the changing needs and strategies
of the business enabling the finance and treasury function to support and create value
improve core processes and manage ongoing performance
Mergers and acquisitions
Migrating to a common set of systems across a new enterprise or figuring out
how to integrate different disparate and legacy systems post-deal
ERP implementation and upgrade
Installing new software moving financial
data configuring users and processes and training your users on the software
Banking relationship consolidation
Rationalisation of multiple
relationships enhancing control minimising risk and freeing up capital
Business expansion
Planned and carefully managed expansion versus sudden and involuntary expansion
pressurising people and systems
Business process change
Support business efficiencies by
cutting excess reducing costs and sharpening management Measured
using profitabilityROI
8
SEVEN identifiable reasons for change
For those treasurers and finance professionals within organisations who have thus far resisted taking the step towards digital financial transformation with deep bank integration allow us to present AccessPayrsquos top seven reasons for change
wwwaccesspaycom
Finance amp Treasury Reporting03
Finance amp Treasury System Consolidation04
Multi-bank Visibility05
Payments Automation06
ERP-to-Bank Integration02
Security Across Finance Operations07
Consolidation Expanding Banking Relationships 01
9
Ready to learn more
wwwaccesspaycom
Learn about AccessPayrsquos integrated solution for consolidating and expanding banking relationships
1 Consolidation Expanding Banking Relationships
Those tasked with managing an organisationrsquos banking environment are in an unenviable position Each bank has its own standards for payment files and their own file formats for financial messaging and statements This complexity is compounded further by the corporationrsquos own disjointed back-office infrastructures where payment file processing and approvals reconciliation and forecasting often take place
By consolidating and integrating bank account visibility and functionality with the corporate back-office infrastructure treasurers become freshly armed with a whole inventory of new value-adding capabilities They can quickly transform bank files orchestrate payments and cash management workflow between individual banks and back-office systems in one central platform and significantly reduce the manual dependency and risks associated with multi-bank finance and treasury operations
With little or often no IT development required file formats can be mapped from any bank and transformed into a data output format that can be consumed by their ERP TMS or back-office system They can then identify risks and fraudulent activity across the banking network with all files and transactions going through one platform
Without clear integration between banks and back-office systems finance and treasury teams are often forced to work within complex spreadsheets to manage daily positioning deliver forecasts and reconcile statements versus ledgers Teams with integration have reported time savings of over 80 and delivering mission-critical insights on cash and liquidity faster Adding additional banks or removing banks from the operating model is standardised via industry-leading platforms ensuring minimum disruption to teams and internal resources
LEARNMORELEARNMORE
10
LEARNMORE
Ready to learn more
wwwaccesspaycom
Learn about AccessPayrsquos integrated solution for complex ERP-to-Bank integration
2 ERP-to-Bank Integration
Designed to support a variety of business processes ERP systems are used by finance and treasury functions for accounts payable and accounts receivable for processing payroll and treasury payments for reconciliation as well as for monitoring predicting and managing cash across multiple locations and legal entities The primary purpose of an ERP system is to automate all of this allowing the treasurer to concentrate on driving growth for their organisation
However what good is an ERP system if itrsquos not integrated into your TMS CRM Accounting or Payroll system and more importantly connected to all your banks The task of having to manually upload data from multiple sources remains thereby defeating the purpose of having an ERP system in the first place ERP-to-Bank Integration is critical to achieving the automation which removes the need for these manual uploads
ERP and back-office to bank integration enables organisations to automate manual processes such as data entry and reconciliation Not only does this increase data accuracy and provide better insight but it also allows treasurers to reduce dependency on the internal workforce and manual coordination of efforts enabling a diversion of focus towards analysis and value-adding activity By integrating the ERP or back-office system with the organisationrsquos banks treasurers can also feed accounts payable and receivable data into the Corporate-to-Bank Integration platform and combine these with bank statement data generating meaningful reports for the organisation
A primary pain-point of not having access to an integrated process is that treasurers are forced to deal with varying file formats With each system requiring a different file import and the different banks releasing different types of file treasurers become burdened with the onerous task of navigating through this maze and charging IT teams with transforming data into legible files for upload
With the right Corporate-to-Bank Integration platform treasurers can end all of this by mapping any file format from any bank and transforming data output into a format that can be consumed by the ERP or back-office system With minimal or no IT development required dependency on IT teams is minimised as all transformation is completed by the file agnostic platform
11
Ready to learn more LEARNMORE
wwwaccesspaycomwwwaccesspaycom
3 Finance amp Treasury Reporting
The bedrock upon which any organisation can achieve growth objectives and invest in those areas deemed most important is effective cash management Manually reconciling finance and treasury reporting wastes precious time and canrsquot always be relied on to expose a truly accurate financial picture This is especially true when high-transaction volumes multiple bank accounts and various file formats are added to a melee that spans different time zones and geographically disparate teams
Using real-time data aggregated from bank accounts and transaction data finance and treasury reporting solutions act as a single source of truth for all treasury information Bespoke dashboards allow for analysis of cash liquidity and risk exposure across multiple countries currencies and legal entities delivering insight in real-time With enriched data and automated reports critical information is available when needed in the format needed allowing treasurers to make more informed decisions
Moving to automated processes across systems also reduces operational dependencies by scheduling and automating the retrieval of bank statements transaction data and custom and pre-built reports ndash all of which can be made available in readable and consumable format for you to glean more information out of and scrutinise Automating reconciliation facilitates the transformation of bank data from various formats making it easier to consume in ERP TMS and back-office systems whilst integration between banks and back office systems means better more accurate data for business planning with less chance of error
By removing human intervention internal and external compliance is improved and security risks are further reduced Data integrity is also maintained by managing access on-demand thereby ensuring data cannot be manipulated
When combined these functionalities mean finance and treasury teams are armed with the insights needed to sharpen decision making and invest more time on data analysis to help drive growth and value creation
Learn about AccessPayrsquos integrated solution for finance and treasury reporting
LEARNMORE
Ready to learn more
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for finance and treasury systems consolidation
4 Finance amp Treasury System Consolidation
Compounding the complexity of a treasurerrsquos role is maintaining visibility and control over disparate on-premise finance and treasury systems each with their own workflows and custom integrations to payment schemes and banks Itrsquos a plate-spinning act where should one drop itrsquos not porcelain that is damaged but potentially an organisationrsquos financial position
Consolidating these systems into an integration platform with connectors to multiple banks schemes and applications organisations can visualise payments and cash management workflows between back-office systems and banks in one place At any time they can also edit add or remove workflows in line with the demands of the organisation
By centralising access to all banks via one platform with one set of login credentials treasurers create role-based profiles and workflow and approval rules by functional purpose ensuring access is granted to users with the right level of authority Ideal for organisations with multiple subsidiaries Furthermore treasurers can enable secure file transfer between ERP Treasury Management System Payroll System or CRM with data encrypted in transit whilst maintaining an audit trail of all user actions across the finance and treasury operating model New banks are quickly added easily monitored and access managed through one centrally controlled platform with audit reports provided on all user actions for all payment processes
Connecting cloud ERP systems to payment schemes minimises manual payment processing and the associated risks Statement data is easily consumed from across the organisationrsquos
banking network and routes directly into the ERP or TMS for automated reconciliation By quickly and easily adding scheme bank and message rail connectors into the Corporate-to-Bank Integration platform the need for multiple applications for multiple payment schemes or rails is eliminated
Organisations that take the step to invest in ERP and Treasury Management Systems often do so as a result of significant business transformation and systems consolidation programmes In many such instances integrations with banks or schemes to achieve a truly streamlined and controlled finance operating model require custom file mapping and system development Choosing the right integration platform negates this requirement by enabling access to a suite of bank and scheme connectors that standardise data consumption for all systems in use across the organisation
12
Ready to learn more LEARNMORE
wwwaccesspaycom
5 Multi-bank Visibility
Itrsquos standard practice for organisations to possess multiple bank accounts It makes sound business sense but it also adds a range of complexities to an already difficult role The multi-bank visibility that Corporate-to-Bank integration provides lets treasurers assess their complete cash position at a glance and deliver real-time analytics and transaction management
Once implemented treasurers manage one platform with one username and password through which they view all their bank accounts in one place From this platform treasurers can securely access bank statements and cash position data from across their entire banking estate on one easily managed dashboard breaking down and viewing transactional level data in real-time
Remembering myriad usernames and passwords becomes more of a brain-ache when adding in the number of tokens and the responsibility of deciding who can access what bank account and which transactions and processes they can manage During growth phases itrsquos a brain-ache which takes on a whole new dimension when the inevitable grey areas are flagged up by auditors as a security and compliance issue By implementing segregation of duties and centralised control through one platform treasurers can overcome these challenges whilst securing the transmission of data through a network of secure and encrypted connectors
Full visibility is a powerful feature and treasurers can make it available to those who need it but itrsquos not a level of access all users require By assigning users to specific legal entities regions or individual business requirements Corporate-to-Bank integration facilitates
a workflow process that can be tailored to the needs of the organisation
Convenience visibility and security Yet therersquos more Treasurers are also able to end the manual task of pulling together daily cash reports that take up so much precious time Preparing daily cash positioning and funding activities through early morning number-crunching and out-of-hours data gathering has become the norm for many finance and treasury professionals working to strict deadlines The information is eventually gleaned but at the expense of redirecting resource away from more critical value-adding activity
Using intelligent platforms treasurers will instead be able to arrive in the morning with a report in their inbox outlining detailed global cash positions by bank currency region or legal entity The days of spending the first few hours of the day compiling spreadsheets from multiple sources will be over
Learn about AccessPayrsquos integrated solution for multi-bank visibility
13
14
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for payments automation
6 Payments Automation
Manual payment processing is inherently laden with risk Each transaction is one clumsy digit away from going horribly wrong Such errors do more than simply create an accounting headache though They lead to time-consuming rectifications security exposures and damage reputations
By automating non-value-added tasks ndash of which manual payment processing very much constitute ndash and replacing data entry across different systems such labour-intensive procedures and repetitive tasks are all but eliminated
However itrsquos not just about making payments faster and more accurate Leading solutions allow users such functionality as creating role-based profiles and workflows to ensure only the right people within teams can submit and approve payments Each feature enhances reporting budgeting and auditing and generates electronic trails that are far simpler to follow
To overcome the challenges that finance and treasury professionals face daily leading Corporate-to-Bank Integration platforms are designed to act as your one source of truth for all payments A single system for UK and International payments treasurers have one login and password for all payment and collections requirements Submissions validations and approvals all take place within a secure environment with files uploaded automatically using a suite of connectors that connect to the back-office bank and to all payment schemes and financial messaging rails
Although most organisations now have workflows and controls in place to manage their payments and collection process enforcing systematic segregation of duties is difficult when everyone is on different systems with varying levels of security Using an Corporate-to-Bank Integration
platform every part of the approvals process is controlled by the treasurer and their operations team Duties are segregated and visibility is provided by department and budgetary spend levels keeping everything in order Treasury operations decide who has access to what and when Users can be added and removed bank accounts changed and various departments created all with just a few clicks
With one single point of entry and the capability to track user behaviour exception management auditing and investigation times can be reduced to minutes greatly reducing the risk of employee error or theft For those requiring an additional layer of security and compliance leading-edge platforms offer PGP encryption of data and dynamic data masking giving treasurers the ability to limit sensitive data exposure by masking it to non-privileged users
LEARNMORE
Ready to learn more
15
wwwaccesspaycom
Corporate-to-Bank Integration platforms provide segregation between entities and work-streams They allow for separation of duties the ability to manage user access and to create workflow rules and role profiles for approval and submission of payments With one single point of entry and the capability to track user behaviour exception management auditing and investigation times are reduced from hours to minutes
A single centralised Corporate-to-Bank Integration platform can be used for all payments and cash visibility requirements One login one password no tokens no paper By consolidating all bank access and transaction management into one system treasurers can limit the requirement for individual bank portal access and reduce any security risk associated with logging into multiple banking portals
For those in the professional services industry where the organisationrsquos money must be segregated from the clientrsquos and held in separate bank accounts the ability to view these bank accounts and transactions side-by-side and across one platform is a formidable feature especially when reporting and reconciling external client money
Leading-edge Corporate-to-Bank Integration platforms boast bank-grade security and secure encryption of payments files ensure treasurers have confidence in the ability to shut out third-party breaches Going further proactive and pre-emptive flags highlight potentially fraudulent activity and erroneous transactions meaning treasurers receive alerts automated and sent in real-time thus allowing an action to be taken immediately or prevention of an event completely
7 Security Across Finance Operations
To prevent monetary loss and reputation damage finance and treasury professionals need to become proactive rather than reactive to reducing fraud and errors With different systems banks and an over-reliance on people itrsquos a responsibility than can feel overwhelming The answer lies in prevention detection and response to security threats and centralised control of the security of users systems and applications
With numerous data sources and multiple banking portals and back-office systems an ability to review user data is vital as is the ability to centrally control management of access across these systems
Ready to learn more Learn about AccessPayrsquos integrated solution for security across finance and treasury operations
LEARNMORE
16
Why Corporate-to-Bank Integration is key for your organisation
There comes a point with certain technologies that resistance to uptake no longer merely differentiates those that resist but handicaps them
The sheer scale of functionality capability speed and convenience that Corporate-to-Bank Integration platforms grant treasurers means that early adopters are beginning to pull away from those persisting with legacy manual processes
The role of a treasurer is complex but today professionals can choose how complex it needs to be Corporate-to-Bank Integration platforms simplify the complicated with streamlined bank connectivity and integration between finance and treasury back-office systems thus improving payments and cash management operations across the organisation
Improve visibility of funds Allocation of funding is improved allowing for optimal deployment of funding globally across the organisation minimising credit usage and optimising cash potential With centralised liquidity management intercompany transactions can be managed with ease unexpected activity can be identified and understood and liquidity can be proactively managed Banks can be added removed and consolidated easily across the centralised platform and access to real-time multi-bank visibility is granted allowing for quick assessments of cash positions with real-time analytics and transaction management
wwwaccesspaycom
17
Proactive risk management The platforms also allow for truly proactive risk management with security maintained by implementing tight control and rigorous compliance measures It means robust regulatory compliance internal governance and user privilege management together with easy payment and cash management workflow orchestration Security is boosted and fraud prevented as payments flow from back-office systems to beneficiary banks with the centralised platform providing single access for all payments and cash visibility requirements
Improve efficiency For many the real benefit of Corporate-to-Bank Integration platforms is the way they improve efficiency across finance and treasury Automation of non-value-added labour intensive and repetitive tasks reduces dependency on the internal workforce and can even remove the requirement for human intervention in certain cases The smooth integration and connectivity of sophisticated platforms mean UK and international banks are easily connected with multiple back-office systems enabling unhindered data flow And at any time as is required enriched data and automated reports are available in whichever format is preferred which enables treasurers to make better more informed decisions
wwwaccesspaycom
For the early adopters of Corporate-to-Bank Integration platforms the technology isnrsquot just changing job roles itrsquos transforming how the organisation can operate in a fast-moving and increasingly demanding digital age
Who does AccessPay work with
International +44 (0)161 885 0661
UK 03300 298 520
wwwaccesspaycom
18
Can I see an Corporate-to-Bank
Integration Platform in action
Book a demo today to see how the AccessPay Corporate-to-Bank Integration Platform can help you transform finance and
treasury operations through better connectivity
Delivering critical cash management insights
95 faster for ITV
ldquoWith AccessPay you log in and you know exactly how much cash you have around the group We were
able to see not just payments that have been made but also receive confirmations back from the bank
Itrsquos made managing our cash a much more joined-up process Itrsquos
really easy to use and itrsquos really made a difference for usrdquo
Karen FaganHead of Treasury Operations ITV
READ FULL STORY
8
SEVEN identifiable reasons for change
For those treasurers and finance professionals within organisations who have thus far resisted taking the step towards digital financial transformation with deep bank integration allow us to present AccessPayrsquos top seven reasons for change
wwwaccesspaycom
Finance amp Treasury Reporting03
Finance amp Treasury System Consolidation04
Multi-bank Visibility05
Payments Automation06
ERP-to-Bank Integration02
Security Across Finance Operations07
Consolidation Expanding Banking Relationships 01
9
Ready to learn more
wwwaccesspaycom
Learn about AccessPayrsquos integrated solution for consolidating and expanding banking relationships
1 Consolidation Expanding Banking Relationships
Those tasked with managing an organisationrsquos banking environment are in an unenviable position Each bank has its own standards for payment files and their own file formats for financial messaging and statements This complexity is compounded further by the corporationrsquos own disjointed back-office infrastructures where payment file processing and approvals reconciliation and forecasting often take place
By consolidating and integrating bank account visibility and functionality with the corporate back-office infrastructure treasurers become freshly armed with a whole inventory of new value-adding capabilities They can quickly transform bank files orchestrate payments and cash management workflow between individual banks and back-office systems in one central platform and significantly reduce the manual dependency and risks associated with multi-bank finance and treasury operations
With little or often no IT development required file formats can be mapped from any bank and transformed into a data output format that can be consumed by their ERP TMS or back-office system They can then identify risks and fraudulent activity across the banking network with all files and transactions going through one platform
Without clear integration between banks and back-office systems finance and treasury teams are often forced to work within complex spreadsheets to manage daily positioning deliver forecasts and reconcile statements versus ledgers Teams with integration have reported time savings of over 80 and delivering mission-critical insights on cash and liquidity faster Adding additional banks or removing banks from the operating model is standardised via industry-leading platforms ensuring minimum disruption to teams and internal resources
LEARNMORELEARNMORE
10
LEARNMORE
Ready to learn more
wwwaccesspaycom
Learn about AccessPayrsquos integrated solution for complex ERP-to-Bank integration
2 ERP-to-Bank Integration
Designed to support a variety of business processes ERP systems are used by finance and treasury functions for accounts payable and accounts receivable for processing payroll and treasury payments for reconciliation as well as for monitoring predicting and managing cash across multiple locations and legal entities The primary purpose of an ERP system is to automate all of this allowing the treasurer to concentrate on driving growth for their organisation
However what good is an ERP system if itrsquos not integrated into your TMS CRM Accounting or Payroll system and more importantly connected to all your banks The task of having to manually upload data from multiple sources remains thereby defeating the purpose of having an ERP system in the first place ERP-to-Bank Integration is critical to achieving the automation which removes the need for these manual uploads
ERP and back-office to bank integration enables organisations to automate manual processes such as data entry and reconciliation Not only does this increase data accuracy and provide better insight but it also allows treasurers to reduce dependency on the internal workforce and manual coordination of efforts enabling a diversion of focus towards analysis and value-adding activity By integrating the ERP or back-office system with the organisationrsquos banks treasurers can also feed accounts payable and receivable data into the Corporate-to-Bank Integration platform and combine these with bank statement data generating meaningful reports for the organisation
A primary pain-point of not having access to an integrated process is that treasurers are forced to deal with varying file formats With each system requiring a different file import and the different banks releasing different types of file treasurers become burdened with the onerous task of navigating through this maze and charging IT teams with transforming data into legible files for upload
With the right Corporate-to-Bank Integration platform treasurers can end all of this by mapping any file format from any bank and transforming data output into a format that can be consumed by the ERP or back-office system With minimal or no IT development required dependency on IT teams is minimised as all transformation is completed by the file agnostic platform
11
Ready to learn more LEARNMORE
wwwaccesspaycomwwwaccesspaycom
3 Finance amp Treasury Reporting
The bedrock upon which any organisation can achieve growth objectives and invest in those areas deemed most important is effective cash management Manually reconciling finance and treasury reporting wastes precious time and canrsquot always be relied on to expose a truly accurate financial picture This is especially true when high-transaction volumes multiple bank accounts and various file formats are added to a melee that spans different time zones and geographically disparate teams
Using real-time data aggregated from bank accounts and transaction data finance and treasury reporting solutions act as a single source of truth for all treasury information Bespoke dashboards allow for analysis of cash liquidity and risk exposure across multiple countries currencies and legal entities delivering insight in real-time With enriched data and automated reports critical information is available when needed in the format needed allowing treasurers to make more informed decisions
Moving to automated processes across systems also reduces operational dependencies by scheduling and automating the retrieval of bank statements transaction data and custom and pre-built reports ndash all of which can be made available in readable and consumable format for you to glean more information out of and scrutinise Automating reconciliation facilitates the transformation of bank data from various formats making it easier to consume in ERP TMS and back-office systems whilst integration between banks and back office systems means better more accurate data for business planning with less chance of error
By removing human intervention internal and external compliance is improved and security risks are further reduced Data integrity is also maintained by managing access on-demand thereby ensuring data cannot be manipulated
When combined these functionalities mean finance and treasury teams are armed with the insights needed to sharpen decision making and invest more time on data analysis to help drive growth and value creation
Learn about AccessPayrsquos integrated solution for finance and treasury reporting
LEARNMORE
Ready to learn more
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for finance and treasury systems consolidation
4 Finance amp Treasury System Consolidation
Compounding the complexity of a treasurerrsquos role is maintaining visibility and control over disparate on-premise finance and treasury systems each with their own workflows and custom integrations to payment schemes and banks Itrsquos a plate-spinning act where should one drop itrsquos not porcelain that is damaged but potentially an organisationrsquos financial position
Consolidating these systems into an integration platform with connectors to multiple banks schemes and applications organisations can visualise payments and cash management workflows between back-office systems and banks in one place At any time they can also edit add or remove workflows in line with the demands of the organisation
By centralising access to all banks via one platform with one set of login credentials treasurers create role-based profiles and workflow and approval rules by functional purpose ensuring access is granted to users with the right level of authority Ideal for organisations with multiple subsidiaries Furthermore treasurers can enable secure file transfer between ERP Treasury Management System Payroll System or CRM with data encrypted in transit whilst maintaining an audit trail of all user actions across the finance and treasury operating model New banks are quickly added easily monitored and access managed through one centrally controlled platform with audit reports provided on all user actions for all payment processes
Connecting cloud ERP systems to payment schemes minimises manual payment processing and the associated risks Statement data is easily consumed from across the organisationrsquos
banking network and routes directly into the ERP or TMS for automated reconciliation By quickly and easily adding scheme bank and message rail connectors into the Corporate-to-Bank Integration platform the need for multiple applications for multiple payment schemes or rails is eliminated
Organisations that take the step to invest in ERP and Treasury Management Systems often do so as a result of significant business transformation and systems consolidation programmes In many such instances integrations with banks or schemes to achieve a truly streamlined and controlled finance operating model require custom file mapping and system development Choosing the right integration platform negates this requirement by enabling access to a suite of bank and scheme connectors that standardise data consumption for all systems in use across the organisation
12
Ready to learn more LEARNMORE
wwwaccesspaycom
5 Multi-bank Visibility
Itrsquos standard practice for organisations to possess multiple bank accounts It makes sound business sense but it also adds a range of complexities to an already difficult role The multi-bank visibility that Corporate-to-Bank integration provides lets treasurers assess their complete cash position at a glance and deliver real-time analytics and transaction management
Once implemented treasurers manage one platform with one username and password through which they view all their bank accounts in one place From this platform treasurers can securely access bank statements and cash position data from across their entire banking estate on one easily managed dashboard breaking down and viewing transactional level data in real-time
Remembering myriad usernames and passwords becomes more of a brain-ache when adding in the number of tokens and the responsibility of deciding who can access what bank account and which transactions and processes they can manage During growth phases itrsquos a brain-ache which takes on a whole new dimension when the inevitable grey areas are flagged up by auditors as a security and compliance issue By implementing segregation of duties and centralised control through one platform treasurers can overcome these challenges whilst securing the transmission of data through a network of secure and encrypted connectors
Full visibility is a powerful feature and treasurers can make it available to those who need it but itrsquos not a level of access all users require By assigning users to specific legal entities regions or individual business requirements Corporate-to-Bank integration facilitates
a workflow process that can be tailored to the needs of the organisation
Convenience visibility and security Yet therersquos more Treasurers are also able to end the manual task of pulling together daily cash reports that take up so much precious time Preparing daily cash positioning and funding activities through early morning number-crunching and out-of-hours data gathering has become the norm for many finance and treasury professionals working to strict deadlines The information is eventually gleaned but at the expense of redirecting resource away from more critical value-adding activity
Using intelligent platforms treasurers will instead be able to arrive in the morning with a report in their inbox outlining detailed global cash positions by bank currency region or legal entity The days of spending the first few hours of the day compiling spreadsheets from multiple sources will be over
Learn about AccessPayrsquos integrated solution for multi-bank visibility
13
14
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for payments automation
6 Payments Automation
Manual payment processing is inherently laden with risk Each transaction is one clumsy digit away from going horribly wrong Such errors do more than simply create an accounting headache though They lead to time-consuming rectifications security exposures and damage reputations
By automating non-value-added tasks ndash of which manual payment processing very much constitute ndash and replacing data entry across different systems such labour-intensive procedures and repetitive tasks are all but eliminated
However itrsquos not just about making payments faster and more accurate Leading solutions allow users such functionality as creating role-based profiles and workflows to ensure only the right people within teams can submit and approve payments Each feature enhances reporting budgeting and auditing and generates electronic trails that are far simpler to follow
To overcome the challenges that finance and treasury professionals face daily leading Corporate-to-Bank Integration platforms are designed to act as your one source of truth for all payments A single system for UK and International payments treasurers have one login and password for all payment and collections requirements Submissions validations and approvals all take place within a secure environment with files uploaded automatically using a suite of connectors that connect to the back-office bank and to all payment schemes and financial messaging rails
Although most organisations now have workflows and controls in place to manage their payments and collection process enforcing systematic segregation of duties is difficult when everyone is on different systems with varying levels of security Using an Corporate-to-Bank Integration
platform every part of the approvals process is controlled by the treasurer and their operations team Duties are segregated and visibility is provided by department and budgetary spend levels keeping everything in order Treasury operations decide who has access to what and when Users can be added and removed bank accounts changed and various departments created all with just a few clicks
With one single point of entry and the capability to track user behaviour exception management auditing and investigation times can be reduced to minutes greatly reducing the risk of employee error or theft For those requiring an additional layer of security and compliance leading-edge platforms offer PGP encryption of data and dynamic data masking giving treasurers the ability to limit sensitive data exposure by masking it to non-privileged users
LEARNMORE
Ready to learn more
15
wwwaccesspaycom
Corporate-to-Bank Integration platforms provide segregation between entities and work-streams They allow for separation of duties the ability to manage user access and to create workflow rules and role profiles for approval and submission of payments With one single point of entry and the capability to track user behaviour exception management auditing and investigation times are reduced from hours to minutes
A single centralised Corporate-to-Bank Integration platform can be used for all payments and cash visibility requirements One login one password no tokens no paper By consolidating all bank access and transaction management into one system treasurers can limit the requirement for individual bank portal access and reduce any security risk associated with logging into multiple banking portals
For those in the professional services industry where the organisationrsquos money must be segregated from the clientrsquos and held in separate bank accounts the ability to view these bank accounts and transactions side-by-side and across one platform is a formidable feature especially when reporting and reconciling external client money
Leading-edge Corporate-to-Bank Integration platforms boast bank-grade security and secure encryption of payments files ensure treasurers have confidence in the ability to shut out third-party breaches Going further proactive and pre-emptive flags highlight potentially fraudulent activity and erroneous transactions meaning treasurers receive alerts automated and sent in real-time thus allowing an action to be taken immediately or prevention of an event completely
7 Security Across Finance Operations
To prevent monetary loss and reputation damage finance and treasury professionals need to become proactive rather than reactive to reducing fraud and errors With different systems banks and an over-reliance on people itrsquos a responsibility than can feel overwhelming The answer lies in prevention detection and response to security threats and centralised control of the security of users systems and applications
With numerous data sources and multiple banking portals and back-office systems an ability to review user data is vital as is the ability to centrally control management of access across these systems
Ready to learn more Learn about AccessPayrsquos integrated solution for security across finance and treasury operations
LEARNMORE
16
Why Corporate-to-Bank Integration is key for your organisation
There comes a point with certain technologies that resistance to uptake no longer merely differentiates those that resist but handicaps them
The sheer scale of functionality capability speed and convenience that Corporate-to-Bank Integration platforms grant treasurers means that early adopters are beginning to pull away from those persisting with legacy manual processes
The role of a treasurer is complex but today professionals can choose how complex it needs to be Corporate-to-Bank Integration platforms simplify the complicated with streamlined bank connectivity and integration between finance and treasury back-office systems thus improving payments and cash management operations across the organisation
Improve visibility of funds Allocation of funding is improved allowing for optimal deployment of funding globally across the organisation minimising credit usage and optimising cash potential With centralised liquidity management intercompany transactions can be managed with ease unexpected activity can be identified and understood and liquidity can be proactively managed Banks can be added removed and consolidated easily across the centralised platform and access to real-time multi-bank visibility is granted allowing for quick assessments of cash positions with real-time analytics and transaction management
wwwaccesspaycom
17
Proactive risk management The platforms also allow for truly proactive risk management with security maintained by implementing tight control and rigorous compliance measures It means robust regulatory compliance internal governance and user privilege management together with easy payment and cash management workflow orchestration Security is boosted and fraud prevented as payments flow from back-office systems to beneficiary banks with the centralised platform providing single access for all payments and cash visibility requirements
Improve efficiency For many the real benefit of Corporate-to-Bank Integration platforms is the way they improve efficiency across finance and treasury Automation of non-value-added labour intensive and repetitive tasks reduces dependency on the internal workforce and can even remove the requirement for human intervention in certain cases The smooth integration and connectivity of sophisticated platforms mean UK and international banks are easily connected with multiple back-office systems enabling unhindered data flow And at any time as is required enriched data and automated reports are available in whichever format is preferred which enables treasurers to make better more informed decisions
wwwaccesspaycom
For the early adopters of Corporate-to-Bank Integration platforms the technology isnrsquot just changing job roles itrsquos transforming how the organisation can operate in a fast-moving and increasingly demanding digital age
Who does AccessPay work with
International +44 (0)161 885 0661
UK 03300 298 520
wwwaccesspaycom
18
Can I see an Corporate-to-Bank
Integration Platform in action
Book a demo today to see how the AccessPay Corporate-to-Bank Integration Platform can help you transform finance and
treasury operations through better connectivity
Delivering critical cash management insights
95 faster for ITV
ldquoWith AccessPay you log in and you know exactly how much cash you have around the group We were
able to see not just payments that have been made but also receive confirmations back from the bank
Itrsquos made managing our cash a much more joined-up process Itrsquos
really easy to use and itrsquos really made a difference for usrdquo
Karen FaganHead of Treasury Operations ITV
READ FULL STORY
9
Ready to learn more
wwwaccesspaycom
Learn about AccessPayrsquos integrated solution for consolidating and expanding banking relationships
1 Consolidation Expanding Banking Relationships
Those tasked with managing an organisationrsquos banking environment are in an unenviable position Each bank has its own standards for payment files and their own file formats for financial messaging and statements This complexity is compounded further by the corporationrsquos own disjointed back-office infrastructures where payment file processing and approvals reconciliation and forecasting often take place
By consolidating and integrating bank account visibility and functionality with the corporate back-office infrastructure treasurers become freshly armed with a whole inventory of new value-adding capabilities They can quickly transform bank files orchestrate payments and cash management workflow between individual banks and back-office systems in one central platform and significantly reduce the manual dependency and risks associated with multi-bank finance and treasury operations
With little or often no IT development required file formats can be mapped from any bank and transformed into a data output format that can be consumed by their ERP TMS or back-office system They can then identify risks and fraudulent activity across the banking network with all files and transactions going through one platform
Without clear integration between banks and back-office systems finance and treasury teams are often forced to work within complex spreadsheets to manage daily positioning deliver forecasts and reconcile statements versus ledgers Teams with integration have reported time savings of over 80 and delivering mission-critical insights on cash and liquidity faster Adding additional banks or removing banks from the operating model is standardised via industry-leading platforms ensuring minimum disruption to teams and internal resources
LEARNMORELEARNMORE
10
LEARNMORE
Ready to learn more
wwwaccesspaycom
Learn about AccessPayrsquos integrated solution for complex ERP-to-Bank integration
2 ERP-to-Bank Integration
Designed to support a variety of business processes ERP systems are used by finance and treasury functions for accounts payable and accounts receivable for processing payroll and treasury payments for reconciliation as well as for monitoring predicting and managing cash across multiple locations and legal entities The primary purpose of an ERP system is to automate all of this allowing the treasurer to concentrate on driving growth for their organisation
However what good is an ERP system if itrsquos not integrated into your TMS CRM Accounting or Payroll system and more importantly connected to all your banks The task of having to manually upload data from multiple sources remains thereby defeating the purpose of having an ERP system in the first place ERP-to-Bank Integration is critical to achieving the automation which removes the need for these manual uploads
ERP and back-office to bank integration enables organisations to automate manual processes such as data entry and reconciliation Not only does this increase data accuracy and provide better insight but it also allows treasurers to reduce dependency on the internal workforce and manual coordination of efforts enabling a diversion of focus towards analysis and value-adding activity By integrating the ERP or back-office system with the organisationrsquos banks treasurers can also feed accounts payable and receivable data into the Corporate-to-Bank Integration platform and combine these with bank statement data generating meaningful reports for the organisation
A primary pain-point of not having access to an integrated process is that treasurers are forced to deal with varying file formats With each system requiring a different file import and the different banks releasing different types of file treasurers become burdened with the onerous task of navigating through this maze and charging IT teams with transforming data into legible files for upload
With the right Corporate-to-Bank Integration platform treasurers can end all of this by mapping any file format from any bank and transforming data output into a format that can be consumed by the ERP or back-office system With minimal or no IT development required dependency on IT teams is minimised as all transformation is completed by the file agnostic platform
11
Ready to learn more LEARNMORE
wwwaccesspaycomwwwaccesspaycom
3 Finance amp Treasury Reporting
The bedrock upon which any organisation can achieve growth objectives and invest in those areas deemed most important is effective cash management Manually reconciling finance and treasury reporting wastes precious time and canrsquot always be relied on to expose a truly accurate financial picture This is especially true when high-transaction volumes multiple bank accounts and various file formats are added to a melee that spans different time zones and geographically disparate teams
Using real-time data aggregated from bank accounts and transaction data finance and treasury reporting solutions act as a single source of truth for all treasury information Bespoke dashboards allow for analysis of cash liquidity and risk exposure across multiple countries currencies and legal entities delivering insight in real-time With enriched data and automated reports critical information is available when needed in the format needed allowing treasurers to make more informed decisions
Moving to automated processes across systems also reduces operational dependencies by scheduling and automating the retrieval of bank statements transaction data and custom and pre-built reports ndash all of which can be made available in readable and consumable format for you to glean more information out of and scrutinise Automating reconciliation facilitates the transformation of bank data from various formats making it easier to consume in ERP TMS and back-office systems whilst integration between banks and back office systems means better more accurate data for business planning with less chance of error
By removing human intervention internal and external compliance is improved and security risks are further reduced Data integrity is also maintained by managing access on-demand thereby ensuring data cannot be manipulated
When combined these functionalities mean finance and treasury teams are armed with the insights needed to sharpen decision making and invest more time on data analysis to help drive growth and value creation
Learn about AccessPayrsquos integrated solution for finance and treasury reporting
LEARNMORE
Ready to learn more
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for finance and treasury systems consolidation
4 Finance amp Treasury System Consolidation
Compounding the complexity of a treasurerrsquos role is maintaining visibility and control over disparate on-premise finance and treasury systems each with their own workflows and custom integrations to payment schemes and banks Itrsquos a plate-spinning act where should one drop itrsquos not porcelain that is damaged but potentially an organisationrsquos financial position
Consolidating these systems into an integration platform with connectors to multiple banks schemes and applications organisations can visualise payments and cash management workflows between back-office systems and banks in one place At any time they can also edit add or remove workflows in line with the demands of the organisation
By centralising access to all banks via one platform with one set of login credentials treasurers create role-based profiles and workflow and approval rules by functional purpose ensuring access is granted to users with the right level of authority Ideal for organisations with multiple subsidiaries Furthermore treasurers can enable secure file transfer between ERP Treasury Management System Payroll System or CRM with data encrypted in transit whilst maintaining an audit trail of all user actions across the finance and treasury operating model New banks are quickly added easily monitored and access managed through one centrally controlled platform with audit reports provided on all user actions for all payment processes
Connecting cloud ERP systems to payment schemes minimises manual payment processing and the associated risks Statement data is easily consumed from across the organisationrsquos
banking network and routes directly into the ERP or TMS for automated reconciliation By quickly and easily adding scheme bank and message rail connectors into the Corporate-to-Bank Integration platform the need for multiple applications for multiple payment schemes or rails is eliminated
Organisations that take the step to invest in ERP and Treasury Management Systems often do so as a result of significant business transformation and systems consolidation programmes In many such instances integrations with banks or schemes to achieve a truly streamlined and controlled finance operating model require custom file mapping and system development Choosing the right integration platform negates this requirement by enabling access to a suite of bank and scheme connectors that standardise data consumption for all systems in use across the organisation
12
Ready to learn more LEARNMORE
wwwaccesspaycom
5 Multi-bank Visibility
Itrsquos standard practice for organisations to possess multiple bank accounts It makes sound business sense but it also adds a range of complexities to an already difficult role The multi-bank visibility that Corporate-to-Bank integration provides lets treasurers assess their complete cash position at a glance and deliver real-time analytics and transaction management
Once implemented treasurers manage one platform with one username and password through which they view all their bank accounts in one place From this platform treasurers can securely access bank statements and cash position data from across their entire banking estate on one easily managed dashboard breaking down and viewing transactional level data in real-time
Remembering myriad usernames and passwords becomes more of a brain-ache when adding in the number of tokens and the responsibility of deciding who can access what bank account and which transactions and processes they can manage During growth phases itrsquos a brain-ache which takes on a whole new dimension when the inevitable grey areas are flagged up by auditors as a security and compliance issue By implementing segregation of duties and centralised control through one platform treasurers can overcome these challenges whilst securing the transmission of data through a network of secure and encrypted connectors
Full visibility is a powerful feature and treasurers can make it available to those who need it but itrsquos not a level of access all users require By assigning users to specific legal entities regions or individual business requirements Corporate-to-Bank integration facilitates
a workflow process that can be tailored to the needs of the organisation
Convenience visibility and security Yet therersquos more Treasurers are also able to end the manual task of pulling together daily cash reports that take up so much precious time Preparing daily cash positioning and funding activities through early morning number-crunching and out-of-hours data gathering has become the norm for many finance and treasury professionals working to strict deadlines The information is eventually gleaned but at the expense of redirecting resource away from more critical value-adding activity
Using intelligent platforms treasurers will instead be able to arrive in the morning with a report in their inbox outlining detailed global cash positions by bank currency region or legal entity The days of spending the first few hours of the day compiling spreadsheets from multiple sources will be over
Learn about AccessPayrsquos integrated solution for multi-bank visibility
13
14
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for payments automation
6 Payments Automation
Manual payment processing is inherently laden with risk Each transaction is one clumsy digit away from going horribly wrong Such errors do more than simply create an accounting headache though They lead to time-consuming rectifications security exposures and damage reputations
By automating non-value-added tasks ndash of which manual payment processing very much constitute ndash and replacing data entry across different systems such labour-intensive procedures and repetitive tasks are all but eliminated
However itrsquos not just about making payments faster and more accurate Leading solutions allow users such functionality as creating role-based profiles and workflows to ensure only the right people within teams can submit and approve payments Each feature enhances reporting budgeting and auditing and generates electronic trails that are far simpler to follow
To overcome the challenges that finance and treasury professionals face daily leading Corporate-to-Bank Integration platforms are designed to act as your one source of truth for all payments A single system for UK and International payments treasurers have one login and password for all payment and collections requirements Submissions validations and approvals all take place within a secure environment with files uploaded automatically using a suite of connectors that connect to the back-office bank and to all payment schemes and financial messaging rails
Although most organisations now have workflows and controls in place to manage their payments and collection process enforcing systematic segregation of duties is difficult when everyone is on different systems with varying levels of security Using an Corporate-to-Bank Integration
platform every part of the approvals process is controlled by the treasurer and their operations team Duties are segregated and visibility is provided by department and budgetary spend levels keeping everything in order Treasury operations decide who has access to what and when Users can be added and removed bank accounts changed and various departments created all with just a few clicks
With one single point of entry and the capability to track user behaviour exception management auditing and investigation times can be reduced to minutes greatly reducing the risk of employee error or theft For those requiring an additional layer of security and compliance leading-edge platforms offer PGP encryption of data and dynamic data masking giving treasurers the ability to limit sensitive data exposure by masking it to non-privileged users
LEARNMORE
Ready to learn more
15
wwwaccesspaycom
Corporate-to-Bank Integration platforms provide segregation between entities and work-streams They allow for separation of duties the ability to manage user access and to create workflow rules and role profiles for approval and submission of payments With one single point of entry and the capability to track user behaviour exception management auditing and investigation times are reduced from hours to minutes
A single centralised Corporate-to-Bank Integration platform can be used for all payments and cash visibility requirements One login one password no tokens no paper By consolidating all bank access and transaction management into one system treasurers can limit the requirement for individual bank portal access and reduce any security risk associated with logging into multiple banking portals
For those in the professional services industry where the organisationrsquos money must be segregated from the clientrsquos and held in separate bank accounts the ability to view these bank accounts and transactions side-by-side and across one platform is a formidable feature especially when reporting and reconciling external client money
Leading-edge Corporate-to-Bank Integration platforms boast bank-grade security and secure encryption of payments files ensure treasurers have confidence in the ability to shut out third-party breaches Going further proactive and pre-emptive flags highlight potentially fraudulent activity and erroneous transactions meaning treasurers receive alerts automated and sent in real-time thus allowing an action to be taken immediately or prevention of an event completely
7 Security Across Finance Operations
To prevent monetary loss and reputation damage finance and treasury professionals need to become proactive rather than reactive to reducing fraud and errors With different systems banks and an over-reliance on people itrsquos a responsibility than can feel overwhelming The answer lies in prevention detection and response to security threats and centralised control of the security of users systems and applications
With numerous data sources and multiple banking portals and back-office systems an ability to review user data is vital as is the ability to centrally control management of access across these systems
Ready to learn more Learn about AccessPayrsquos integrated solution for security across finance and treasury operations
LEARNMORE
16
Why Corporate-to-Bank Integration is key for your organisation
There comes a point with certain technologies that resistance to uptake no longer merely differentiates those that resist but handicaps them
The sheer scale of functionality capability speed and convenience that Corporate-to-Bank Integration platforms grant treasurers means that early adopters are beginning to pull away from those persisting with legacy manual processes
The role of a treasurer is complex but today professionals can choose how complex it needs to be Corporate-to-Bank Integration platforms simplify the complicated with streamlined bank connectivity and integration between finance and treasury back-office systems thus improving payments and cash management operations across the organisation
Improve visibility of funds Allocation of funding is improved allowing for optimal deployment of funding globally across the organisation minimising credit usage and optimising cash potential With centralised liquidity management intercompany transactions can be managed with ease unexpected activity can be identified and understood and liquidity can be proactively managed Banks can be added removed and consolidated easily across the centralised platform and access to real-time multi-bank visibility is granted allowing for quick assessments of cash positions with real-time analytics and transaction management
wwwaccesspaycom
17
Proactive risk management The platforms also allow for truly proactive risk management with security maintained by implementing tight control and rigorous compliance measures It means robust regulatory compliance internal governance and user privilege management together with easy payment and cash management workflow orchestration Security is boosted and fraud prevented as payments flow from back-office systems to beneficiary banks with the centralised platform providing single access for all payments and cash visibility requirements
Improve efficiency For many the real benefit of Corporate-to-Bank Integration platforms is the way they improve efficiency across finance and treasury Automation of non-value-added labour intensive and repetitive tasks reduces dependency on the internal workforce and can even remove the requirement for human intervention in certain cases The smooth integration and connectivity of sophisticated platforms mean UK and international banks are easily connected with multiple back-office systems enabling unhindered data flow And at any time as is required enriched data and automated reports are available in whichever format is preferred which enables treasurers to make better more informed decisions
wwwaccesspaycom
For the early adopters of Corporate-to-Bank Integration platforms the technology isnrsquot just changing job roles itrsquos transforming how the organisation can operate in a fast-moving and increasingly demanding digital age
Who does AccessPay work with
International +44 (0)161 885 0661
UK 03300 298 520
wwwaccesspaycom
18
Can I see an Corporate-to-Bank
Integration Platform in action
Book a demo today to see how the AccessPay Corporate-to-Bank Integration Platform can help you transform finance and
treasury operations through better connectivity
Delivering critical cash management insights
95 faster for ITV
ldquoWith AccessPay you log in and you know exactly how much cash you have around the group We were
able to see not just payments that have been made but also receive confirmations back from the bank
Itrsquos made managing our cash a much more joined-up process Itrsquos
really easy to use and itrsquos really made a difference for usrdquo
Karen FaganHead of Treasury Operations ITV
READ FULL STORY
10
LEARNMORE
Ready to learn more
wwwaccesspaycom
Learn about AccessPayrsquos integrated solution for complex ERP-to-Bank integration
2 ERP-to-Bank Integration
Designed to support a variety of business processes ERP systems are used by finance and treasury functions for accounts payable and accounts receivable for processing payroll and treasury payments for reconciliation as well as for monitoring predicting and managing cash across multiple locations and legal entities The primary purpose of an ERP system is to automate all of this allowing the treasurer to concentrate on driving growth for their organisation
However what good is an ERP system if itrsquos not integrated into your TMS CRM Accounting or Payroll system and more importantly connected to all your banks The task of having to manually upload data from multiple sources remains thereby defeating the purpose of having an ERP system in the first place ERP-to-Bank Integration is critical to achieving the automation which removes the need for these manual uploads
ERP and back-office to bank integration enables organisations to automate manual processes such as data entry and reconciliation Not only does this increase data accuracy and provide better insight but it also allows treasurers to reduce dependency on the internal workforce and manual coordination of efforts enabling a diversion of focus towards analysis and value-adding activity By integrating the ERP or back-office system with the organisationrsquos banks treasurers can also feed accounts payable and receivable data into the Corporate-to-Bank Integration platform and combine these with bank statement data generating meaningful reports for the organisation
A primary pain-point of not having access to an integrated process is that treasurers are forced to deal with varying file formats With each system requiring a different file import and the different banks releasing different types of file treasurers become burdened with the onerous task of navigating through this maze and charging IT teams with transforming data into legible files for upload
With the right Corporate-to-Bank Integration platform treasurers can end all of this by mapping any file format from any bank and transforming data output into a format that can be consumed by the ERP or back-office system With minimal or no IT development required dependency on IT teams is minimised as all transformation is completed by the file agnostic platform
11
Ready to learn more LEARNMORE
wwwaccesspaycomwwwaccesspaycom
3 Finance amp Treasury Reporting
The bedrock upon which any organisation can achieve growth objectives and invest in those areas deemed most important is effective cash management Manually reconciling finance and treasury reporting wastes precious time and canrsquot always be relied on to expose a truly accurate financial picture This is especially true when high-transaction volumes multiple bank accounts and various file formats are added to a melee that spans different time zones and geographically disparate teams
Using real-time data aggregated from bank accounts and transaction data finance and treasury reporting solutions act as a single source of truth for all treasury information Bespoke dashboards allow for analysis of cash liquidity and risk exposure across multiple countries currencies and legal entities delivering insight in real-time With enriched data and automated reports critical information is available when needed in the format needed allowing treasurers to make more informed decisions
Moving to automated processes across systems also reduces operational dependencies by scheduling and automating the retrieval of bank statements transaction data and custom and pre-built reports ndash all of which can be made available in readable and consumable format for you to glean more information out of and scrutinise Automating reconciliation facilitates the transformation of bank data from various formats making it easier to consume in ERP TMS and back-office systems whilst integration between banks and back office systems means better more accurate data for business planning with less chance of error
By removing human intervention internal and external compliance is improved and security risks are further reduced Data integrity is also maintained by managing access on-demand thereby ensuring data cannot be manipulated
When combined these functionalities mean finance and treasury teams are armed with the insights needed to sharpen decision making and invest more time on data analysis to help drive growth and value creation
Learn about AccessPayrsquos integrated solution for finance and treasury reporting
LEARNMORE
Ready to learn more
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for finance and treasury systems consolidation
4 Finance amp Treasury System Consolidation
Compounding the complexity of a treasurerrsquos role is maintaining visibility and control over disparate on-premise finance and treasury systems each with their own workflows and custom integrations to payment schemes and banks Itrsquos a plate-spinning act where should one drop itrsquos not porcelain that is damaged but potentially an organisationrsquos financial position
Consolidating these systems into an integration platform with connectors to multiple banks schemes and applications organisations can visualise payments and cash management workflows between back-office systems and banks in one place At any time they can also edit add or remove workflows in line with the demands of the organisation
By centralising access to all banks via one platform with one set of login credentials treasurers create role-based profiles and workflow and approval rules by functional purpose ensuring access is granted to users with the right level of authority Ideal for organisations with multiple subsidiaries Furthermore treasurers can enable secure file transfer between ERP Treasury Management System Payroll System or CRM with data encrypted in transit whilst maintaining an audit trail of all user actions across the finance and treasury operating model New banks are quickly added easily monitored and access managed through one centrally controlled platform with audit reports provided on all user actions for all payment processes
Connecting cloud ERP systems to payment schemes minimises manual payment processing and the associated risks Statement data is easily consumed from across the organisationrsquos
banking network and routes directly into the ERP or TMS for automated reconciliation By quickly and easily adding scheme bank and message rail connectors into the Corporate-to-Bank Integration platform the need for multiple applications for multiple payment schemes or rails is eliminated
Organisations that take the step to invest in ERP and Treasury Management Systems often do so as a result of significant business transformation and systems consolidation programmes In many such instances integrations with banks or schemes to achieve a truly streamlined and controlled finance operating model require custom file mapping and system development Choosing the right integration platform negates this requirement by enabling access to a suite of bank and scheme connectors that standardise data consumption for all systems in use across the organisation
12
Ready to learn more LEARNMORE
wwwaccesspaycom
5 Multi-bank Visibility
Itrsquos standard practice for organisations to possess multiple bank accounts It makes sound business sense but it also adds a range of complexities to an already difficult role The multi-bank visibility that Corporate-to-Bank integration provides lets treasurers assess their complete cash position at a glance and deliver real-time analytics and transaction management
Once implemented treasurers manage one platform with one username and password through which they view all their bank accounts in one place From this platform treasurers can securely access bank statements and cash position data from across their entire banking estate on one easily managed dashboard breaking down and viewing transactional level data in real-time
Remembering myriad usernames and passwords becomes more of a brain-ache when adding in the number of tokens and the responsibility of deciding who can access what bank account and which transactions and processes they can manage During growth phases itrsquos a brain-ache which takes on a whole new dimension when the inevitable grey areas are flagged up by auditors as a security and compliance issue By implementing segregation of duties and centralised control through one platform treasurers can overcome these challenges whilst securing the transmission of data through a network of secure and encrypted connectors
Full visibility is a powerful feature and treasurers can make it available to those who need it but itrsquos not a level of access all users require By assigning users to specific legal entities regions or individual business requirements Corporate-to-Bank integration facilitates
a workflow process that can be tailored to the needs of the organisation
Convenience visibility and security Yet therersquos more Treasurers are also able to end the manual task of pulling together daily cash reports that take up so much precious time Preparing daily cash positioning and funding activities through early morning number-crunching and out-of-hours data gathering has become the norm for many finance and treasury professionals working to strict deadlines The information is eventually gleaned but at the expense of redirecting resource away from more critical value-adding activity
Using intelligent platforms treasurers will instead be able to arrive in the morning with a report in their inbox outlining detailed global cash positions by bank currency region or legal entity The days of spending the first few hours of the day compiling spreadsheets from multiple sources will be over
Learn about AccessPayrsquos integrated solution for multi-bank visibility
13
14
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for payments automation
6 Payments Automation
Manual payment processing is inherently laden with risk Each transaction is one clumsy digit away from going horribly wrong Such errors do more than simply create an accounting headache though They lead to time-consuming rectifications security exposures and damage reputations
By automating non-value-added tasks ndash of which manual payment processing very much constitute ndash and replacing data entry across different systems such labour-intensive procedures and repetitive tasks are all but eliminated
However itrsquos not just about making payments faster and more accurate Leading solutions allow users such functionality as creating role-based profiles and workflows to ensure only the right people within teams can submit and approve payments Each feature enhances reporting budgeting and auditing and generates electronic trails that are far simpler to follow
To overcome the challenges that finance and treasury professionals face daily leading Corporate-to-Bank Integration platforms are designed to act as your one source of truth for all payments A single system for UK and International payments treasurers have one login and password for all payment and collections requirements Submissions validations and approvals all take place within a secure environment with files uploaded automatically using a suite of connectors that connect to the back-office bank and to all payment schemes and financial messaging rails
Although most organisations now have workflows and controls in place to manage their payments and collection process enforcing systematic segregation of duties is difficult when everyone is on different systems with varying levels of security Using an Corporate-to-Bank Integration
platform every part of the approvals process is controlled by the treasurer and their operations team Duties are segregated and visibility is provided by department and budgetary spend levels keeping everything in order Treasury operations decide who has access to what and when Users can be added and removed bank accounts changed and various departments created all with just a few clicks
With one single point of entry and the capability to track user behaviour exception management auditing and investigation times can be reduced to minutes greatly reducing the risk of employee error or theft For those requiring an additional layer of security and compliance leading-edge platforms offer PGP encryption of data and dynamic data masking giving treasurers the ability to limit sensitive data exposure by masking it to non-privileged users
LEARNMORE
Ready to learn more
15
wwwaccesspaycom
Corporate-to-Bank Integration platforms provide segregation between entities and work-streams They allow for separation of duties the ability to manage user access and to create workflow rules and role profiles for approval and submission of payments With one single point of entry and the capability to track user behaviour exception management auditing and investigation times are reduced from hours to minutes
A single centralised Corporate-to-Bank Integration platform can be used for all payments and cash visibility requirements One login one password no tokens no paper By consolidating all bank access and transaction management into one system treasurers can limit the requirement for individual bank portal access and reduce any security risk associated with logging into multiple banking portals
For those in the professional services industry where the organisationrsquos money must be segregated from the clientrsquos and held in separate bank accounts the ability to view these bank accounts and transactions side-by-side and across one platform is a formidable feature especially when reporting and reconciling external client money
Leading-edge Corporate-to-Bank Integration platforms boast bank-grade security and secure encryption of payments files ensure treasurers have confidence in the ability to shut out third-party breaches Going further proactive and pre-emptive flags highlight potentially fraudulent activity and erroneous transactions meaning treasurers receive alerts automated and sent in real-time thus allowing an action to be taken immediately or prevention of an event completely
7 Security Across Finance Operations
To prevent monetary loss and reputation damage finance and treasury professionals need to become proactive rather than reactive to reducing fraud and errors With different systems banks and an over-reliance on people itrsquos a responsibility than can feel overwhelming The answer lies in prevention detection and response to security threats and centralised control of the security of users systems and applications
With numerous data sources and multiple banking portals and back-office systems an ability to review user data is vital as is the ability to centrally control management of access across these systems
Ready to learn more Learn about AccessPayrsquos integrated solution for security across finance and treasury operations
LEARNMORE
16
Why Corporate-to-Bank Integration is key for your organisation
There comes a point with certain technologies that resistance to uptake no longer merely differentiates those that resist but handicaps them
The sheer scale of functionality capability speed and convenience that Corporate-to-Bank Integration platforms grant treasurers means that early adopters are beginning to pull away from those persisting with legacy manual processes
The role of a treasurer is complex but today professionals can choose how complex it needs to be Corporate-to-Bank Integration platforms simplify the complicated with streamlined bank connectivity and integration between finance and treasury back-office systems thus improving payments and cash management operations across the organisation
Improve visibility of funds Allocation of funding is improved allowing for optimal deployment of funding globally across the organisation minimising credit usage and optimising cash potential With centralised liquidity management intercompany transactions can be managed with ease unexpected activity can be identified and understood and liquidity can be proactively managed Banks can be added removed and consolidated easily across the centralised platform and access to real-time multi-bank visibility is granted allowing for quick assessments of cash positions with real-time analytics and transaction management
wwwaccesspaycom
17
Proactive risk management The platforms also allow for truly proactive risk management with security maintained by implementing tight control and rigorous compliance measures It means robust regulatory compliance internal governance and user privilege management together with easy payment and cash management workflow orchestration Security is boosted and fraud prevented as payments flow from back-office systems to beneficiary banks with the centralised platform providing single access for all payments and cash visibility requirements
Improve efficiency For many the real benefit of Corporate-to-Bank Integration platforms is the way they improve efficiency across finance and treasury Automation of non-value-added labour intensive and repetitive tasks reduces dependency on the internal workforce and can even remove the requirement for human intervention in certain cases The smooth integration and connectivity of sophisticated platforms mean UK and international banks are easily connected with multiple back-office systems enabling unhindered data flow And at any time as is required enriched data and automated reports are available in whichever format is preferred which enables treasurers to make better more informed decisions
wwwaccesspaycom
For the early adopters of Corporate-to-Bank Integration platforms the technology isnrsquot just changing job roles itrsquos transforming how the organisation can operate in a fast-moving and increasingly demanding digital age
Who does AccessPay work with
International +44 (0)161 885 0661
UK 03300 298 520
wwwaccesspaycom
18
Can I see an Corporate-to-Bank
Integration Platform in action
Book a demo today to see how the AccessPay Corporate-to-Bank Integration Platform can help you transform finance and
treasury operations through better connectivity
Delivering critical cash management insights
95 faster for ITV
ldquoWith AccessPay you log in and you know exactly how much cash you have around the group We were
able to see not just payments that have been made but also receive confirmations back from the bank
Itrsquos made managing our cash a much more joined-up process Itrsquos
really easy to use and itrsquos really made a difference for usrdquo
Karen FaganHead of Treasury Operations ITV
READ FULL STORY
11
Ready to learn more LEARNMORE
wwwaccesspaycomwwwaccesspaycom
3 Finance amp Treasury Reporting
The bedrock upon which any organisation can achieve growth objectives and invest in those areas deemed most important is effective cash management Manually reconciling finance and treasury reporting wastes precious time and canrsquot always be relied on to expose a truly accurate financial picture This is especially true when high-transaction volumes multiple bank accounts and various file formats are added to a melee that spans different time zones and geographically disparate teams
Using real-time data aggregated from bank accounts and transaction data finance and treasury reporting solutions act as a single source of truth for all treasury information Bespoke dashboards allow for analysis of cash liquidity and risk exposure across multiple countries currencies and legal entities delivering insight in real-time With enriched data and automated reports critical information is available when needed in the format needed allowing treasurers to make more informed decisions
Moving to automated processes across systems also reduces operational dependencies by scheduling and automating the retrieval of bank statements transaction data and custom and pre-built reports ndash all of which can be made available in readable and consumable format for you to glean more information out of and scrutinise Automating reconciliation facilitates the transformation of bank data from various formats making it easier to consume in ERP TMS and back-office systems whilst integration between banks and back office systems means better more accurate data for business planning with less chance of error
By removing human intervention internal and external compliance is improved and security risks are further reduced Data integrity is also maintained by managing access on-demand thereby ensuring data cannot be manipulated
When combined these functionalities mean finance and treasury teams are armed with the insights needed to sharpen decision making and invest more time on data analysis to help drive growth and value creation
Learn about AccessPayrsquos integrated solution for finance and treasury reporting
LEARNMORE
Ready to learn more
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for finance and treasury systems consolidation
4 Finance amp Treasury System Consolidation
Compounding the complexity of a treasurerrsquos role is maintaining visibility and control over disparate on-premise finance and treasury systems each with their own workflows and custom integrations to payment schemes and banks Itrsquos a plate-spinning act where should one drop itrsquos not porcelain that is damaged but potentially an organisationrsquos financial position
Consolidating these systems into an integration platform with connectors to multiple banks schemes and applications organisations can visualise payments and cash management workflows between back-office systems and banks in one place At any time they can also edit add or remove workflows in line with the demands of the organisation
By centralising access to all banks via one platform with one set of login credentials treasurers create role-based profiles and workflow and approval rules by functional purpose ensuring access is granted to users with the right level of authority Ideal for organisations with multiple subsidiaries Furthermore treasurers can enable secure file transfer between ERP Treasury Management System Payroll System or CRM with data encrypted in transit whilst maintaining an audit trail of all user actions across the finance and treasury operating model New banks are quickly added easily monitored and access managed through one centrally controlled platform with audit reports provided on all user actions for all payment processes
Connecting cloud ERP systems to payment schemes minimises manual payment processing and the associated risks Statement data is easily consumed from across the organisationrsquos
banking network and routes directly into the ERP or TMS for automated reconciliation By quickly and easily adding scheme bank and message rail connectors into the Corporate-to-Bank Integration platform the need for multiple applications for multiple payment schemes or rails is eliminated
Organisations that take the step to invest in ERP and Treasury Management Systems often do so as a result of significant business transformation and systems consolidation programmes In many such instances integrations with banks or schemes to achieve a truly streamlined and controlled finance operating model require custom file mapping and system development Choosing the right integration platform negates this requirement by enabling access to a suite of bank and scheme connectors that standardise data consumption for all systems in use across the organisation
12
Ready to learn more LEARNMORE
wwwaccesspaycom
5 Multi-bank Visibility
Itrsquos standard practice for organisations to possess multiple bank accounts It makes sound business sense but it also adds a range of complexities to an already difficult role The multi-bank visibility that Corporate-to-Bank integration provides lets treasurers assess their complete cash position at a glance and deliver real-time analytics and transaction management
Once implemented treasurers manage one platform with one username and password through which they view all their bank accounts in one place From this platform treasurers can securely access bank statements and cash position data from across their entire banking estate on one easily managed dashboard breaking down and viewing transactional level data in real-time
Remembering myriad usernames and passwords becomes more of a brain-ache when adding in the number of tokens and the responsibility of deciding who can access what bank account and which transactions and processes they can manage During growth phases itrsquos a brain-ache which takes on a whole new dimension when the inevitable grey areas are flagged up by auditors as a security and compliance issue By implementing segregation of duties and centralised control through one platform treasurers can overcome these challenges whilst securing the transmission of data through a network of secure and encrypted connectors
Full visibility is a powerful feature and treasurers can make it available to those who need it but itrsquos not a level of access all users require By assigning users to specific legal entities regions or individual business requirements Corporate-to-Bank integration facilitates
a workflow process that can be tailored to the needs of the organisation
Convenience visibility and security Yet therersquos more Treasurers are also able to end the manual task of pulling together daily cash reports that take up so much precious time Preparing daily cash positioning and funding activities through early morning number-crunching and out-of-hours data gathering has become the norm for many finance and treasury professionals working to strict deadlines The information is eventually gleaned but at the expense of redirecting resource away from more critical value-adding activity
Using intelligent platforms treasurers will instead be able to arrive in the morning with a report in their inbox outlining detailed global cash positions by bank currency region or legal entity The days of spending the first few hours of the day compiling spreadsheets from multiple sources will be over
Learn about AccessPayrsquos integrated solution for multi-bank visibility
13
14
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for payments automation
6 Payments Automation
Manual payment processing is inherently laden with risk Each transaction is one clumsy digit away from going horribly wrong Such errors do more than simply create an accounting headache though They lead to time-consuming rectifications security exposures and damage reputations
By automating non-value-added tasks ndash of which manual payment processing very much constitute ndash and replacing data entry across different systems such labour-intensive procedures and repetitive tasks are all but eliminated
However itrsquos not just about making payments faster and more accurate Leading solutions allow users such functionality as creating role-based profiles and workflows to ensure only the right people within teams can submit and approve payments Each feature enhances reporting budgeting and auditing and generates electronic trails that are far simpler to follow
To overcome the challenges that finance and treasury professionals face daily leading Corporate-to-Bank Integration platforms are designed to act as your one source of truth for all payments A single system for UK and International payments treasurers have one login and password for all payment and collections requirements Submissions validations and approvals all take place within a secure environment with files uploaded automatically using a suite of connectors that connect to the back-office bank and to all payment schemes and financial messaging rails
Although most organisations now have workflows and controls in place to manage their payments and collection process enforcing systematic segregation of duties is difficult when everyone is on different systems with varying levels of security Using an Corporate-to-Bank Integration
platform every part of the approvals process is controlled by the treasurer and their operations team Duties are segregated and visibility is provided by department and budgetary spend levels keeping everything in order Treasury operations decide who has access to what and when Users can be added and removed bank accounts changed and various departments created all with just a few clicks
With one single point of entry and the capability to track user behaviour exception management auditing and investigation times can be reduced to minutes greatly reducing the risk of employee error or theft For those requiring an additional layer of security and compliance leading-edge platforms offer PGP encryption of data and dynamic data masking giving treasurers the ability to limit sensitive data exposure by masking it to non-privileged users
LEARNMORE
Ready to learn more
15
wwwaccesspaycom
Corporate-to-Bank Integration platforms provide segregation between entities and work-streams They allow for separation of duties the ability to manage user access and to create workflow rules and role profiles for approval and submission of payments With one single point of entry and the capability to track user behaviour exception management auditing and investigation times are reduced from hours to minutes
A single centralised Corporate-to-Bank Integration platform can be used for all payments and cash visibility requirements One login one password no tokens no paper By consolidating all bank access and transaction management into one system treasurers can limit the requirement for individual bank portal access and reduce any security risk associated with logging into multiple banking portals
For those in the professional services industry where the organisationrsquos money must be segregated from the clientrsquos and held in separate bank accounts the ability to view these bank accounts and transactions side-by-side and across one platform is a formidable feature especially when reporting and reconciling external client money
Leading-edge Corporate-to-Bank Integration platforms boast bank-grade security and secure encryption of payments files ensure treasurers have confidence in the ability to shut out third-party breaches Going further proactive and pre-emptive flags highlight potentially fraudulent activity and erroneous transactions meaning treasurers receive alerts automated and sent in real-time thus allowing an action to be taken immediately or prevention of an event completely
7 Security Across Finance Operations
To prevent monetary loss and reputation damage finance and treasury professionals need to become proactive rather than reactive to reducing fraud and errors With different systems banks and an over-reliance on people itrsquos a responsibility than can feel overwhelming The answer lies in prevention detection and response to security threats and centralised control of the security of users systems and applications
With numerous data sources and multiple banking portals and back-office systems an ability to review user data is vital as is the ability to centrally control management of access across these systems
Ready to learn more Learn about AccessPayrsquos integrated solution for security across finance and treasury operations
LEARNMORE
16
Why Corporate-to-Bank Integration is key for your organisation
There comes a point with certain technologies that resistance to uptake no longer merely differentiates those that resist but handicaps them
The sheer scale of functionality capability speed and convenience that Corporate-to-Bank Integration platforms grant treasurers means that early adopters are beginning to pull away from those persisting with legacy manual processes
The role of a treasurer is complex but today professionals can choose how complex it needs to be Corporate-to-Bank Integration platforms simplify the complicated with streamlined bank connectivity and integration between finance and treasury back-office systems thus improving payments and cash management operations across the organisation
Improve visibility of funds Allocation of funding is improved allowing for optimal deployment of funding globally across the organisation minimising credit usage and optimising cash potential With centralised liquidity management intercompany transactions can be managed with ease unexpected activity can be identified and understood and liquidity can be proactively managed Banks can be added removed and consolidated easily across the centralised platform and access to real-time multi-bank visibility is granted allowing for quick assessments of cash positions with real-time analytics and transaction management
wwwaccesspaycom
17
Proactive risk management The platforms also allow for truly proactive risk management with security maintained by implementing tight control and rigorous compliance measures It means robust regulatory compliance internal governance and user privilege management together with easy payment and cash management workflow orchestration Security is boosted and fraud prevented as payments flow from back-office systems to beneficiary banks with the centralised platform providing single access for all payments and cash visibility requirements
Improve efficiency For many the real benefit of Corporate-to-Bank Integration platforms is the way they improve efficiency across finance and treasury Automation of non-value-added labour intensive and repetitive tasks reduces dependency on the internal workforce and can even remove the requirement for human intervention in certain cases The smooth integration and connectivity of sophisticated platforms mean UK and international banks are easily connected with multiple back-office systems enabling unhindered data flow And at any time as is required enriched data and automated reports are available in whichever format is preferred which enables treasurers to make better more informed decisions
wwwaccesspaycom
For the early adopters of Corporate-to-Bank Integration platforms the technology isnrsquot just changing job roles itrsquos transforming how the organisation can operate in a fast-moving and increasingly demanding digital age
Who does AccessPay work with
International +44 (0)161 885 0661
UK 03300 298 520
wwwaccesspaycom
18
Can I see an Corporate-to-Bank
Integration Platform in action
Book a demo today to see how the AccessPay Corporate-to-Bank Integration Platform can help you transform finance and
treasury operations through better connectivity
Delivering critical cash management insights
95 faster for ITV
ldquoWith AccessPay you log in and you know exactly how much cash you have around the group We were
able to see not just payments that have been made but also receive confirmations back from the bank
Itrsquos made managing our cash a much more joined-up process Itrsquos
really easy to use and itrsquos really made a difference for usrdquo
Karen FaganHead of Treasury Operations ITV
READ FULL STORY
LEARNMORE
Ready to learn more
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for finance and treasury systems consolidation
4 Finance amp Treasury System Consolidation
Compounding the complexity of a treasurerrsquos role is maintaining visibility and control over disparate on-premise finance and treasury systems each with their own workflows and custom integrations to payment schemes and banks Itrsquos a plate-spinning act where should one drop itrsquos not porcelain that is damaged but potentially an organisationrsquos financial position
Consolidating these systems into an integration platform with connectors to multiple banks schemes and applications organisations can visualise payments and cash management workflows between back-office systems and banks in one place At any time they can also edit add or remove workflows in line with the demands of the organisation
By centralising access to all banks via one platform with one set of login credentials treasurers create role-based profiles and workflow and approval rules by functional purpose ensuring access is granted to users with the right level of authority Ideal for organisations with multiple subsidiaries Furthermore treasurers can enable secure file transfer between ERP Treasury Management System Payroll System or CRM with data encrypted in transit whilst maintaining an audit trail of all user actions across the finance and treasury operating model New banks are quickly added easily monitored and access managed through one centrally controlled platform with audit reports provided on all user actions for all payment processes
Connecting cloud ERP systems to payment schemes minimises manual payment processing and the associated risks Statement data is easily consumed from across the organisationrsquos
banking network and routes directly into the ERP or TMS for automated reconciliation By quickly and easily adding scheme bank and message rail connectors into the Corporate-to-Bank Integration platform the need for multiple applications for multiple payment schemes or rails is eliminated
Organisations that take the step to invest in ERP and Treasury Management Systems often do so as a result of significant business transformation and systems consolidation programmes In many such instances integrations with banks or schemes to achieve a truly streamlined and controlled finance operating model require custom file mapping and system development Choosing the right integration platform negates this requirement by enabling access to a suite of bank and scheme connectors that standardise data consumption for all systems in use across the organisation
12
Ready to learn more LEARNMORE
wwwaccesspaycom
5 Multi-bank Visibility
Itrsquos standard practice for organisations to possess multiple bank accounts It makes sound business sense but it also adds a range of complexities to an already difficult role The multi-bank visibility that Corporate-to-Bank integration provides lets treasurers assess their complete cash position at a glance and deliver real-time analytics and transaction management
Once implemented treasurers manage one platform with one username and password through which they view all their bank accounts in one place From this platform treasurers can securely access bank statements and cash position data from across their entire banking estate on one easily managed dashboard breaking down and viewing transactional level data in real-time
Remembering myriad usernames and passwords becomes more of a brain-ache when adding in the number of tokens and the responsibility of deciding who can access what bank account and which transactions and processes they can manage During growth phases itrsquos a brain-ache which takes on a whole new dimension when the inevitable grey areas are flagged up by auditors as a security and compliance issue By implementing segregation of duties and centralised control through one platform treasurers can overcome these challenges whilst securing the transmission of data through a network of secure and encrypted connectors
Full visibility is a powerful feature and treasurers can make it available to those who need it but itrsquos not a level of access all users require By assigning users to specific legal entities regions or individual business requirements Corporate-to-Bank integration facilitates
a workflow process that can be tailored to the needs of the organisation
Convenience visibility and security Yet therersquos more Treasurers are also able to end the manual task of pulling together daily cash reports that take up so much precious time Preparing daily cash positioning and funding activities through early morning number-crunching and out-of-hours data gathering has become the norm for many finance and treasury professionals working to strict deadlines The information is eventually gleaned but at the expense of redirecting resource away from more critical value-adding activity
Using intelligent platforms treasurers will instead be able to arrive in the morning with a report in their inbox outlining detailed global cash positions by bank currency region or legal entity The days of spending the first few hours of the day compiling spreadsheets from multiple sources will be over
Learn about AccessPayrsquos integrated solution for multi-bank visibility
13
14
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for payments automation
6 Payments Automation
Manual payment processing is inherently laden with risk Each transaction is one clumsy digit away from going horribly wrong Such errors do more than simply create an accounting headache though They lead to time-consuming rectifications security exposures and damage reputations
By automating non-value-added tasks ndash of which manual payment processing very much constitute ndash and replacing data entry across different systems such labour-intensive procedures and repetitive tasks are all but eliminated
However itrsquos not just about making payments faster and more accurate Leading solutions allow users such functionality as creating role-based profiles and workflows to ensure only the right people within teams can submit and approve payments Each feature enhances reporting budgeting and auditing and generates electronic trails that are far simpler to follow
To overcome the challenges that finance and treasury professionals face daily leading Corporate-to-Bank Integration platforms are designed to act as your one source of truth for all payments A single system for UK and International payments treasurers have one login and password for all payment and collections requirements Submissions validations and approvals all take place within a secure environment with files uploaded automatically using a suite of connectors that connect to the back-office bank and to all payment schemes and financial messaging rails
Although most organisations now have workflows and controls in place to manage their payments and collection process enforcing systematic segregation of duties is difficult when everyone is on different systems with varying levels of security Using an Corporate-to-Bank Integration
platform every part of the approvals process is controlled by the treasurer and their operations team Duties are segregated and visibility is provided by department and budgetary spend levels keeping everything in order Treasury operations decide who has access to what and when Users can be added and removed bank accounts changed and various departments created all with just a few clicks
With one single point of entry and the capability to track user behaviour exception management auditing and investigation times can be reduced to minutes greatly reducing the risk of employee error or theft For those requiring an additional layer of security and compliance leading-edge platforms offer PGP encryption of data and dynamic data masking giving treasurers the ability to limit sensitive data exposure by masking it to non-privileged users
LEARNMORE
Ready to learn more
15
wwwaccesspaycom
Corporate-to-Bank Integration platforms provide segregation between entities and work-streams They allow for separation of duties the ability to manage user access and to create workflow rules and role profiles for approval and submission of payments With one single point of entry and the capability to track user behaviour exception management auditing and investigation times are reduced from hours to minutes
A single centralised Corporate-to-Bank Integration platform can be used for all payments and cash visibility requirements One login one password no tokens no paper By consolidating all bank access and transaction management into one system treasurers can limit the requirement for individual bank portal access and reduce any security risk associated with logging into multiple banking portals
For those in the professional services industry where the organisationrsquos money must be segregated from the clientrsquos and held in separate bank accounts the ability to view these bank accounts and transactions side-by-side and across one platform is a formidable feature especially when reporting and reconciling external client money
Leading-edge Corporate-to-Bank Integration platforms boast bank-grade security and secure encryption of payments files ensure treasurers have confidence in the ability to shut out third-party breaches Going further proactive and pre-emptive flags highlight potentially fraudulent activity and erroneous transactions meaning treasurers receive alerts automated and sent in real-time thus allowing an action to be taken immediately or prevention of an event completely
7 Security Across Finance Operations
To prevent monetary loss and reputation damage finance and treasury professionals need to become proactive rather than reactive to reducing fraud and errors With different systems banks and an over-reliance on people itrsquos a responsibility than can feel overwhelming The answer lies in prevention detection and response to security threats and centralised control of the security of users systems and applications
With numerous data sources and multiple banking portals and back-office systems an ability to review user data is vital as is the ability to centrally control management of access across these systems
Ready to learn more Learn about AccessPayrsquos integrated solution for security across finance and treasury operations
LEARNMORE
16
Why Corporate-to-Bank Integration is key for your organisation
There comes a point with certain technologies that resistance to uptake no longer merely differentiates those that resist but handicaps them
The sheer scale of functionality capability speed and convenience that Corporate-to-Bank Integration platforms grant treasurers means that early adopters are beginning to pull away from those persisting with legacy manual processes
The role of a treasurer is complex but today professionals can choose how complex it needs to be Corporate-to-Bank Integration platforms simplify the complicated with streamlined bank connectivity and integration between finance and treasury back-office systems thus improving payments and cash management operations across the organisation
Improve visibility of funds Allocation of funding is improved allowing for optimal deployment of funding globally across the organisation minimising credit usage and optimising cash potential With centralised liquidity management intercompany transactions can be managed with ease unexpected activity can be identified and understood and liquidity can be proactively managed Banks can be added removed and consolidated easily across the centralised platform and access to real-time multi-bank visibility is granted allowing for quick assessments of cash positions with real-time analytics and transaction management
wwwaccesspaycom
17
Proactive risk management The platforms also allow for truly proactive risk management with security maintained by implementing tight control and rigorous compliance measures It means robust regulatory compliance internal governance and user privilege management together with easy payment and cash management workflow orchestration Security is boosted and fraud prevented as payments flow from back-office systems to beneficiary banks with the centralised platform providing single access for all payments and cash visibility requirements
Improve efficiency For many the real benefit of Corporate-to-Bank Integration platforms is the way they improve efficiency across finance and treasury Automation of non-value-added labour intensive and repetitive tasks reduces dependency on the internal workforce and can even remove the requirement for human intervention in certain cases The smooth integration and connectivity of sophisticated platforms mean UK and international banks are easily connected with multiple back-office systems enabling unhindered data flow And at any time as is required enriched data and automated reports are available in whichever format is preferred which enables treasurers to make better more informed decisions
wwwaccesspaycom
For the early adopters of Corporate-to-Bank Integration platforms the technology isnrsquot just changing job roles itrsquos transforming how the organisation can operate in a fast-moving and increasingly demanding digital age
Who does AccessPay work with
International +44 (0)161 885 0661
UK 03300 298 520
wwwaccesspaycom
18
Can I see an Corporate-to-Bank
Integration Platform in action
Book a demo today to see how the AccessPay Corporate-to-Bank Integration Platform can help you transform finance and
treasury operations through better connectivity
Delivering critical cash management insights
95 faster for ITV
ldquoWith AccessPay you log in and you know exactly how much cash you have around the group We were
able to see not just payments that have been made but also receive confirmations back from the bank
Itrsquos made managing our cash a much more joined-up process Itrsquos
really easy to use and itrsquos really made a difference for usrdquo
Karen FaganHead of Treasury Operations ITV
READ FULL STORY
Ready to learn more LEARNMORE
wwwaccesspaycom
5 Multi-bank Visibility
Itrsquos standard practice for organisations to possess multiple bank accounts It makes sound business sense but it also adds a range of complexities to an already difficult role The multi-bank visibility that Corporate-to-Bank integration provides lets treasurers assess their complete cash position at a glance and deliver real-time analytics and transaction management
Once implemented treasurers manage one platform with one username and password through which they view all their bank accounts in one place From this platform treasurers can securely access bank statements and cash position data from across their entire banking estate on one easily managed dashboard breaking down and viewing transactional level data in real-time
Remembering myriad usernames and passwords becomes more of a brain-ache when adding in the number of tokens and the responsibility of deciding who can access what bank account and which transactions and processes they can manage During growth phases itrsquos a brain-ache which takes on a whole new dimension when the inevitable grey areas are flagged up by auditors as a security and compliance issue By implementing segregation of duties and centralised control through one platform treasurers can overcome these challenges whilst securing the transmission of data through a network of secure and encrypted connectors
Full visibility is a powerful feature and treasurers can make it available to those who need it but itrsquos not a level of access all users require By assigning users to specific legal entities regions or individual business requirements Corporate-to-Bank integration facilitates
a workflow process that can be tailored to the needs of the organisation
Convenience visibility and security Yet therersquos more Treasurers are also able to end the manual task of pulling together daily cash reports that take up so much precious time Preparing daily cash positioning and funding activities through early morning number-crunching and out-of-hours data gathering has become the norm for many finance and treasury professionals working to strict deadlines The information is eventually gleaned but at the expense of redirecting resource away from more critical value-adding activity
Using intelligent platforms treasurers will instead be able to arrive in the morning with a report in their inbox outlining detailed global cash positions by bank currency region or legal entity The days of spending the first few hours of the day compiling spreadsheets from multiple sources will be over
Learn about AccessPayrsquos integrated solution for multi-bank visibility
13
14
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for payments automation
6 Payments Automation
Manual payment processing is inherently laden with risk Each transaction is one clumsy digit away from going horribly wrong Such errors do more than simply create an accounting headache though They lead to time-consuming rectifications security exposures and damage reputations
By automating non-value-added tasks ndash of which manual payment processing very much constitute ndash and replacing data entry across different systems such labour-intensive procedures and repetitive tasks are all but eliminated
However itrsquos not just about making payments faster and more accurate Leading solutions allow users such functionality as creating role-based profiles and workflows to ensure only the right people within teams can submit and approve payments Each feature enhances reporting budgeting and auditing and generates electronic trails that are far simpler to follow
To overcome the challenges that finance and treasury professionals face daily leading Corporate-to-Bank Integration platforms are designed to act as your one source of truth for all payments A single system for UK and International payments treasurers have one login and password for all payment and collections requirements Submissions validations and approvals all take place within a secure environment with files uploaded automatically using a suite of connectors that connect to the back-office bank and to all payment schemes and financial messaging rails
Although most organisations now have workflows and controls in place to manage their payments and collection process enforcing systematic segregation of duties is difficult when everyone is on different systems with varying levels of security Using an Corporate-to-Bank Integration
platform every part of the approvals process is controlled by the treasurer and their operations team Duties are segregated and visibility is provided by department and budgetary spend levels keeping everything in order Treasury operations decide who has access to what and when Users can be added and removed bank accounts changed and various departments created all with just a few clicks
With one single point of entry and the capability to track user behaviour exception management auditing and investigation times can be reduced to minutes greatly reducing the risk of employee error or theft For those requiring an additional layer of security and compliance leading-edge platforms offer PGP encryption of data and dynamic data masking giving treasurers the ability to limit sensitive data exposure by masking it to non-privileged users
LEARNMORE
Ready to learn more
15
wwwaccesspaycom
Corporate-to-Bank Integration platforms provide segregation between entities and work-streams They allow for separation of duties the ability to manage user access and to create workflow rules and role profiles for approval and submission of payments With one single point of entry and the capability to track user behaviour exception management auditing and investigation times are reduced from hours to minutes
A single centralised Corporate-to-Bank Integration platform can be used for all payments and cash visibility requirements One login one password no tokens no paper By consolidating all bank access and transaction management into one system treasurers can limit the requirement for individual bank portal access and reduce any security risk associated with logging into multiple banking portals
For those in the professional services industry where the organisationrsquos money must be segregated from the clientrsquos and held in separate bank accounts the ability to view these bank accounts and transactions side-by-side and across one platform is a formidable feature especially when reporting and reconciling external client money
Leading-edge Corporate-to-Bank Integration platforms boast bank-grade security and secure encryption of payments files ensure treasurers have confidence in the ability to shut out third-party breaches Going further proactive and pre-emptive flags highlight potentially fraudulent activity and erroneous transactions meaning treasurers receive alerts automated and sent in real-time thus allowing an action to be taken immediately or prevention of an event completely
7 Security Across Finance Operations
To prevent monetary loss and reputation damage finance and treasury professionals need to become proactive rather than reactive to reducing fraud and errors With different systems banks and an over-reliance on people itrsquos a responsibility than can feel overwhelming The answer lies in prevention detection and response to security threats and centralised control of the security of users systems and applications
With numerous data sources and multiple banking portals and back-office systems an ability to review user data is vital as is the ability to centrally control management of access across these systems
Ready to learn more Learn about AccessPayrsquos integrated solution for security across finance and treasury operations
LEARNMORE
16
Why Corporate-to-Bank Integration is key for your organisation
There comes a point with certain technologies that resistance to uptake no longer merely differentiates those that resist but handicaps them
The sheer scale of functionality capability speed and convenience that Corporate-to-Bank Integration platforms grant treasurers means that early adopters are beginning to pull away from those persisting with legacy manual processes
The role of a treasurer is complex but today professionals can choose how complex it needs to be Corporate-to-Bank Integration platforms simplify the complicated with streamlined bank connectivity and integration between finance and treasury back-office systems thus improving payments and cash management operations across the organisation
Improve visibility of funds Allocation of funding is improved allowing for optimal deployment of funding globally across the organisation minimising credit usage and optimising cash potential With centralised liquidity management intercompany transactions can be managed with ease unexpected activity can be identified and understood and liquidity can be proactively managed Banks can be added removed and consolidated easily across the centralised platform and access to real-time multi-bank visibility is granted allowing for quick assessments of cash positions with real-time analytics and transaction management
wwwaccesspaycom
17
Proactive risk management The platforms also allow for truly proactive risk management with security maintained by implementing tight control and rigorous compliance measures It means robust regulatory compliance internal governance and user privilege management together with easy payment and cash management workflow orchestration Security is boosted and fraud prevented as payments flow from back-office systems to beneficiary banks with the centralised platform providing single access for all payments and cash visibility requirements
Improve efficiency For many the real benefit of Corporate-to-Bank Integration platforms is the way they improve efficiency across finance and treasury Automation of non-value-added labour intensive and repetitive tasks reduces dependency on the internal workforce and can even remove the requirement for human intervention in certain cases The smooth integration and connectivity of sophisticated platforms mean UK and international banks are easily connected with multiple back-office systems enabling unhindered data flow And at any time as is required enriched data and automated reports are available in whichever format is preferred which enables treasurers to make better more informed decisions
wwwaccesspaycom
For the early adopters of Corporate-to-Bank Integration platforms the technology isnrsquot just changing job roles itrsquos transforming how the organisation can operate in a fast-moving and increasingly demanding digital age
Who does AccessPay work with
International +44 (0)161 885 0661
UK 03300 298 520
wwwaccesspaycom
18
Can I see an Corporate-to-Bank
Integration Platform in action
Book a demo today to see how the AccessPay Corporate-to-Bank Integration Platform can help you transform finance and
treasury operations through better connectivity
Delivering critical cash management insights
95 faster for ITV
ldquoWith AccessPay you log in and you know exactly how much cash you have around the group We were
able to see not just payments that have been made but also receive confirmations back from the bank
Itrsquos made managing our cash a much more joined-up process Itrsquos
really easy to use and itrsquos really made a difference for usrdquo
Karen FaganHead of Treasury Operations ITV
READ FULL STORY
14
wwwaccesspaycomwwwaccesspaycom
Learn about AccessPayrsquos integrated solution for payments automation
6 Payments Automation
Manual payment processing is inherently laden with risk Each transaction is one clumsy digit away from going horribly wrong Such errors do more than simply create an accounting headache though They lead to time-consuming rectifications security exposures and damage reputations
By automating non-value-added tasks ndash of which manual payment processing very much constitute ndash and replacing data entry across different systems such labour-intensive procedures and repetitive tasks are all but eliminated
However itrsquos not just about making payments faster and more accurate Leading solutions allow users such functionality as creating role-based profiles and workflows to ensure only the right people within teams can submit and approve payments Each feature enhances reporting budgeting and auditing and generates electronic trails that are far simpler to follow
To overcome the challenges that finance and treasury professionals face daily leading Corporate-to-Bank Integration platforms are designed to act as your one source of truth for all payments A single system for UK and International payments treasurers have one login and password for all payment and collections requirements Submissions validations and approvals all take place within a secure environment with files uploaded automatically using a suite of connectors that connect to the back-office bank and to all payment schemes and financial messaging rails
Although most organisations now have workflows and controls in place to manage their payments and collection process enforcing systematic segregation of duties is difficult when everyone is on different systems with varying levels of security Using an Corporate-to-Bank Integration
platform every part of the approvals process is controlled by the treasurer and their operations team Duties are segregated and visibility is provided by department and budgetary spend levels keeping everything in order Treasury operations decide who has access to what and when Users can be added and removed bank accounts changed and various departments created all with just a few clicks
With one single point of entry and the capability to track user behaviour exception management auditing and investigation times can be reduced to minutes greatly reducing the risk of employee error or theft For those requiring an additional layer of security and compliance leading-edge platforms offer PGP encryption of data and dynamic data masking giving treasurers the ability to limit sensitive data exposure by masking it to non-privileged users
LEARNMORE
Ready to learn more
15
wwwaccesspaycom
Corporate-to-Bank Integration platforms provide segregation between entities and work-streams They allow for separation of duties the ability to manage user access and to create workflow rules and role profiles for approval and submission of payments With one single point of entry and the capability to track user behaviour exception management auditing and investigation times are reduced from hours to minutes
A single centralised Corporate-to-Bank Integration platform can be used for all payments and cash visibility requirements One login one password no tokens no paper By consolidating all bank access and transaction management into one system treasurers can limit the requirement for individual bank portal access and reduce any security risk associated with logging into multiple banking portals
For those in the professional services industry where the organisationrsquos money must be segregated from the clientrsquos and held in separate bank accounts the ability to view these bank accounts and transactions side-by-side and across one platform is a formidable feature especially when reporting and reconciling external client money
Leading-edge Corporate-to-Bank Integration platforms boast bank-grade security and secure encryption of payments files ensure treasurers have confidence in the ability to shut out third-party breaches Going further proactive and pre-emptive flags highlight potentially fraudulent activity and erroneous transactions meaning treasurers receive alerts automated and sent in real-time thus allowing an action to be taken immediately or prevention of an event completely
7 Security Across Finance Operations
To prevent monetary loss and reputation damage finance and treasury professionals need to become proactive rather than reactive to reducing fraud and errors With different systems banks and an over-reliance on people itrsquos a responsibility than can feel overwhelming The answer lies in prevention detection and response to security threats and centralised control of the security of users systems and applications
With numerous data sources and multiple banking portals and back-office systems an ability to review user data is vital as is the ability to centrally control management of access across these systems
Ready to learn more Learn about AccessPayrsquos integrated solution for security across finance and treasury operations
LEARNMORE
16
Why Corporate-to-Bank Integration is key for your organisation
There comes a point with certain technologies that resistance to uptake no longer merely differentiates those that resist but handicaps them
The sheer scale of functionality capability speed and convenience that Corporate-to-Bank Integration platforms grant treasurers means that early adopters are beginning to pull away from those persisting with legacy manual processes
The role of a treasurer is complex but today professionals can choose how complex it needs to be Corporate-to-Bank Integration platforms simplify the complicated with streamlined bank connectivity and integration between finance and treasury back-office systems thus improving payments and cash management operations across the organisation
Improve visibility of funds Allocation of funding is improved allowing for optimal deployment of funding globally across the organisation minimising credit usage and optimising cash potential With centralised liquidity management intercompany transactions can be managed with ease unexpected activity can be identified and understood and liquidity can be proactively managed Banks can be added removed and consolidated easily across the centralised platform and access to real-time multi-bank visibility is granted allowing for quick assessments of cash positions with real-time analytics and transaction management
wwwaccesspaycom
17
Proactive risk management The platforms also allow for truly proactive risk management with security maintained by implementing tight control and rigorous compliance measures It means robust regulatory compliance internal governance and user privilege management together with easy payment and cash management workflow orchestration Security is boosted and fraud prevented as payments flow from back-office systems to beneficiary banks with the centralised platform providing single access for all payments and cash visibility requirements
Improve efficiency For many the real benefit of Corporate-to-Bank Integration platforms is the way they improve efficiency across finance and treasury Automation of non-value-added labour intensive and repetitive tasks reduces dependency on the internal workforce and can even remove the requirement for human intervention in certain cases The smooth integration and connectivity of sophisticated platforms mean UK and international banks are easily connected with multiple back-office systems enabling unhindered data flow And at any time as is required enriched data and automated reports are available in whichever format is preferred which enables treasurers to make better more informed decisions
wwwaccesspaycom
For the early adopters of Corporate-to-Bank Integration platforms the technology isnrsquot just changing job roles itrsquos transforming how the organisation can operate in a fast-moving and increasingly demanding digital age
Who does AccessPay work with
International +44 (0)161 885 0661
UK 03300 298 520
wwwaccesspaycom
18
Can I see an Corporate-to-Bank
Integration Platform in action
Book a demo today to see how the AccessPay Corporate-to-Bank Integration Platform can help you transform finance and
treasury operations through better connectivity
Delivering critical cash management insights
95 faster for ITV
ldquoWith AccessPay you log in and you know exactly how much cash you have around the group We were
able to see not just payments that have been made but also receive confirmations back from the bank
Itrsquos made managing our cash a much more joined-up process Itrsquos
really easy to use and itrsquos really made a difference for usrdquo
Karen FaganHead of Treasury Operations ITV
READ FULL STORY
15
wwwaccesspaycom
Corporate-to-Bank Integration platforms provide segregation between entities and work-streams They allow for separation of duties the ability to manage user access and to create workflow rules and role profiles for approval and submission of payments With one single point of entry and the capability to track user behaviour exception management auditing and investigation times are reduced from hours to minutes
A single centralised Corporate-to-Bank Integration platform can be used for all payments and cash visibility requirements One login one password no tokens no paper By consolidating all bank access and transaction management into one system treasurers can limit the requirement for individual bank portal access and reduce any security risk associated with logging into multiple banking portals
For those in the professional services industry where the organisationrsquos money must be segregated from the clientrsquos and held in separate bank accounts the ability to view these bank accounts and transactions side-by-side and across one platform is a formidable feature especially when reporting and reconciling external client money
Leading-edge Corporate-to-Bank Integration platforms boast bank-grade security and secure encryption of payments files ensure treasurers have confidence in the ability to shut out third-party breaches Going further proactive and pre-emptive flags highlight potentially fraudulent activity and erroneous transactions meaning treasurers receive alerts automated and sent in real-time thus allowing an action to be taken immediately or prevention of an event completely
7 Security Across Finance Operations
To prevent monetary loss and reputation damage finance and treasury professionals need to become proactive rather than reactive to reducing fraud and errors With different systems banks and an over-reliance on people itrsquos a responsibility than can feel overwhelming The answer lies in prevention detection and response to security threats and centralised control of the security of users systems and applications
With numerous data sources and multiple banking portals and back-office systems an ability to review user data is vital as is the ability to centrally control management of access across these systems
Ready to learn more Learn about AccessPayrsquos integrated solution for security across finance and treasury operations
LEARNMORE
16
Why Corporate-to-Bank Integration is key for your organisation
There comes a point with certain technologies that resistance to uptake no longer merely differentiates those that resist but handicaps them
The sheer scale of functionality capability speed and convenience that Corporate-to-Bank Integration platforms grant treasurers means that early adopters are beginning to pull away from those persisting with legacy manual processes
The role of a treasurer is complex but today professionals can choose how complex it needs to be Corporate-to-Bank Integration platforms simplify the complicated with streamlined bank connectivity and integration between finance and treasury back-office systems thus improving payments and cash management operations across the organisation
Improve visibility of funds Allocation of funding is improved allowing for optimal deployment of funding globally across the organisation minimising credit usage and optimising cash potential With centralised liquidity management intercompany transactions can be managed with ease unexpected activity can be identified and understood and liquidity can be proactively managed Banks can be added removed and consolidated easily across the centralised platform and access to real-time multi-bank visibility is granted allowing for quick assessments of cash positions with real-time analytics and transaction management
wwwaccesspaycom
17
Proactive risk management The platforms also allow for truly proactive risk management with security maintained by implementing tight control and rigorous compliance measures It means robust regulatory compliance internal governance and user privilege management together with easy payment and cash management workflow orchestration Security is boosted and fraud prevented as payments flow from back-office systems to beneficiary banks with the centralised platform providing single access for all payments and cash visibility requirements
Improve efficiency For many the real benefit of Corporate-to-Bank Integration platforms is the way they improve efficiency across finance and treasury Automation of non-value-added labour intensive and repetitive tasks reduces dependency on the internal workforce and can even remove the requirement for human intervention in certain cases The smooth integration and connectivity of sophisticated platforms mean UK and international banks are easily connected with multiple back-office systems enabling unhindered data flow And at any time as is required enriched data and automated reports are available in whichever format is preferred which enables treasurers to make better more informed decisions
wwwaccesspaycom
For the early adopters of Corporate-to-Bank Integration platforms the technology isnrsquot just changing job roles itrsquos transforming how the organisation can operate in a fast-moving and increasingly demanding digital age
Who does AccessPay work with
International +44 (0)161 885 0661
UK 03300 298 520
wwwaccesspaycom
18
Can I see an Corporate-to-Bank
Integration Platform in action
Book a demo today to see how the AccessPay Corporate-to-Bank Integration Platform can help you transform finance and
treasury operations through better connectivity
Delivering critical cash management insights
95 faster for ITV
ldquoWith AccessPay you log in and you know exactly how much cash you have around the group We were
able to see not just payments that have been made but also receive confirmations back from the bank
Itrsquos made managing our cash a much more joined-up process Itrsquos
really easy to use and itrsquos really made a difference for usrdquo
Karen FaganHead of Treasury Operations ITV
READ FULL STORY
16
Why Corporate-to-Bank Integration is key for your organisation
There comes a point with certain technologies that resistance to uptake no longer merely differentiates those that resist but handicaps them
The sheer scale of functionality capability speed and convenience that Corporate-to-Bank Integration platforms grant treasurers means that early adopters are beginning to pull away from those persisting with legacy manual processes
The role of a treasurer is complex but today professionals can choose how complex it needs to be Corporate-to-Bank Integration platforms simplify the complicated with streamlined bank connectivity and integration between finance and treasury back-office systems thus improving payments and cash management operations across the organisation
Improve visibility of funds Allocation of funding is improved allowing for optimal deployment of funding globally across the organisation minimising credit usage and optimising cash potential With centralised liquidity management intercompany transactions can be managed with ease unexpected activity can be identified and understood and liquidity can be proactively managed Banks can be added removed and consolidated easily across the centralised platform and access to real-time multi-bank visibility is granted allowing for quick assessments of cash positions with real-time analytics and transaction management
wwwaccesspaycom
17
Proactive risk management The platforms also allow for truly proactive risk management with security maintained by implementing tight control and rigorous compliance measures It means robust regulatory compliance internal governance and user privilege management together with easy payment and cash management workflow orchestration Security is boosted and fraud prevented as payments flow from back-office systems to beneficiary banks with the centralised platform providing single access for all payments and cash visibility requirements
Improve efficiency For many the real benefit of Corporate-to-Bank Integration platforms is the way they improve efficiency across finance and treasury Automation of non-value-added labour intensive and repetitive tasks reduces dependency on the internal workforce and can even remove the requirement for human intervention in certain cases The smooth integration and connectivity of sophisticated platforms mean UK and international banks are easily connected with multiple back-office systems enabling unhindered data flow And at any time as is required enriched data and automated reports are available in whichever format is preferred which enables treasurers to make better more informed decisions
wwwaccesspaycom
For the early adopters of Corporate-to-Bank Integration platforms the technology isnrsquot just changing job roles itrsquos transforming how the organisation can operate in a fast-moving and increasingly demanding digital age
Who does AccessPay work with
International +44 (0)161 885 0661
UK 03300 298 520
wwwaccesspaycom
18
Can I see an Corporate-to-Bank
Integration Platform in action
Book a demo today to see how the AccessPay Corporate-to-Bank Integration Platform can help you transform finance and
treasury operations through better connectivity
Delivering critical cash management insights
95 faster for ITV
ldquoWith AccessPay you log in and you know exactly how much cash you have around the group We were
able to see not just payments that have been made but also receive confirmations back from the bank
Itrsquos made managing our cash a much more joined-up process Itrsquos
really easy to use and itrsquos really made a difference for usrdquo
Karen FaganHead of Treasury Operations ITV
READ FULL STORY
17
Proactive risk management The platforms also allow for truly proactive risk management with security maintained by implementing tight control and rigorous compliance measures It means robust regulatory compliance internal governance and user privilege management together with easy payment and cash management workflow orchestration Security is boosted and fraud prevented as payments flow from back-office systems to beneficiary banks with the centralised platform providing single access for all payments and cash visibility requirements
Improve efficiency For many the real benefit of Corporate-to-Bank Integration platforms is the way they improve efficiency across finance and treasury Automation of non-value-added labour intensive and repetitive tasks reduces dependency on the internal workforce and can even remove the requirement for human intervention in certain cases The smooth integration and connectivity of sophisticated platforms mean UK and international banks are easily connected with multiple back-office systems enabling unhindered data flow And at any time as is required enriched data and automated reports are available in whichever format is preferred which enables treasurers to make better more informed decisions
wwwaccesspaycom
For the early adopters of Corporate-to-Bank Integration platforms the technology isnrsquot just changing job roles itrsquos transforming how the organisation can operate in a fast-moving and increasingly demanding digital age
Who does AccessPay work with
International +44 (0)161 885 0661
UK 03300 298 520
wwwaccesspaycom
18
Can I see an Corporate-to-Bank
Integration Platform in action
Book a demo today to see how the AccessPay Corporate-to-Bank Integration Platform can help you transform finance and
treasury operations through better connectivity
Delivering critical cash management insights
95 faster for ITV
ldquoWith AccessPay you log in and you know exactly how much cash you have around the group We were
able to see not just payments that have been made but also receive confirmations back from the bank
Itrsquos made managing our cash a much more joined-up process Itrsquos
really easy to use and itrsquos really made a difference for usrdquo
Karen FaganHead of Treasury Operations ITV
READ FULL STORY
Who does AccessPay work with
International +44 (0)161 885 0661
UK 03300 298 520
wwwaccesspaycom
18
Can I see an Corporate-to-Bank
Integration Platform in action
Book a demo today to see how the AccessPay Corporate-to-Bank Integration Platform can help you transform finance and
treasury operations through better connectivity
Delivering critical cash management insights
95 faster for ITV
ldquoWith AccessPay you log in and you know exactly how much cash you have around the group We were
able to see not just payments that have been made but also receive confirmations back from the bank
Itrsquos made managing our cash a much more joined-up process Itrsquos
really easy to use and itrsquos really made a difference for usrdquo
Karen FaganHead of Treasury Operations ITV
READ FULL STORY
