The centralisation of treasury and payment functions can create many challenges, including:
- Managing several banking relationships
- Handling different payment standards
- Accommodating manual processes for multiple payment types
To help with these problems SWIFT has opened up its network so that corporates can now implement a single platform to exchange financial information with their banks. To maximise the benefits of this service corporates need to consider how to:
- Rationalise their proprietary banking software
- Achieve STP of payments and statement information
- Transform file formats to the single SWIFT standard
- Improve cash management visibility and working capital management
We can help you achieve all this through the SWIFT for Corporates module of Experian Payments Global Gateway.
The SWIFT for Corporates module delivers the following benefits:
- Allows communication with your banks through a single gateway
- Automates your processes thereby reducing cost, risk and fraud
- Improves cash position visibility
- Simplifies operations by transforming back office format to the SWIFT standard
To find out more on the benefits of the SWIFT for Corporates module download the data sheet.
The SWIFT for Corporates module supports: outgoing payment instructions (MT101, MT103 and MT103+); incoming statement instructions (MT940 and MT942) as well as FileAct. To find out more about the extensive feature list of the module, download the datasheet.