Bulk payment runs have traditionally meant one of the following for corporate clients; either further resource or increased protocols to mitigate flaws in legacy banking platforms. Whether this be a limit of only single payment capability or multiple checks on beneficiary details, both lead to time and cost inefficiencies within payment processes.
This no longer needs to be the case. Our partners proprietary payment platform encompasses a bulk payment solution. We provide a template that allows data to easily be imported from an ERP or manually updated, before being uploaded and screen checked by the system for any potential error. This allows clients within sectors such as insurance, payroll, royalties, travel and hospitality to process thousands of payments with significantly reduced risk of non-delivery. The platform caters for multiple-currency and offers cost and time improvement against industry peers.