Security and Risk Management in Payment Transactions
Alongside smaller companies, there are still many medium and largesized companies that have not yet implemented real-time monitoring of their payment processes. The result? These organizations then fail to discover missing cash until the end of the month. This is often the case despite tried-and-tested digital payment platforms that standardize and automate cash flows being readily available in the market. With such tools, corporations are provided with the necessary controlling and an uninterrupted overview of these cash flows.
For this reason, a central record of all existing accounts and payment governance are indispensable for any company. Moreover, central payment solutions not only provide protection against fraud, but also reduce costs to process payment flows. They also trigger an alarm if unusual transactions occur, making hidden bank accounts and a black economy a thing of the past.
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TIS Sanction Screening - One Tool, Greater Security
Government-imposed embargoes and sanctions on who you can trade with and how, are changing almost daily which poses a great risk to your business. How do you keep up-to-date with which payments and cash transfers are allowed?
While you may have successfully worked with many of your suppliers for a number of years — and know them well — do you have the same visibility over those working with your subsidiaries? What measures are in place to deal with invoices that cannot be paid? The penalties if you get it wrong are huge, in lost reputation a ...
Transparency, centralisation and management of international transactions
Today we see many CFOs are making progress towards creating a technology-enabled finance function, but much work lies ahead. Too many companies still rely on outdated data for key decision-making and experience challenges of consolidating numerous disparate systems. For the successful delivery of insightful analytics, the capacity in the finance function must be released by the introduction of far more automated and efficient payment processes. Underpinning all of this will be digital technologies, mobile e-enabled finance tools, leading-edge d ...
Delivering Modern Working In Manufacturing
Manufacturing organisations find themselves facing multiple challenges and opportunities.
These include managing the complexities of remote working, keeping ever more complex production lines running efficiently, enabling and empowering employees and maintaining the highest levels of customer service. ...
Empower Your People To Boost Productivity
Today, keeping manufacturing processes running smoothly calls for close collaboration – between personnel, between machines and increasingly, between people and equipment.
New digital solutions are providing more ways for employees to access data wherever they work and more flexible communications that support the never-ending quest for higher productivity.
In this Insight Guide, we look at some of the ways digital transformation can help manufacturing organisations meet the growing challenges of a changing world and deliver better custom ...
Five Ways Hands-On Digital Tools Help Manufacturers
As the fourth industrial revolution unfolds, digital technologies are providing powerful solutions to the existing and emerging challenges facing manufacturers.
From car making to cosmetics production, nearly 65 per cent of UK businesses plan to invest in innovative digital technologies including automation, artificial intelligence (AI) and additive manufacturing over the next couple of years. ...