Despite, or perhaps because of, the increasing number of digital payment methods available in the market, many companies struggle to leverage the potential of smart payments. For example, they miss the opportunity for the automatic reconciliation of incoming payments, for the automation of outgoing commission payments and for lower payment transaction costs.
Companies commonly face 3 key issues:
- fragmented visibility of payments coming from different rails/methods
- inefficient manual processes and reconciliation on ERPs
- inefficient manual processing of recurring commission payments
In this webinar, we’ll discuss these issues and offer commentary and insight into solutions for addressing them. We’ll look at a couple of case studies from the automotive and insurance industries where solutions have been deployed and are live, bridging the gap between ERP, payment systems and operations.
Join us for the webinar on October 17th!
Key Learning Objectives:
- Understand how to bridge the gap between ERP, payments systems and operation
- Understand how to automate the reconciliation of payments received from customers
- Understand how to automate the distribution of commissions to brokers on the back of those payment collections.
- Understand how exploiting Open Banking opportunities can improve process flows
