2874866_Payments

Are you able to manage increasing payment volumes?

QUESTION 2

Do you have a clear view into your payments processing costs and how to lower them?

QUESTION 3

IS YOUR PAYMENTS TECHNOLOGY ON TRACK?

Take the quiz

Are you able to manage increasing payment fraud risk?

QUESTION 4

But could you go further? Even if your payments technology is serving you well in some areas, there may still be room for improvement. What if you had visibility into the payments leaving your organization across all your payment systems? What if you could earn revenue by enrolling your vendors into a virtual card program? Or validate company ID and/or bank ID for all payments with advanced payment fraud detection? Modernize your payments processes today.

You're on the right TRACK

congratulations

Are your payment solutions and processes hosted with an outside vendor?

QUESTION 5

Optimizing payments processes is key to keeping costs down, improving cash visibility, increasing controls, mitigating risk and leveraging the latest payment innovations. While most treasurers and finance professionals recognize the need for digital solutions, not all vendors offer the same value. From revenue-generating payment solutions to payment hubs that can help centralize payments, choosing the right solutions and vendor is critical. Not sure if your payments processes are on the right track?

We have centralized our payments processes with automation and workflows, helping us improve our controls around who can approve payments and thus mitigate risk.

Our existing systems for managing and overseeing payments within the organization lack standardization. In the absence of a unified view of all outgoing financial transactions and a consistent approval process, we're often blind to fraudulent payments until the subsequent day.

We have outsourced our check printing processes and are using a cloud-based payment hub solution to centralize and standardize our payments processes.

All our payment solutions are hosted on-premises and managed by our IT department. We find it hard to stay on the latest versions of our payment solutions. We also have a large team managing our check printing processes.

Learn more

There’s room for improvement – and we can help. By working with a partner that invests in its solutions, innovation, customer service and risk, you’ll be better prepared for today’s challenges. And by modernizing your payments processes, you will have more visibility and control across all the payments leaving your organization. You can cut costs, earn revenue and mitigate fraud risk. Modernize your payments processes today.

LET’S GET YOU BACK ON TRACK

DON’T WORRY

Take the quiz again

We have multiple payment systems, multiple ERPs, multiple payments processes and payments in multiple currencies.

We have streamlined our processes and are leveraging just a few payment solutions to manage our payments processes.

YES

Have you simplified your payments processes?

QUESTION 1

As our company continues to grow, there emerges a simultaneous increase in our vendor network and the volume of transactions we manage. Our growth is further compounded by strategic acquisitions, compelling us to assimilate new payment procedures and systems into our operations.

Our company has optimized and centralized our payments processes. We also outsource our check printing and digital payments.

YES

We have disparate processes and systems and lack visibility. In the U.S., we are still processing checks and ACH payments. We are also connected to numerous banks and our bank fee and transaction fee structure is not cost effective.

We have a centralized view. We outsource our payments processes to help reduce costs and manual processes. We have also streamlined our bank connectivity processes, helping us reduce bank fees and transaction costs.

YES

Learn more

We don’t have a huge team to help enroll vendors into a virtual card program. We are also connected to our banks via labor-intensive and costly direct bank-to-bank connections.

We have enrolled our vendors to accept virtual cards to earn additional revenue and increase our speed of payment. We also connect to our bank via an API to help simplify bank connectivity and leverage broader and easier access to payments ecosystems and innovation happening in the industry.

YES

Are you able to leverage the latest payment innovations like virtual cards, APIs, etc.?

QUESTION 6

www.fisglobal.com/contact-us