How payment factories improve liquidity management through centralised control and visibility

Hans Cobben

Journal of Payments Strategy & Systems, 2008, vol. 2, issue 2, 192-196

Abstract: Simply put, a payment factory is a critical element in a company's cash management and liquidity strategy. Many corporations manage payables processes, payments and banking relationships at the subsidiary or business unit level. While this method offers flexibility, it can also result in increased transaction costs, poor visibility, higher cost of ownership, increased fraud and the lack of standardisation as each locality supports a fragmented view of cash. Driven by tighter regulations and the need for better cash management, corporations are more focused on expanding insight into their cash positions and forecasts. Payment factories allow organisations to realise company-wide centralisation of payment processing connectivity with local subsidiaries, allowing payment capture and processing, account statement retrieval and reconciliation within a single centralised solution.

Keywords: Payment hub; SEPA; corporate payments; payments processing (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hstalks.com/article/4775/download/ (application/pdf)
https://hstalks.com/article/4775/ (text/html)
Requires a paid subscription for full access.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aza:jpss00:y:2008:v:2:i:2:p:192-196

Access Statistics for this article

More articles in Journal of Payments Strategy & Systems from Henry Stewart Publications
Bibliographic data for series maintained by Henry Stewart Talks ().