Payment crime has grown into a rampant threat for treasuries of all sizes. Perpetrators of payment crime have grown more sophisticated and capable than ever before. Accordingly, countless treasury teams across the globe are struggling to acquire and implement immediate payment protection capabilities.
The key to successful payment protection lies in understanding the points of vulnerability within your organization that are likely to be targeted for attack, and implementing a proactive defense against such attacks.
When deciding on a new TMS, Alhokair Group sought a single solution that could support its cash, liquidity, financing, investment and risk management needs across domestic and international businesses, and integrate closely with their internal ERP and external partners such as banks. The team reviewed several platforms, many of which provided very strong capabilities. However, given the changes that are taking place both within the business and the markets in which they operate, and the step change being made in treasury to move from manual processes to an automated, best-in-class operation, we were particularly attracted to the flexibility that TreasuryXpress offered. >>>Read more
Every day, Clearsettle receives ~$2.7M in transactions daily into numerous bank accounts across the globe. The ability to track and manage these transactions accurately, make real-time payments back to the merchants while managing our own FX and internal liquidity, was becoming more challenging every day. We did not have an efficient or centralized means to manage these transactions across more than 30 different banking systems. We knew we would soon be facing the perfect storm of high transaction volumes and FX complexity.