No Need To Change Existing Systems,
Service Providers, Or Institutions
Treasury Automation
Financial Transaction Insights In Real-Time
Treasury Automation
Feature Overview
How The Treasury Automation Feature
Can Bring Value To Your Global Organization
The Treasury Automation capabilities of the Financial Intelligence Solution offer significant improvements in efficiency, accuracy, and compliance. By leveraging these features, organizations can save substantial costs, reduce manual labor, and enhance their financial decision-making processes. Such quantifiable benefits highlight the Solution’s potential for transforming traditional accounting tasks into streamlined, automated processes, allowing a company to focus on growth and strategic initiatives.
Automated Data Entry and Reconciliation
Feature Description: This feature automates the input of financial transactions into the accounting system and reconciles transactions across bank accounts, invoices, and receipts. It uses machine learning algorithms to recognize patterns and categorize transactions accurately.
Business Benefits: Reduces manual data entry and reconciliation efforts by up to 40%. This significant time saving translates into cost reductions, allowing staff to focus on higher-value tasks and reducing the likelihood of errors that can lead to financial discrepancies.
Real-Time Financial Reporting
Feature Description: Generates financial reports in real-time, providing instant access to income statements, balance sheets, and cash flow statements. This capability ensures that an organization can make informed decisions based on the most current financial data.
Business Benefits: Improves financial decision-making efficiency by an estimated 30%. Access to real-time data helps an organization respond more quickly to financial trends and opportunities, improving operational agility and strategic planning.
Tax Compliance Automation
Feature Description: Automates the calculation, reporting, and filing of taxes based on the latest regulations and rates. This feature reduces the complexity of tax compliance and minimizes the risk of errors or penalties.
Business Benefits: Lowers tax-related compliance costs by up to 20%. Automation ensures accuracy and timeliness in tax filings, reducing the risk of penalties and the need for costly corrections or audits.
Expense Management and Control
Feature Description: Streamlines the tracking and management of business expenses, from receipt capture to expense approval and reimbursement. This feature provides insights into spending patterns and helps administer expense policies.
Business Benefits: Achieves a 15% potential reduction in unauthorized or fraudulent expenses. By enhancing visibility and control over expenses, a company can ensure that spending aligns with company policies, leading to more effective cost management.
Integrated Payroll Processing
Feature Description: Offers a comprehensive solution for payroll processing, including automatic calculation of wages, deductions, and taxes, as well as electronic payment distribution. It integrates with time tracking and HR systems for seamless payroll management.
Business Benefits: Reduces payroll processing costs by up to 25%. Automation and integration streamline payroll operations, ensuring accuracy and efficiency and reducing the administrative burden on HR and finance teams.
Cloud-Based Accessibility
Feature Description: Delivers accounting functionalities through a cloud-based platform, enabling secure access to financial data and tools from anywhere, at any time. This promotes collaboration and flexibility within finance teams.
Business Benefits: Enhances operational flexibility and collaboration by approximately 20%. Cloud accessibility allows for real-time updates and insights, supporting remote work and ensuring that financial operations can continue seamlessly, regardless of location.
Treasury Automation
One System, In Real-Time
One System – In Real-time
INSTANT® enables you to automate and streamline all Accounting and Finance processes. That means everything from revenue recognition, reconciliation, and consolidation to company-wide compliance and reporting.
INSTANT provides a single point of connection – from which it automatically and intelligently collects, sorts, and integrates data from disparate sources within your existing data infrastructure.
INSTANT’s innovative suite of services provides peace of mind by ensuring nothing is overlooked or mischaracterized.
Additional benefits include:
- Fast, transparent consolidation of all financial information
- Streamlined data for Accounting and Finance purposes
- Enhanced control of financial statements
- Proactive governance (including intercompany transactions)
INSTANT solutions have a high ROI (typically more than 100%) and a short payback period (averaging 6-8 months). Additional benefits of adopting Instant’s comprehensive solutions include:
- 80% less expense for collections administration – from fewer uncollectible Accounts Receivable (A/R) and fewer processing errors [1]
- 75% fewer errors in selected control activities –such as managing exception items – with lower expenses due to control monitoring [2]
- 65% overall cost reduction – from changes to Cash and Treasury management1
[1] Based on INSTANT performance benchmarking.
[2] Based on a global pharmaceutical customer’s case study.
INSTANT provides real-time information to manage your entire enterprise more proactively and effectively. Its coordinated processes automatically collect, analyze and present actionable data and insights from across your global operations – making every aspect of your accounting infrastructure available – on demand.
Simplified Connectivity
INSTANT’s integrated architecture simplifies the processes of data aggregation and consolidation by connecting to all global banks, payment processors, and payment types – through one network connection.
Key results include:
- Ability to leverage a standardized messaging format – for all payments – without making any changes to your existing financial partners or data infrastructure.
- Centralization that improves authorization rates and reduces declined transactions.
A Single Source
With just one network connection, your global operations can receive data about functions such as Accounting, Financial Management, Supply Chain Management, Customer Insight, and others.
- All relevant data is automatically collected and analyzed, then presented promptly and proactively via intuitive, customizable dashboards.
- This access to powerful, on-demand (real-time) insights – via a “single pane of glass” – facilitates better decisions and data-driven processes.
Global Accounting – Instantly
INSTANT provides real-time accounting information for all financial activity – worldwide. The system’s dynamic analysis incorporates data from every payment transaction, at every one of your locations, across the globe.
Demonstrated benefits include:
- Savings of 15+ basis points from reduced cash management costs
- Significant savings in the cost of managing credit, currency, and float
Actionable Data & Insights
INSTANT provides unprecedented access to real-time insights across your global footprint, positioning you to make more-informed business decisions. INSTANT also provides new abilities to recognize critical items, such as:
- Identifying potential risks before they negatively impact your Balance Sheet.
- Monitoring business performance and market insights – in real-time.
- Obtaining full visibility into all aspects of your supply chain – on demand.
Single Connection
INSTANT simplifies data management. A single link connects you to all banks, payment processors, and payment types – worldwide – instantly. It also delivers corresponding data and insights in a single, standardized message format. This consolidated and integrated structure centralizes all necessary connectivity and streamlines your data architecture.
Rather than provisioning, monitoring, and maintaining as many as 250 different connections, INSTANT customers leverage a single point of connection to all of their data sources – worldwide
With INSTANT’s real-time data aggregation and analysis, you’ll realize the convenience and efficiency of centralized connectivity, including the following tangible benefits:
- Up to 90% productivity gains – from fewer payment partners (and fewer platforms to manage)
- Up to 50% efficiency gains – when accepting payments, particularly in overseas markets
Accounts Receivable, Billing & Revenue Management
INSTANT ensures the best payment experience for your customers. INSTANT’s solutions are available via both subscription and usage-based models, with advanced payment cycles, invoice accounting, and many other benefits, including:
- Single point of integration for global payment acceptance
- Automated receivables management
- Streamlined individual (and mass) billing
- Intelligent payment matching
