No Need To Change Existing Systems,
Service Providers, Or Institutions
Enterprise Financial Hub
Global Payment Transaction Insights In Real-Time
Enterprise Financial Hub
Feature Overview
How The Enterprise Financial Hub Feature
Can Bring Value To Your Global Organization
The Enterprise Financial Hub within the Payments Orchestration Solution offers comprehensive capabilities for modernizing and streamlining financial operations. Businesses can achieve significant savings and efficiency improvements by leveraging unified payment processing, automated reconciliation, real-time reporting, global compliance management, fraud prevention, flexible integration, and scalable infrastructure. The quantified benefits highlight the potential for substantial cost reductions, enhanced operational efficiency, and improved financial management, making it a vital tool for businesses aiming to optimize their financial operations and support growth.
Real-time Financial Reporting
Feature Description: Provides real-time access to financial data and analytics, allowing businesses to monitor their financial status instantly. This capability supports better decision-making and financial planning.
Business Benefits: Enhances decision-making speed and accuracy by approximately 25%, enabling businesses to respond more quickly to financial trends and make informed decisions based on current financial data.
Unified Payment Processing
Feature Description: Consolidates multiple payment methods and channels into a single platform, enabling the processing of transactions across various networks, including credit cards, bank transfers, digital wallets, and more.
Business Benefits: Reduces payment processing costs by up to 20% by eliminating the need for multiple processing systems and vendors. Streamlining payment methods also enhances the customer payment experience, potentially increasing conversion rates.
Automated Reconciliation
Feature Description: Automates the reconciliation of incoming and outgoing payments with internal financial records, ensuring accuracy and reducing the manual effort required to match transactions.
Business Benefits: Improves operational efficiency by an estimated 30%, reducing the workforce needed for manual reconciliation and decreasing the likelihood of errors. This automation leads to faster closing of financial periods and improved financial reporting accuracy.
Global Compliance Management
Feature Description: Ensures compliance with international payment regulations and standards, reducing the risk of non-compliance penalties. This feature automatically updates to adapt to changes in regulatory requirements.
Business Benefits: Reduces compliance-related costs by up to 40% by automating the adherence to international payment regulations. This minimizes the risk of fines and enhances the brand’s reputation by ensuring secure and compliant transactions.
Fraud Detection and Prevention
Feature Description: Integrates advanced fraud detection algorithms to monitor transactions in real-time, identifying and preventing fraudulent activity before it impacts the business.
Business Benefits: Decreases fraud-related losses by up to 50%, protecting revenue and enhancing customer trust. Businesses also reduce the operational costs associated with resolving fraudulent transactions by preventing fraud.
Flexible Integration Capabilities
Feature Description: Offers APIs and SDKs for easy integration with existing business systems, including ERP, CRM, and accounting software, ensuring seamless data flow and financial management.
Business Benefits: Increases IT efficiency by approximately 20%, reducing the time and resources required for system integrations. Flexible integration capabilities ensure businesses can easily adapt the platform to their existing technological ecosystem, enhancing overall operational efficiency.
Scalable Payment Infrastructure
Feature Description: Provides a scalable platform that can easily adjust to the changing volume of transactions, supporting business growth without the need for significant infrastructure changes.
Business Benefits: Supports revenue growth without proportional increases in payment processing costs, potentially improving profitability margins by up to 15%. Scalability ensures that businesses can handle increased transaction volumes efficiently as they grow.
Enterprise Financial Hub
Centralized Payments System
Connecting All Payments
The INSTANT® centralized payments hub is a highly efficient and comprehensive transaction processing system designed to facilitate and manage all aspects of payments and related messaging/connectivity. This payment hub offers a range of services, including cash management, reconciliation, statement management, compliance, data governance, and detailed reporting.
INSTANT’s payments hub is distinct from – and outperforms – legacy (generic) payment systems, platforms, frameworks, and gateways. INSTANT outperforms all these combined. INSTANT offers dynamic modules and services that communicate internally, eliminating the need for unwarranted data travel between services, data redundancy, and fragile data mapping services.
With its user-friendly interface and dashboards, INSTANT provides real-time visibility, control, and operational support across all departments within your enterprise. This dynamic source of information and insight ensures that all of your payments and transactions are managed smoothly and efficiently, with minimal disruption or errors.
Instant Messaging System (IMS)
IMS is an innovative system that manages external and internal messaging applications within the enterprise, facilitating the secure exchange of messages, files, and documents. It also provides value-added services and takes accountability for enterprise data. Unlike traditional Enterprise Message Hubs, Enterprise Service Buses, Application Integration Services, Data Governance, and Information Reporting systems, IMS optimizes processes to enhance operational efficiencies across all business departments, compliance groups, and stakeholders. INSTANT’s advanced message mapping function achieves high throughput rates – i.e., several million messages per hour – while providing and offering secure access for visibility and control, ensuring the safety and accessibility of financial data and intelligence.
Types of Payments
(1) ACH Payments
INSTANT’s ACH capability supports batch and real-time processing while addressing all message standards. In addition, you’ll be able to integrate multiple source systems – without having to modify them.
The module offers:
- Intuitive user interface and dashboards
- Control over individual transactions
- INSTANT integration with multiple source systems
- Generate and send out inward returns
- Utilize session and cut-off time management
- Mandate management workflows
- Manual creation of messages for contingency situations
- Reach 100% STP
- Reference data for enrichment, validation, and substitution
- Compliance checks against multiple databases
- Duplicate checks at multiple stages
- Platform agnostic – capable of running on any platform
With INSTANT, you can now engage different processing rules for each transaction based on content and context.
Formats and protocols supported include the following:
- MT/MX, ISO 15022/20022
- NACHA or equivalent formats
- Excel, XML, CSV, fixed length
- Batch loads (in any format)
- SWIFT FIN, FileAct, Interact
- Files, Queues, Web-Service
(2) Accounts Receivables (A/R)
Using cloud technology and bank processor tokenization services, INSTANT enables secure acceptance of payments via all sources, including ACH, credit cards, debit cards, crypto, checks, integrated wallet, and procurement payments. This flexibility minimizes risk and eliminates the need to store credit card information, making it easier and more cost-effective to achieve PCI-DSS compliance. Our solution also features a low-footprint, pre-programmed component for faster deployment without additional hardware. In addition, it includes a variety of transaction processor connections, automated postings, customizable payment modules, and 24/7 global support. Finally, it integrates with eCommerce solutions and directly settles open A/R transactions for term customers.
(3) Real-Time Gross Settlement (RTGS) Payments
Real-Time Gross Settlement (RTGS) is a funds transfer system that allows the instantaneous transfer of money and/or securities. It reflects the continuous process of settling payments on an individual order basis without netting debits and credits across the books of a central bank. RTGS payments differ from ACH payments as follows:
- RTGS payments are high-value and/or high-priority payments that are settled immediately, one by one, in the RTGS.
- ACH bulk payments are typically low value and less urgent and are netted in real-time and then settled in one or more batch file runs during the banking day.
INSTANT takes transacting high-value payments to a new level by:
- Addressing all stakeholders
- Supporting all message standards
- Integrating source systems without modifications
INSTANT’s RTGS module offers:
- Intuitive user interface and dashboards
- Control over individual transactions
- INSTANT integration with multiple source systems
- Generate and send out inward returns
- Utilize session and cut-off time management
- Mandate management workflows
- Manual creation of messages for contingency situations
- Reach 100% STP
- Reference data for enrichment, validation, and substitution
- Compliance checks against multiple databases
- Duplicate checks at multiple stages
- Platform agnostic – capable of running on any platform
It also addresses engaging of processing rules differently for each payment based on content and context.
Formats and Protocols supported:
- MT/MX, ISO 15022/20022
- Excel, XML, CSV, Fixed Length
- SWIFT FIN
- Queues, Web-service
