Enabling treasury efficiencies
As a corporate treasurer, once you have sent cross-border payment instructions to your bank, you typically have no sight on what actually happens with that demand or the final amount credited to the beneficiary. This can lead to problems with suppliers or end-customers and increase financial risks resulting from payment delays.
Today, SWIFT gpi has transformed treasurers’ cross-border payments experience, by:
- Enabling end beneficiaries to be credited in minutes
- Allowing payments to be tracked from start to finish, like a parcel
- Offering transparency on bank fees & FX rates;
- Ensuring remittance data remains unaltered
With SWIFT gpi your cross-border payments processing will become much more efficient, shortening your supply cycles, speeding up your critical payments to minutes and reducing your exposure to FX risks. For the first time you will have a real-time, end-to-end, view on your cross-border payments flows, allowing to improve also your cash forecasting and optimize your liquidity. And gpi enables your banks to send you a confirmation notice when the money reaches your recipient’s account – providing certainty that the beneficiary has been credited.
Contact us today or talk to your bank today about their SWIFT gpi offer.