Visibility of incoming payments
Thanks to SWIFT gpi, corporate treasurers have access to much richer and more transparent information on the cross-border payments they initiate through their banking partners.
However, for corporates receiving payments, getting visibility on incoming transactions for reconciliation and forecasting purposes remains a burden.
That’s why we partnered with major banks, corporates and vendor AccessPay to run a Proof of Value exercise to establish whether a visibility on incoming payments service would alleviate these pain points.
The project revealed a number of key benefits for both banks and corporates, including:
- Reduction in exceptions and investigations for banks
- Integrated treasury processes for corporates
- Enhanced forecasting and reconciliation
Read more about the service in our proof of value report.
This PoV is now materialising into a pilot project, commencing in Q3 2019.
Can visibility on all incoming cross-border payments help corporates achieve greater efficiency?