Banking and Cash | Financial Management
Payments and Transfers
Outbound payment with approval and verification inside the flow.
What it does
Inside Payments and Transfers.
A payment cannot be released by the person who created it.
01
Payment initiation from approved payables and manual requests
02
Bank detail verification and change control before release
03
Dual release with segregation between initiator and releaser
04
Settlement status written back to the source document
Where it sits
Part of Banking and Cash.
Connected Bank Feeds Accounts connected once, transactions arriving continuously. Bank Reconciliation Statement lines matched to postings, with the difference explained. Cash Position Group cash by entity, bank and currency, current now. Cash Forecasting Expected cash built from what is actually committed. Card Accounts Issued cards, limits and spend on the same record as the journal. Cash Operations Deposits, expected receipts and own-account transfers as tracked documents. Direct Debits Mandates held on file, and the collection runs presented against them. Payment Files The file the bank actually receives, tracked to what the bank did with it. Matching Rules How the engine decides two records are the same document, as configuration. Reconciliation Exceptions Every open difference across every engine, in one queue, largest first.
Run Payments and Transfers against your books.
A working session on your structure and a month of your documents.