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ING FTP Services
Financial Gateway For ING FTP Servcie. |
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| Payment & Collection Factory |
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PAYMENTS Centralize your payment flow from multiple locations and select your bank(s). Significant cost savings can be gained from restructuring your cash management operations using the payment factory.
Payment module (FXS) works like this: Receive payment instructions from operating companies or enterprises-wide feeds.
Sorts/regroups and stores the payment instructions in a centralized warehouse.
Issues payment instructions to the banks (STP) in the proper electronic format.
Receives reports on your payment instructions from your bank(s).
Issues reports in the proper electronic format for your treasury and accounting systems.
Benefits for corporate cash-management
The architecture brings all payment traffic to the centre of the enterprise for better control.
FXS fits exactly in the shared service centre approach for better enterprise-wide standardisation and cost reduction. The accounts payable area provides a perfect business case to start moving activities to the centre of the enterprise.
The browser-based solution allows you to access the banking data from all over the world.
FXS allows you to enter one-off (urgent) payments directly.
Balance and transaction reporting is integrated for better cash management.
COLLECTIONS Automate the accounts payable and receivable reconciliation processes required by organizations that have multiple locations, using proven and advanced technology.
Collection module (RFS) works like this: Centralized accounts payable and receivable information from operating companies or enterprise-wide feeds.
Receives debtor/creditor information from operating companies or enterprise-wide feeds.
Receives bank statements from your bank(s).
Automatic matching of bank receipts against outstanding invoices and payables.
Non-matched items are presented in a structured way for easy manual matching.
Result is a comprehensive report on matched and unmatched items that will be uploaded to the ERP system.
Key Benefits: Increase productivity.
Reduce direct and indirect administrative costs.
Accelerate bank-to-bank process.
Tighten controls.
Better forecast Working Capital.
"PCF is The Working Capital Enabler"
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| Would you use other institutions than banks for payment services if these non-banks would charge less than banks for the same services? |
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Global Payments & Collections B.V.
