With fraud being an ever-present concern, when dealing with manual payments, companies are looking for a better solution. Needing greater security, better documentation processes, and an easy audit is at the top of financial leaders’ minds, but not all leaders know that there is a way to do this with manual payments. The truth is though that you can do all the above by changing the way you approach manual payments.
The ‘four eyes’ principle — introducing approvals and mandatory supporting documentation for all kinds of payments.
Secure payment initiation (PAIN) file creation — protecting approved payment documents from tampering
End-to-end payment management — closing the process loop with automated journal postings based on the executed payment
Easy audit — tracking irregularities and providing a clear audit trail
Solutions Consultant
Aico
Treasury Specialist
Bonnier