ACE Software has launched its new PelicanPay service for corporates at the EuroFinance conference being held this week in Monte Carlo. The global payments hub has already secured SWIFTReady for Corporates certification for both treasury and cash management.
PelicanPay is a global payments hub that allows corporates operating in a multi-bank and/or multi-ERP (enterprise resource planning) environment to control and manage payments securely through a single, single euro payments area (SEPA)-compliant channel. The cloud-based solution enables a quick implementation without capital expenditure (capex), as charges are applied on a usage basis.
“SWIFTReady application certification is considered to be an extremely valuable part of the selection process for customers,” said Filip Versluys, SWIFT’s head of partner marketing. “Achieving this certification demonstrates an important commitment to industry standards and evolving customer requirements. ACE has been a reliable, certified SWIFT partner for over 12 years.”
Built using natural language processing, PelicanPay aims to reduce risks and exceptions as a quick and easy way for corporates to comply with SEPA. It has also been designed with best practice in payments in mind to give users visibility and control over both cash and risk management.
“Instead of corporates having to maintain multiple payment gateways to multiple banks from multiple ERP systems, PelicanPay provides a single payments channel, accessed through a central command centre,” said Parth Desai, director, ACE Software. “This ensures global tracking and visibility of all payments in any format, at anytime, anywhere. This rapid certification from SWIFT is testament to the effectiveness of our corporate solution.”
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.
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