PelicanPay, a division of ACE Software Solutions, said that Dutch pension asset manager and administrator PGGM, which has roots in the healthcare and social work sector, has implemented the PelicanPay centralised payments hub.
Rapidly installed, PelicanPay replaces a legacy corporate payment system and processes over 350,000 transactions daily. PGGM is now empowered with visibility as well as full control and compliance over payment traffic.
“PelicanPay consolidates payment processing from multiple departments, enterprise resource planning [ERP] systems and processes using a single payments channel, accessed through a unified command and control centre,” said Parth Desai, president and chief executive officer (CEO) of ACE Software Solutions.
“It is one of the easiest and quickest ways to efficiently gain payment control, reduce cost and lower risk. It provides prompt notification of exceptions and users benefit from the ability to process payments from different sources to multiple banks for timely execution.”
There are various ways for financial institutions to benefit from advanced technologies and business models provided by FinTech's. Whether a business' approach is radical or incremental, data management can help a company to increase their return on investment, argues André Casterman, INTIX.
Tim de Knegt, strategic finance and treasury manager for the Port of Rotterdam, discusses how he is using blockchain, the challenges he will face in his role of treasury over the next 12 months and the advice he would give to someone starting out their career in treasury.
As the May 25 deadline for Europe’s General Data Protection Regulation (GDPR) inches closer, many treasurers are being lumped with the task of ensuring their wider company is compliant.
Apps are a critical part of treasury's shift into mobile banking as 67% of treasury and corporate finance professionals said mobile banking services are of particular interest to them in a recent survey.