How to Bridge the Gaps in Global Payment Lifecycle Management

For over years Ive worked within leading global payments organisations, helping companies efficiently manage their international transactions. While we offered cuttingedge solutions, a crucial gap remaineda lack of pre and postpayment support. We focused solely on executing payments, neglecting the complexities of the entire payment lifecycle for our corporate clients. Ironically, even within these organisations, we at times encountered challenges optimising our own internal financial flow management. This realisation sparked the ideas behind this article and some of the solutions we offer at Fennech. We bridge the gap by providing a truly 360degree payment experience. Problems in Treasury Cashflow Management: 1. Manual Processes and ErrorProne Workflows: Time consuming invoice approvals. Error-prone manual data entry. 2. Lack of Financial Integration: Disconnected core business applications and banking systems. 3. High Operational Costs: Inefficient allocation and reconciliation processes. 4. Poor Liquidity Management: Limited visibility and control over cash flow. 5. Security Risks: Vulnerability to fraud and errors in manual handling. Addressing these treasury cashflow issues can improve operational efficiency and enhance financial control and security. By closing the loop on cash management automation, streamlining cash flow processes, and leveraging payment automation, your organisation can achieve a smoother, more reliable financial operation.