How does Fennech’s payment orchestration system work?

Fennech Financial's Payment Orchestration System uses its cloud-based F³ (Fennech Financial Framework) to automate and streamline financial operations. It integrates features from Core Banking Systems, ERP, and Treasury Management Systems for enhanced efficiency and control. Key functionalities include: Digital Contracts & Smart Transactions: Automate transaction execution and settlement. Auto Payments: Process large-scale payables and receivables with customizable rules. Reconciliation Manager: Automatically match incoming payments with ledger transactions. Virtual Accounts: Simplify account management and reduce banking costs with unlimited virtual accounts. Integration Flexibility: Seamlessly connects to existing systems, banks, and APIs, supporting real-time operations across geographies and currencies. This system optimises payment workflows, reduces manual intervention, and improves operational efficiency for businesses.

Is Fennech Financial compliant with international payment and data protection regulations?

Yes, Fennech adheres to global financial regulations and data protection standards, including GDPR, PSD2, and local compliance requirements in its operating regions.

What is Fennech Financial and what services do you provide?

Fennech Financial is a Next-Gen Corporate Banking Platform as a Service. We deliver Hyper-automation of Finance, Treasury, and Payment solutions in real time on One Platform, The Fennech Financial Framework (F³). Our ultimate goal is to help you automate and optimise financial workflows to enhance efficiency, accuracy, and compliance in treasury and financial operations. You can use as many or as little of our solutions to suit perfectly your requirements. Find out more by exploring our solutions.

Fennech Payment Types: FPS and BACS Benefits Explained

Fennech offers various payment types to aid its clients. With Faster Payments (FPS), transactions are quick and efficient. Bankers' Automated Clearing System (BACS) is perfect for scheduled payments, like salaries. These options within Fennech's solutions ensure flexibility and speed, benefiting your business by making financial management simpler and more effective.

Chief Revenue Officer

Melina Moussali

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Exploring Fennechs UK Payment Solutions: FPS, BACS, and ICS Benefits

Let's dive into how Fennech uses various payment types like FPS and BACS to help its clients, focusing on SME and enterprise finance leaders.

Treasury Management Solutions for All

Fennech offers a wide range of treasury management solutions suitable for any organisation, whether you're a small SME or a large enterprise. From full in-house banking to next-generation treasury systems, Fennech provides pioneering alternatives to traditional Treasury Management Systems (TMS). For larger organisations, our hyper-automated solutions can handle complex treasury operations seamlessly. For smaller businesses, our Treasury as a Service offering delivers on-demand, simpler treasury management modules.

By using different payment types like FPS and BACS, Fennech ensures that your financial operations are smooth and efficient. FPS enable near-instantaneous fund transfers, ideal for urgent transactions. BACS payments, known for their reliability and cost-effectiveness, are perfect for routine payroll and supplier payments.

Streamline Cash Flow for Your Network

Fennechs F³ Agency Management, part of the Fennech Financial Framework F³, is a revolutionary solution designed to simplify cash flow for your organisation. Using advanced digitalisation and automation, F³ streamlines both payables and receivables. This ensures accurate allocations and distributions, significantly reducing manual workload and freeing up working capital.

For example, Faster Payments can be used to quickly settle invoices, improving cash flow and reducing the risk of late payment penalties. BACS can handle bulk payments like payroll, ensuring employees are paid on time with minimal effort.

From Chaos to Calm: 5 Problems Solved by Payment Automation

If you're tired of juggling invoices, chasing approvals, and worrying about payment errors, you're not alone. Payment automation can be the silver bullet for your most pressing financial challenges. With Fennechs Financial Framework F³, you can say goodbye to manual headaches and hello to streamlined efficiency.

Invoice Processing: FPS can speed up the settlement of invoices, eliminating the need to chase payments.
Approval Workflows: Automated systems reduce the need for manual approvals, minimising delays and errors.
Payment Errors: BACS payments are reliable and reduce the chances of payment errors, ensuring smooth transactions.
Cash Flow Management: Faster and more reliant payments help provide quicker access to funds and improve liquidity.
Resource Allocation: Automation frees up your finance team to focus on strategic tasks rather than mundane, repetitive work.

By integrating these payment types into Fennechs solutions, your organisation can benefit from a more efficient, reliable, and streamlined financial management system. This not only improves cash flow but also allows you to focus on what truly matters, growing your business.