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How payment factories improve liquidity management through centralised control and visibility

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  • Cobben, Hans

Abstract

Simply put, a payment factory is a critical element in a company's cash management and liquidity strategy. Many corporations manage payables processes, payments and banking relationships at the subsidiary or business unit level. While this method offers flexibility, it can also result in increased transaction costs, poor visibility, higher cost of ownership, increased fraud and the lack of standardisation as each locality supports a fragmented view of cash. Driven by tighter regulations and the need for better cash management, corporations are more focused on expanding insight into their cash positions and forecasts. Payment factories allow organisations to realise company-wide centralisation of payment processing connectivity with local subsidiaries, allowing payment capture and processing, account statement retrieval and reconciliation within a single centralised solution.

Suggested Citation

  • Cobben, Hans, 2008. "How payment factories improve liquidity management through centralised control and visibility," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 2(2), pages 192-196, January.
    • Handle: RePEc:aza:jpss00:y:2008:v:2:i:2:p:192-196
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    More about this item

    Keywords

    Payment hub; SEPA; corporate payments; payments processing;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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