Payments & Trade ManagementÂ
Cross Border Payments Manager
Our cross-border payments app delivers Clarity from Complexity by providing end-to-end visibility across all banking systems and workflows. This foundation allows us to Reduce Operational Costs through automation and the elimination of wasteful activities. We Improve Customer Experience with simplified interactions and real-time status updates, while simultaneously Reducing Regulatory Risks through automated monitoring and a real-time conformance framework.
Cross-border & Trade Payments
Cross-border and Trade Payments are Complex and Risky. Processing payments on behalf of their corporate and business clients is a core service provided by banks. So, when choosing a bank, clients prioritise a strong payments capability to ensure smooth financial operations.
The Challenge
The challenge for banks to provide competitively priced, transparent, predictable, efficient and effective payment services has increased exponentially: clients have global operations, regulators have increased pressure and demands, fintech entrants are fragmenting the value chain, the enabling technology landscape is ever-changing (including the complexity of legacy systems) and the risk of cyber threats has increased.
Enter Celonis
Celonis for cross-border payments and trade operations will accelerate a bank’s ability to delight clients with the ease of executing complex payments, ensuring on-time payments and clear visibility of the process. The cost of serving clients will be reduced, while simultaneously meeting regulatory requirements
KEY FEATURES & BENEFITS
Clarity from Complexity
Integrates data across systems, desktops, documents and event streams and creates a real-time, verifiable event log.
Improved Customer Experience
Interactions with customers are simplified, payment statuses are communicated in real time and customers can be educated to improve their experience with the bank.
Reduced Operational Costs
Elimination of non-value adding and duplicate activities, along with automation in Celonis, reduce the cost to execute per transaction.
Reduced Regulatory Risks
Monitoring and reporting on regulatory requirements are automated and a clear control framework provides a real-time conformance perspective.