Streamlining wire transfer payments

January 31, 2019


Q. 50% of our payments are made via wire. Is there software out there to help reduce the manual processes of having our treasury manually submit the wire payments? Is there cloud-based software that can interface with our ERP system?  A. (from the IOFM Advisory Panel) ----- I can't help you with software. However, I can suggest a procedure that would save you substantial time and money. We had a huge volume and we needed to take control of wires.  We (AP) installed a bank teller PC in a secured…

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