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?
(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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