Payment Factories – Guide to EACT 2017 in Brussels

DataLog Finance, recognized expert in the field of payment factories and payment + collection centralization, explains the concept and utility of a payment factory in a corporate treasury, main asset for an informational financial improved workflow and increased visibility.

“While there are many different interpretations of the term ‘payment factory’, it most generally refers to a central hub established by a company to control and manage the processing of its payment flows.
Some payment factories operate full centralisation of both accounts payable processes and staff in a single location, while other companies set up a hub which is responsible only for the execution of payments to banking partners and is supported by decentralised accounts payable processes.”

Click on the image below to read the full article or read it online.

Article on Payment Factories (EACT Guide - Brussels 2017 - TMI)

Article on Payment Factories (EACT Guide – Brussels 2017 – TMI)