The HighRadius Payments Hub enables banks to offer a single platform for enterprise clients to achieve a holistic view of all incoming receivables including all electronic and paper-based transactions, across all sources and banks. The integration of payment information from the lockbox, deposits, ACH, Credit Cards, Wire payments, Mobile payments and Consumer Bill Payments, into a unified payment stream eliminates the need for managers to look into disconnected sources of data for reporting and decision-making.
As incoming payment volumes continue to grow, treasury and receivables teams are looking to achieve a single-view of all incoming receivables. However, the increasing volume of payments is received through an ever-increasing number of payment sources including checks, deposits and the growing electronic payment formats including ACH, credit cards, Wire transfers and mobile payments. A user-friendly portal with a real-time, integrated view of all received payments could help achieve accurate historical tracking of payments and save the countless hours lost in pulling outdated information across different data sources across banking partners.
- Compatible with all incoming payment file formats
- Highly-scalable data repository capable of housing virtually infinite payment history
- Auto-identification of key payment fields for multi-field indexing and high-fidelity search
- Out-of-the-box reports for faster reporting
- User-friendly web experience
Bank-branded, user-friendly portal with easy-to-access payment information
- Integrate multiple payment streams
Consolidate payment information from the lockbox, deposits, ACH, Credit Cards, Wire payments and mobile payments and consumer bill payments
- Consolidate payments across all banks
Capture all payment formats across all banks and provide a holistic view of all incoming receivables
- Enterprise level visibility
Single-source-of-truth of all current and historical payment information to share with all stakeholders
- High-fidelity search and indexing
Filtered search with perpetual index of all payments across all sources
- Receivables Analytics
Out-of-the-box reports for review and exportable data for advanced analytics or reconciliation
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