Payments Factory
Innovative payment automation software to manage all your same or foreign currency payments from one place
Book a demoCross-border payment challenges
International companies, and those that rely heavily on a global supply chain network, usually process a significant volume of payments each month. However, this is both costly and time-consuming, and can easily exhaust the resources of the finance team.
For many companies that are managing multiple payments, there are several common challenges:
- Lack of visibility over the real cost of payments, including conversion rates
- Execution mistakes due to manual processing
- Complex and time-consuming international payment processes
- Poor or deficient payment traceability systems
All your payments in one place
Payments Factory is a smart, mass payment solution for companies to centralise all their local or international payments. With our solution, payment workflow is streamlined. Your company simply makes one same currency transfer to Kantox (e.g. in EUR or GBP) and Payments Factory dispatches the funds to the beneficiaries in your chosen currency.
Based on your requirements:
- Kantox automatically generates the most suitable FX operation (e.g. a spot or forward contract) to fund the transaction, or;
- Your company funds them using existing forward contracts, Dynamic Hedging positions, or standalone orders
Payments are then channelled via ACH or SEPA – useful for non-urgent or smaller payments, or SWIFT – the best method for tracking medium and large payments.
Benefits of using Payments Factory
Time-saving and efficient
- Use straight-through processing (STP) technology to save time and boost efficiency
- Automate your outgoing payments to reduce repetitive, administrative tasks
- Pay your suppliers more quickly
Cost-effective and secure
- Make use of hedges executed by Kantox to fund payments
- Process local and international payments, in same or foreign currencies, at much lower costs
- Avoid mistakes which can occur during manual payment processes
Transparent and traceable
- Easily track all payments and automatically inform beneficiaries when payments are released
- Gain full visibility and transparency over transaction costs and the exchange rates applied
- Obtain a detailed proof of payment for each transaction
Ready to optimise your payments process?
Speak to an expert
