The module allows for the routing of internal payments to the correct departments complete with a full audit trail within the institutions core system. Different departments can be assigned user access rights to confirm payments if they meet the matching criteria initially configured through our sophisticated data definitions layer.

The relevant departments can input invoices or credit notes through our solution, and the invoice payments department can then, based on the payment terms of the invoices, effect payment at the appropriate time using the settlement method assigned to the supplier. The different categories of invoices can be assigned to varying payment terms depending upon the requirements of the bank.

The solutions configurability and flexibility means that it can meet the requirements for automatically notifying the correct department users of any potential issues.