RED: Feature Highlights
Centralized Payment Processing
Single point-of-entry for all wires, internal transfers, and check payments.
Aggregates Payment Information
Aggregates all information related to a cash transaction, including approvals, signatures, comments and discussion, support documentation, bank or FED tracing numbers, accounting ledger entries, and transaction change history. Thus, this system becomes a one-stop-shopping for cash audit purposes.
Simplify Multi-tiered Payments
Executing multi-tiered payments between controlled affiliates can be manually-intensive and error-prone. The platform automates such transactions by leveraging the legal entity ownership structure. The structure is further leveraged to add systematic controls of money transfers between funds and affiliates.
Flexible Workflow and Systematic Controls
Manual processes are inefficient, error-prone, and lack clear audit trails. Instead, convert them into standardized, repeatable system-based workflows with strict control points. Customize the workflows for approving payments, structuring new investments and forming new legal entities.
Bank and SWIFT Integration
Facilitates electronic payments to any number of banking platforms.
Maintain Legal Entities
Including their tax and legal filing info, ownership structures, officers and signatory information, related litigations, investment pipeline, and much more...
Generate Ownership Charts
Your legal counsel has more important things to do than draw and re-draw legal entity diagrams. Instead, the system will generate ownership diagrams for you, directly from the underlying legal entity data.
Embedded Document Management
Archives payment support documents, entity and investment formation documents, and more. All with Google-style search capability for lightning-fast search and retrieval.
Reduce E-mail Traffic
Paper documents and e-mails are disorganized and impossible to retrieve at a later date. Keep important comments and discussion where they should be: in the context of the work being performed. So, open a payment or legal entity record and see all related discussion right there on the same screen.
Accounting System Integration
Re-keying payments at the bank or your accounting system is inefficient and can lead to reconciliation breaks. Post ledger entries from the Payment Manager directly into specified accounting systems. Cash records are subsequently always matched.
Web and Mobile
Intuitive web and mobile interfaces delivered from the cloud or an internally-hosted environment.