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Payables Management Solution

iSMARTS/axis Payables Management Solution is a fully integrated turnkey solution catering to various payment processing needs of diverse Industries. The solution streamlines the corporate cash flow by integrating multiple business applications of corporate customers and financial institutions to enhance the payment automation using straight through processing mechanisms.

ERP Integration Accelerators & Adapters

The solution provides an integrated platform to facilitate extraction/import of payments from multiple business entities of corporates having diverse ERP systems, business systems or native payment initiation systems.

Workflow Features for payments

The solution can be configured for multi-level authorization workflow process for various transactions based on different parameters such as payment amount, currency and payment types etc.

Payment Consolidation and Release

The solution provides the flexibility of integrating payments of multiple corporate entities and consolidating payments at shared service centre for consolidated end-to-end payment processing by banks.

Rule based Multi-Level Auto Reconciliations

The Solution provides comprehensive payment reconciliation functionality which includes reconciliation between multiple systems, banks etc. along with transaction tracking, escalation and routing mechanisms.

Target Industries

Banking & Finance, FMCG, Airlines, Telecommunications, Healthcare, Logistics & Supply Chain, Oil & Gas, Electronics & Hi-Tech, Manufacturing & Distribution, Insurance, Transport, Travel & Tourism and Infrastructure etc.

Target Segments

Banks, Financial Institutions, MNCs, SMEs, Public Sector, Corporate Sector, Services & Utilities, Government Sector etc. 

Deployment Options

Public Cloud, Private Cloud, Hybrid Cloud, On-premise Deployment Options. Term License, White-label and Solution as a Service License / Subscription Models.

Technology Support

Standard Operating Systems, Standard Web Browsers, J2EE Application Servers, Standard Relational Databases, Enterprise Middleware.