AFP releases new guide on ‘Utilizing a Payments Factory’
AFP has released their latest Payments Decision Guide, underwritten by Fifth Third Bank, on how to implement a successful payments factory program.
The AFP Payments Decision Guide to Utilizing a Payments Factory describes options for organizing payments functions, outlines decision factors, explains nuances of the various concepts related to payments factories and SSCs, e.g.
- impact of moving from decentralised or centralised operations to a centralised payment factory, and provides guidelines for implementing successful payment factory programs
- using with an in-house bank in the USA
- financial supply chain impacts on discounting and factoring.
The guide includes practical tips from corporate practitioners. It finishes with a best practices summary and a list of the main benefits of payment factories.
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