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.