Treasury News Network

Learn & Share the latest News & Analysis in Corporate Treasury

  1. Home
  2. Cash Flow Management & Forecasting
  3. Payment & Collection Factories

Payment factories - key lessons

At the Eurofinance Conference in Rome there were several presentations on payment factories which showed key features of effective payment factories. 

Integration with the in-house bank: AkzoNobel's Marco Schuchmann in an excellent presentation showed how the in-house bank and payment factory need to be fully integrated into a fully straight through processing architecture to maximise the internal and external efficiencies, see Figure.

Akzo Nobel Straight Through Processing Treasury System Architecture
Source & Copyright©2011: AkzoNobel

Payment factories cannot cover all types of payment: Several speakers pointed out that you have to accept that payment factories cannot cover all types of payments, such as payroll payments, dividends and e-tax payments which are country specific.

New ways to extend the value of the payment factory in the future: Providing purchasing support services. Adopting e-invoicing to open up opportunity for invoice discounts from the suppliers.

Like this item? Get our Weekly Update newsletter. Subscribe today

Add a comment

New comment submissions are moderated.