Organization of payments and settlement channels

• Mapping of target payment and collection channels to reduce processing time and to secure transactions
• Selection of payment and collection methods, description of management processes and banking channels if necessary (international payments)
• Study on outsourcing solutions, if appropriate.
  
  

Digitalization and innovation in payment processes

• Implementing innovative payment processes adapted to sale/purchase and client/supplier workflows, including segmented classification of third parties
• Implementing innovative channels of electronic banking services, digitalization of direct debit mandates, …
  
  

Securing means of payment

• Defining ways of securing transactions for all means of payment and payment channels
• Securing banking channels through adapted electronic signature and protocols
• Implementing secure banking services (double-flow control on cheques, 3D secure, Sepamail Diamond…)

Cash concentration

• Assessing opportunities of setting up a domestic or international cash pooling
• Mapping of cash concentration architecture, management specification and monitoring through Treasury Management System
• Setup of cash pooling agreement and cash forecast process
• Organizing call for tender to select the banks and ensuring the implementation of the new processes.

Intercompany netting

• Streamlining of intercompany transactions which are done by inhouse bank
• Defining bottom-up collection of information processes and payments validation
• Defining FX risk management processes integrated to netting
• Ensuring the traceability of every transaction and preparing pre-reconciliation statements before consolidation

Implementation of cash forecasts

• Setting the horizon and the objectives of the forecasts through appropriate implementation methodology, considering special aspects of the industry
• Defining information flows, consolidation and analysis processes to ensure continuous improvement
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