Traxpay Augmented Payment Data 2017-11-11T23:12:11+00:00

Augmented Payment Data

DELIVERING TO BUSINESSES THE DATA THAT COUNTS

Augmented Payment Data

DELIVERING TO BUSINESSES THE DATA THAT COUNTS

Disparities between purchase orders, invoices, and payments lead Suppliers to constantly intervene in order to manually solve accounts receivable reconciliation problems. Research shows that a huge volume of B2B payments cannot be successfully completed without such human intervention. No matter the size of business or level of accounting sophistication, this is a real problem. Missing data results in wasted time and missed opportunities — Traxpay offers a perfect solution.

Disparities between purchase orders, invoices, and payments lead Suppliers to constantly intervene in order to manually solve accounts receivable reconciliation problems. Research shows that a huge volume of B2B payments cannot be successfully completed without such human intervention. No matter the size of business or level of accounting sophistication, this is a real problem. Missing data results in wasted time and missed opportunities — Traxpay offers a perfect solution.

Disparities between purchase orders, invoices, and payments lead Suppliers to constantly intervene in order to manually solve accounts receivable reconciliation problems. Research shows that a huge volume of B2B payments cannot be successfully completed without such human intervention. No matter the size of business or level of accounting sophistication, this is a real problem. Missing data results in wasted time and missed opportunities — Traxpay offers a perfect solution.

Benefit from Traxpay’s Augmented Payment Data

Augmented Payment Data — an exclusive feature of the Traxpay Dynamic Financing Platform℠ — adds a layer of value on top of bank payments from corporates, allowing for things like better cashflow planning and 100% automatic payments reconciliation. Our system adapts to the complex and frequently changing data connected to B2B payments, saving all parties involved time and money.

A Traxpay-created plug-in via the Buyer’s ERP system — installed simply, safely and unobtrusively (compatible with SAP, Oracle e-Business Suite, Microsoft Dynamics, Infor, and Epicor along with others, on demand) — provides a seamless solution:

Integrating with existing ERP and Purchase-to-Pay systems

Meshing with existing corporate processes and approval flows

Maintaining cohesion with users’ existing banks

Integrating the financial value chain

Benefit from Traxpay’s Augmented Payment Data

Augmented Payment Data from TraxpayAugmented Payment Data — an exclusive feature of the Traxpay Dynamic Financing Platform℠ — adds a layer of value on top of bank payments from corporates, allowing for things like better cashflow planning and 100% automatic payments reconciliation. Our system adapts to the complex and frequently changing data connected to B2B payments, saving all parties involved time and money.

A Traxpay-created plug-in via the Buyer’s ERP system — installed simply, safely and unobtrusively (compatible with SAP, Oracle e-Business Suite, Microsoft Dynamics, Infor, and Epicor along with others, on demand) — provides a seamless solution:

Integrating with existing ERP and Purchase-to-Pay systems

Meshing with existing corporate processes and approval flows

Maintaining cohesion with users’ existing banks

Integrating the financial value chain

Benefit from Traxpay’s Augmented Payment Data

Augmented Payment Data — an exclusive feature of the Traxpay Dynamic Financing Platform℠ — adds a layer of value on top of bank payments from corporates, allowing for things like better cashflow planning and 100% automatic payments reconciliation. Our system adapts to the complex and frequently changing data connected to B2B payments, saving all parties involved time and money.

A Traxpay-created plug-in via the Buyer’s ERP system — installed simply, safely and unobtrusively (compatible with SAP, Oracle e-Business Suite, Microsoft Dynamics, Infor, and Epicor along with others, on demand) — provides a seamless solution:

Integrating with existing ERP and Purchase-to-Pay systems

Meshing with existing corporate processes and approval flows

Maintaining cohesion with users’ existing banks

Integrating the financial value chain

Traxpay Technology Matters

When businesses running the Traxpay ERP Plugin make a domestic or cross-border payment, the system creates an enriched ISO 20022 file that contains all the invoice information and line-item detail contained in the Buyer’s ERP system. The payment file is created separately and as part of the standard process, and is sent to the Buyer’s bank in the required bank format before being approved by the Buyer and funds paid to the Supplier.

Alongside the payment, Suppliers will receive the all-important — and normally absent — transaction data in their format of choice. Available formats include csv, an ISO20022 file such as CAMT.53, IDoc for SAP, or PDF for small Suppliers with manual operations.

The Traxpay ERP plugin can even be tailored to enable automatic reconciliation in complex situations that involve Dynamic Discounting or Supply Chain Financing. So if the payment amount, date, or financing references are altered, or if special conditions are applied, users always retain clarity and control.

More Features…

View a summary
learn about conditional payments

Traxpay Technology Matters

When businesses running the Traxpay ERP Plugin make a domestic or cross-border payment, the system creates an enriched ISO 20022 file that contains all the invoice information and line-item detail contained in the Buyer’s ERP system. The payment file is created separately and as part of the standard process, and is sent to the Buyer’s bank in the required bank format before being approved by the Buyer and funds paid to the Supplier.

Alongside the payment, Suppliers will receive the all-important — and normally absent — transaction data in their format of choice. Available formats include csv, an ISO20022 file such as CAMT.53, IDoc for SAP, or PDF for small Suppliers with manual operations.

The Traxpay ERP plugin can even be tailored to enable automatic reconciliation in complex situations that involve Dynamic Discounting or Supply Chain Financing. So if the payment amount, date, or financing references are altered, or if special conditions are applied, users always retain clarity and control.

More Features…

View a summary
conditional payments