Because of the accelerated growth and evolution of financial services, many mid-size companies have gradually adopted new technologies, allowing them to access different platforms and functions mainly developed by Fintech; among these financial services, group payments or batch payments stand out, which allows one to make multiple payments with a single transaction. Here are some reasons why you should choose Pilsenga as your service provider.
Automated payment management
Medium-sized companies with Pilsenga’s group payments service can manage payments of multiple invoices, suppliers, and payroll and even make partial payments of invoices in an automated way; this is because Pilsenga’s ecosystem has been tailored for medium-sized companies, which allows it to offer customized and effective solutions for companies of this size.
For example, when using group payments, each invoice payable loaded into the system will automatically be taken as a payment request in its database, thus creating a payment record (automatically) for each account payable.
Expense and data management
To carry out an efficient execution of group payments, the medium-sized company must have good management of the expenses related to group payments in each transaction while also having immediate access to the data generated in each process. This way, medium-sized companies can manage expenses and data related to accounts payable more efficiently as they can define payment limits, expense policies, approval flows, and management of data related to each process.
Long-term multicurrency payments
Due to the international presence and market expansion, medium-sized companies may have suppliers located in other countries or regions, so it may be necessary to have payments in different currencies. At this point, we can highlight that companies that have Pilsenga’s group payment service have the possibility of making multicurrency payments, in addition to requesting that such payments be completed at a specific time, thus managing long-term payments in different currencies, which take as a reference the exchange rate at the time of executing the payment.
Security level
Security is one of the main factors that mid-size companies tend to value for this type of service since, with a high level of security in the ecosystem or platform, the chances of losses, failures, or delays in financial operations are reduced.
A proper way to evaluate this point is to verify that the service provider has different security measures.
As we saw in our previous article, Pilsenga has different security measures in its platform, such as transaction approval, two-factor authentication (2FA), multiple asset safekeeping, integration of security controls, identity verification platform, internal audits, and compliance level, among others.
Reduction of manual errors
Group payments allow sending several payments with a single operation, which is a significant advantage since by reducing the number of individual transactions, the percentage of manual errors during the payment process is reduced, which means a saving of time and resources for the medium-sized company, in addition to having more efficient and effective payment processes.
Customer support and user interface
Medium-sized companies want to complement the suitable use of the platform interface with good support and customer service. We can mention at this point that Pilsenga has a friendly user interface that is easy to use and adapts to the needs of the medium-sized company, in addition to offering personalized support. An example is the 24/7 dedicated manager service, which provides each company with a unique and customized experience. The service is currently available in English, Spanish, and Italian).
What do you think about this topic? Would you like to learn more about the group payment service for companies?
If you are interested in Pilsenga’s products or services (including group payments for companies), you can visit our website and register on our platform by visiting the following link.
