Compatibility level

Businesses typically have financial systems and tools in place that serve several key functions, such as reporting and analysis of all transactions. For this reason, it is important to consider how compatible the platform is with your existing systems and tools when choosing a business payment processor. For example, payment processors should be able to integrate with your business’s e-commerce platform, accounting software, and other financial tools.

Security level

When choosing a payment processor, the security level of the platform must be considered, since a system with a high level of security will reduce the chances of users’ financial information being compromised or exposed. For this reason, it is important for companies to evaluate the level of security that the provider’s ecosystem has and assess whether it complies with the different security standards of the financial industry.

Accepted payment methods

Businesses should offer their customers a wide variety of payment methods, as this streamlines transactions. business operations and allows the customer to have a better shopping experience. For this reason, it is recommended to check all the payment methods supported on the provider’s platform: credit cards, debit cards, digital wallets, and cryptocurrencies, among others.

Rates and settlement times

Generally, companies have a high flow of operations, especially when they offer high-demand products or services, which is why, when choosing a provider for the payment processor service, it is important to consider the rates and processing times to avoid unexpected expenses and ensure that the payment processor executes the transfers /operations in a reasonable time.

Scalability level

Generally, most companies want to grow and reach new markets. Therefore, it is important for companies to evaluate the level of scalability of the provider’s platform and its entire technological ecosystem.
As a business grows, the number of transactions increases. A “scalable” payment processor can handle tens to thousands of transactions per second without affecting performance or customer experience. Scalability allows processors to adapt to the needs of new markets, integrating different currencies, payment methods, and regulations, facilitating the expansion of businesses or companies globally.

What do you think about this topic? Do you want to know more about Pilsenga’s business payment processor service?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post Payment processors for businesses: Points to consider when choosing a provider first appeared on Pilsenga blog.

Currently on the market there are different payment services, which allow businesses to send and receive money seamlessly , efficiently, and transparently to other countries. However, due to the different alternatives currently available on the market, it can be difficult to choose the right provider. Below, we will share some tips for choosing an ideal provider for international payment services.

Speed of payment processing

Typically, most businesses need to make international payments that are processed quickly, either in real-time or in a few seconds. Hours/minutes. For this reason, it is advisable to choose providers that offer fast payment processing, especially to minimize transaction times and avoid possible delays in payments, which is important in companies with high transaction volumes. An example of this is the Pilsenga platform, which works with the SEPA and SEPA Instant system and stands out for its fast processing speed in the European Union.

Security level

Companies generally look for a seamless international payment service (Seamless International Payments). To achieve this goal, it is important that the platform has a high level of security since this allows for the protection of users’ resources and personal information.

For this reason, it is advisable to consider providers that have different protocols and security measures that allow protecting users’ financial information. It is also important that the provider complies with the different standards and guidelines of the financial industry, as this guarantees certain quality and security parameters on the platform.

Types of currencies and market scope

One factor to consider when choosing an international payment provider is the types of currencies and the market reach they offer. It is advisable to evaluate which types of currencies the provider supports and whether the countries of interest are part of the list of countries supported by the provider. For example, we can evaluate whether the provider offers multi-currency IBAN accounts and how many currencies they operate with.

Transaction fees

Companies that need to make international payments should be aware that the provider’s platform may charge fees related to currency conversion, transaction volume, and processing speed, among others. For this reason, it is advisable to evaluate and compare the fees handled by each of the payment service providers. and choose the one that best suits the company’s needs.

Level of integration

Generally, companies have accounting / financial systems and platforms that allow them to efficiently manage their resources, so when choosing a payment provider, it is advisable to evaluate your company’s level of integration. Financial ecosystem and its level of compatibility with the operating systems already used in the company.

If the financial ecosystem integrates seamlessly with any platforms the company already uses, data can flow seamlessly, avoiding duplication of effort. Compatibility with existing systems minimizes the costs associated with implementing new systems or the need for additional staff training. It also reduces the time required for the adoption and adaptation of the new financial ecosystem, allowing the company to begin seeing benefits more quickly.

User Experience

It also reduces the time required for the adoption and adaptation of the new financial ecosystem, allowing the company to begin seeing benefits more quickly. If payments are quick and easy, users will be more inclined to complete their transactions.

What do you think about this topic? Do you want to know more about Pilsenga’s international payment service?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post Seamless international payments: Tips for choosing an ideal provider first appeared on Pilsenga blog.

SEPA integration

It is important that the provider offers access to the SEPA payment network, as this will allow for greater transparency and speed in payments. Companies that contract the Pilsenga service have the possibility of integrating their financial services with the extensive SEPA payment network, which facilitates transactions within the Eurozone, reduces operating costs and increases transaction speed (through systems such as SEPA Instant).

Security level

It is important to select a provider that has a platform with a high level of security, as this will allow users to protect their financial resources and personal information. At this point, we can highlight that the Pilsenga’s financial ecosystem has a high level of security, as it has different protocols and security measures. This reduces the chances of the financial resources and user information are compromised, which reduces the chances of losses, failures or delays in financial operations.

Dedicated IBAN account

Companies that use the Pilsenga platform have the possibility of having a dedicated IBAN account, which allows for greater control and management of the company’s financial resources, in addition to complying with the different regulatory and accounting requirements. All this makes dedicated IBAN accounts an indispensable tool for managing (in a more efficient way) the financial resources of the entire organization. 

Additional services

It is important that the provider can offer different complementary services, as this allows the company to access different resources quickly, in addition to improving its financial efficiency. Companies that use the Pilsenga platform can access other complementary financial services such as: digital wallet, accounting packages, payment processors, among others.

Using a digital wallet, the company can manage its digital assets and cryptocurrencies (Bitcoin, Ethereum, and USDT) in a more efficient way, which is essential for those companies that seek to diversify their resources and offer their clients other payment alternatives. On the other hand, using an accounting package, the company can automate its accounting tasks and have better internal control. Some examples of this are the generation of accounting reports or the automation of group payments through the batch payment function.

24/7 Customer Support

It is important that the provider has good customer service and offers 24/7 support, as this will allow for personalized treatment, problem solving or clarifying any type of doubt/question.

At this point we can mention that Pilsenga offers its clients 24/7 support according to the needs of each client or company. An example of this is Pilsenga’s dedicated manager service, which offers companies a unique and personalized experience for each client. Currently this type of service is available 24/7 and is available in English, Spanish and Italian.

What do you think about this topic? Do you want to know more about Pilsenga’s financial services for companies?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post Euro IBAN account for companies: Why choose Pilsenga? first appeared on Pilsenga blog.

Security level

It is recommended that the security level of the provider’s platform be evaluated since SEPA platforms handle highly sensitive financial information, such as account numbers, personal data, and banking transactions. A high level of security allows this information not to be intercepted or compromised by third parties. To evaluate this aspect, you can check the different security mechanisms and protocols that the provider uses to protect its users’ data.

For example, the Pilsenga platform has different security measures such as data encryption, transaction approval, integration of security controls, identity verification platform, backups, multiple asset custody, and two-factor authentication, among others.

Regulatory compliance

It is advisable to assess whether the provider complies with the different regulations and standards of the financial industry and the European Union, as these standards guarantee a certain level of quality and security on the financial platform. It is important to note that SEPA payments operate in an environment regulated by European Union financial regulations and other international laws, so it is essential to comply with these standards to avoid sanctions, fines, and legal problems.

Type of license and complementary services

Generally, financial institutions that provide the SEPA payment service for companies tend to offer other complementary financial services. For this reason, it is recommended to know what other services the provider offers, in addition to verifying what type of license it has, since in this way it can be determined what complementary services are necessary and which are “legal”.

For example, among the main complementary services offered by Pilsenga are the following: dedicated IBAN accounts, batch payments, e-money & IBAN service, Exchange, digital wallet, payment processors, and online ledgers, among others.

Scalability

It is advisable to evaluate whether the provider’s platform has the capacity to scale and whether it can be adapted to the future needs of the company. If the platform is scalable, the company will have the opportunity to grow and expand its operations, being able to project itself and acquire new commercial/financial responsibilities in the medium and long term.

Customer service and attention

It is advisable to evaluate the quality of the provider’s service and customer support, as it is an effective way to get an “idea” of the treatment we will receive, in addition to knowing if the said provider will have the capacity to solve any problem or setback that may arise in the future.

To assess this point, we can contact the supplier through their different official digital channels and analyze the quality and time of their responses. Among the main questions we can ask to assess this aspect are the following:

– Was my question answered satisfactorily?
– Did they try to redirect the conversation to another person or channel?
– Did a bot or a real person answer me?
– How long did it take them to respond?
– Was the treatment cordial and respectful?

What do you think about this topic? Do you want to know more about SEPA payments for companies?

If you are interested in Pilsenga’s products or services (including SEPA payments for businesses), you can contact us by visiting the following link.

The post SEPA Payments for Businesses: Tips for Choosing the Ideal Provider first appeared on Pilsenga blog.

Improvements in security measures

Due to the fact that an increase in cyber threats (Malware, Phishing, Social Engineering, DDoS) has been observed Attacks Advanced Persistent Threats, among others), financial entities constantly invest resources to implement advanced security measures; some examples of this are advanced security protocols, biometric authentication, identity verification based on blockchain technology, among others.

Open banking

More and more financial institutions are not only adopting online banking, but are also betting on open banking, which is based on sharing customers’ financial data with third parties (with the consent or permission of said customers), in order to offer more efficient and personalized financial products/services.

The main characteristic of open banking is that it offers its users a wide range of new financial services, which are created by multiple providers through applications, APIs and various digital platforms, which facilitates access to credits, loans and other innovative financial services.

Development of 100% digital banks

Many financial institutions and Fintechs have set out to develop digital platforms to offer their clients a 100% online banking service. Through these types of banks, companies can request all services online, allowing them to access more versatile and flexible services and lower rates compared to traditional banks.

Application of artificial intelligence (AI) for advanced services

Online banking is using artificial intelligence (AI) to offer more advanced, efficient, and personalized financial services, as this technology allows financial institutions to automate many tasks, in addition to generating records, performing predictive analysis, and making risk assessments, which contributes to better financial planning in the future.

Using virtual assistants

Financial institutions are seeking to offer an increasingly advanced online banking service (based on technology), with virtual assistants being one of the most widely used tools. These assistants have the ability to provide 24/7 support and advice to companies with an increasingly personalized and dedicated banking experience.

Virtual assistants allow businesses to access online banking at any time without being dependent on banking hours. This is especially crucial for companies that operate internationally or have urgent financial needs to avoid disruptions to business operations.

Virtual assistants not only allow you to perform operations but can also perform financial analysis based on the company’s behavior. They can identify spending patterns, recommend financial products that optimize cash flows, and provide advice on investments or financing.

What do you think about this topic? Do you want to know more about Pilsenga’s business banking service?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post Five trends in online banking for businesses first appeared on Pilsenga blog.

Tailor-made financial services

Pilsenga offers a wide range of financial services designed specifically for medium-sized companies, which have the capacity to increase their scalability and growth, thus improving the operational and financial efficiency of the entire organization.

Accounting package

Companies that have Pilsenga’s financial services, They have access to accounting packages, which allow companies to track and keep track of all their operations and financial transactions efficiently, allowing them to optimize the financial management of the entire company.

High safety standards

Pilseng has a platform that has different security measures and standards, such as data encryption, identity verification platform, integration of security controls, transaction approval, custody of multiple assets, backups, and two-factor authentication, among others.

Multi-currency IBAN account and cross-border payment gateway

Pilsenga has different financial tools that allow medium-sized companies to optimize their financial management and expand into new markets or territories. An example of this is the dedicated multi-currency IBAN accounts and cross-border payment gateways, which allow domestic and international transactions in over 30 currencies and in around 150 countries, supporting over 180 payment methods.

Compliance and risk management

In order to maintain good financial and legal health, medium-sized companies must comply with a series of regulatory standards and guidelines. Pilsenga stands out in this area, as it helps and advises medium-sized companies with compliance with regulations and standards of the financial industry, reducing the likelihood that companies may be sanctioned and fined, in addition to preventing and fighting against money laundering and fraudulent activities.

Dedicated and personalized support

The Pilsenga ecosystem has dedicated and personalized customer service and support, which aims to solve different problems and meet the needs of its customers effectively through adequate advice, guidance and timely assistance. An example of this is the 24/7 dedicated managers service, which are trained to offer a better experience to their users, helping and guiding customers so that their companies comply with the different regulatory standards of the sector. It is important to note that this service is currently available 24/7 and is offered by native speakers in Spanish, Italian, and English.

What do you think about this topic? Do you want to know more about Pilsenga’s financial services for medium-sized companies?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post How Pilsenga helps to optimize the financial management of medium-sized companies first appeared on Pilsenga blog.

Regulatory compliance and risk management

By complying with the different financial regulations and managing risks, companies can avoid legal and financial problems. By automating their financial operations and accounting processes, companies can perform more efficient monitoring of all their operations and transactions, which helps regulatory compliance and risk management, since automation allows for continuous analysis of financial data, generating reports, and displaying potential accounting problems in a timely manner. One of the most useful financial tools for this purpose is accounting packages, which help with internal control and regulatory compliance of companies.

Asset flow management

Generally, companies need to maintain a balance in their assets that guarantees good financial health in the medium and long term, which is why it is essential to have good financial management and tools that help manage the company’s asset flow.

Asset flow management automation helps reduce manual errors, accelerates payment cycles, streamlines invoice processing, allows payment scheduling, improves cash flow, helps in the timely receipt of payments, among others. Among the most widely used financial tools to automate asset flow management are: batch payments, payment processors, simplified invoice payments, payment gateways, Exchange, dedicated accounts, e-money service, among others.

Detailed transaction record

Companies need to keep detailed records of their financial transactions to achieve greater transparency and regulatory compliance, which will allow the organization to have better financial health. Through general ledgers or accounting books, companies can keep a reliable and efficient record of all their financial transactions, which helps to quickly identify discrepancies, allowing financial records to be more accurate and constantly updated.

Payments and payroll management

Among the responsibilities and processes that a company generally has is payroll management, which can include operations such as tax calculation and timely payment of employees and suppliers.

It is important to note that this task can be automated, allowing multiple payments to be sent in a single operation, which avoids manual errors and improves the process of salary calculations, tax deductions, and direct deposits. All of this allows employees and suppliers to be paid in a timely and efficient manner, which allows for building better work and personal relationships.

What do you think about this topic? Do you want to know more about the financial processes that a company can automate?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post What financial processes can a company automate? first appeared on Pilsenga blog.

Evaluate reliability

One of the points to take into account when choosing an online banking provider for businesses is to evaluate the reputation or level of reliability of the provider. This can be done by checking the testimonials and ratings of the users of their platform or application. At this point, it is important to verify the authenticity of these testimonials.

Another point to consider in this regard is the time the supplier has been in the market. For example, a company that has been operating for more than 2 years will be more reliable, especially compared to a company that has only been operating for 6 months.

Security level

When choosing an online banking provider for businesses, it is advisable to evaluate the level of security of its platform. This can be assessed by checking the different security mechanisms and protocols that the provider uses to protect its users’ data, as well as encrypting, authenticating, and backing up customer data in case of loss, theft, or unauthorized access.

For example, the Pilsenga platform has different security measures such as data encryption, integration of security controls, identity verification platform, transaction approval, backups, multiple asset custody, and two-factor authentication, among others.

Operating rates

Generally, companies maintain a constant flow of financial operations, for this reason, it is advisable to evaluate which rates the provider can apply in each operation since this is a factor that can increase the company’s operating costs.

Among the rates that are recommended to be evaluated are: transfer operations, payment reception, currency conversion, account maintenance, generation of account statements, inactive accounts, and account creation, among others. It is important to review the rates section on the provider’s official website, in addition to verifying that said information is up to date.

Type of license and services

It is important to evaluate the type of license and services that the online banking provider has, this is because the type of license can determine which financial services for companies a financial institution can offer.

Among the most notable services that an online banking provider can offer are dedicated IBAN accounts, digital wallet, SEPA and SEPA Instant transfers, batch payments, exchange, payment gateway, among others.

User interface

User interface is an important factor when choosing an online banking provider, as a platform with multiple functions is of no use if it is difficult to use or is unfriendly. Through a modern and intuitive platform, companies can manage their banking resources in a simple and efficient way. quickly and efficiently, which translates into savings in time and resources for the organization, in addition to the fact that end users will have a more satisfactory experience with the platform.

Quality of service and customer support

When choosing an online banking provider, it is advisable to evaluate the quality of customer service and support, as this is an effective way to get an idea of the treatment you will receive, as well as knowing whether said provider will have the capacity to solve any situation or setback that may arise in the future.
To assess this point, we can contact the supplier through their different official digital channels and analyze the time and quality of their responses.

What do you think about this topic? Do you want to know more about Pilsenga’s online banking service for businesses?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post Tips for choosing an online banking provider for businesses first appeared on Pilsenga blog.

Less operational errors

When carrying out a payment process individually, in most cases, there is a chance of making manual errors, which can mean the loss of economic resources or time for the organization. By making use of the batch payment function, companies can automate their payment processes, being able to make multiple payments with a single operation, which significantly reduces manual errors.

Increase operational efficiency

Manual payment processes consume time and money for an organization, as the people in charge of these payments need to manually track and reconcile each payment in detail. By making use of the batch payment feature, companies can execute group payments in a single operation, which helps reduce the administrative burden associated with tracking and reconciling each transaction. This helps to reduce operational costs and increase operational efficiency for the entire organization, as workflows are streamlined and tracking and reconciliation time is minimized.

Increased productivity

Through the batch payment feature, companies automate their payment processes, which helps reduce the operational time of workers, since multiple payments can be processed in a single transaction, allowing employees to increase their productivity and use the saved time on other types of tasks or administrative functions that are more relevant to the organization.

Lower transaction fees

When making a financial transaction, fees are usually generated for each transaction. When making manual payments individually, there is a tendency to generate additional expenses for the organization. However, when companies use the batch payment feature, they reduce their costs (related to transaction fees) since they can obtain lower fees when making group transactions.

Helps with scalability

As businesses grow, tasks related to payment processes can become more complex, especially if done manually and individually. Through the batch payment feature, businesses (as they grow) can expand their payment processes to meet their needs. Your payment processes in an automated way, without the need to increase their operating costs.

What do you think about this topic? Do you want to learn more about batch payments for businesses?

If you are interested in Pilsenga’s products or services (including batch payments for businesses), you can contact us by visiting the following link.

The post How the “batch payment” feature allows you to reduce a company’s operating costs first appeared on Pilsenga blog.

Online banking

Companies that use Pilsenga ‘s financial services have an online banking system that allows them to carry out financial transactions through a modern and intuitive platform. In order to provide this service in an optimal way, Pilsenga offers the following financial tools:

E-money & IBAN service

Through Pilsenga’s E-money & IBAN service, companies can carry out financial transactions safely, remotely, and efficiently, especially thanks to the SEPA and SEPA Instant payment systems.

Multi-currency IBAN accounts

Pilsenga offers companies the multi-currency IBAN account service, which allows send and receive payments between approximately 150 countries that have adopted this system. It is important to note that this type of accounts support more than 30 currencies.

Expense control

Companies need to have optimized and efficient expense control, especially to ensure the profitability and financial health of the organization in the medium and long term. Pilsenga helps companies manage their assets and maintain expense control through the following financial tools:

Accounting package

Pilsenga offers companies the service of accounting package, which allows companies to optimize their accounting operations or processes through a wide range of tasks, in addition to providing an efficient record of all financial transactions and controlling the organization’s expenses.

Batch payments

Through an optimized payment process, companies can be more efficient and have better control of their expenses. For this reason, Pilsenga offers the batch payment service, a financial tool designed to help companies execute their payment processes in an automated and efficient way, allowing multiple payments to be made with a single operation.

VC and Fiat accounting books

Thanks to the VC and Fiat accounting book service from Pilsenga, companies can have better control of their expenses, as these digital books help companies optimize, control, and manage their financial transactions. Using Fiat ledgers, businesses can efficiently track all their fiat currency transactions, while VC ledgers allow for tracking all virtual currency or cryptocurrency transactions.

What do you think about this topic? Do you want to know more about Pilsenga’s financial tools for companies?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post Online banking and expense control: Tools that Pilsenga provides to companies first appeared on Pilsenga blog.