Most global organizations lack both detailed and big picture insight into outbound payments – making cash flow analysis difficult.
Lack of control over outbound payments functions is one aspect of the problem. Siloed bank connections, lack of ERP integration, disparate data stores and inconsistent payment processes make it difficult to get a handle on the global payment data needed to effectively analyze outbound cash flows. In addition to limiting cash flow visibility, lack of effective payment analytics increases fraud risk and hinders liquidity management. But newer technology can make global payments data easily accessible for analysis.