New Digital Platform helps in Automation and Centralization of Corporate Payments

Later of the June 2012 came with an announcement from the American Express about the new PAYVE digital payments platform that it has launched. It is a platform that will help in the automation and streamlining of the corporate or business payments. The said platform function with a particular company’s banking relationships and its current payment processes. All this helps in increasing the efficiency of the payment process while at the same time making it a cheaper process overall.

Designed for the mid-sized as well as the larger organizations PAYVE helps all multiple payments type that includes ACH (Automated Clearing House). ACH is defined as a electronic network prevalent chiefly in US that helps in financial transactions. It helps in processing larger volumes of debit and credit transactions. The new system will help the companies to include a payment analytics service to improve upon the payment modes. This payments analytics service has been named as Spend IQsm.

Business clients need solutions for the payments challenges that they face. It is the time when they desire to focus on extracting value from the payments they make or get rather than focusing on the operations as it wastes their time. Untangled payment processes help companies to grow in a better and smooth way, financially. All this decentralization and time-intensive management that companies have to go through otherwise will be resolved with this better platform option. Thus the companies will function in smoother and uninterrupted and they do not have to worry about the payment process unlike before.