Comprehensive Payment Management Solution
Streamline payment processing with ArkOne's Payment Management System. Automate collections, disbursements, and reconciliation while ensuring security and compliance.
Key Features
Multi-channel Payment Collection
Collect payments through multiple channels including credit cards, ACH, wire transfers, digital wallets, and international payment methods.
Automated Accounts Receivable
Streamline invoice delivery, payment reminders, and collections with automated workflows and customer payment portals.
Intelligent Accounts Payable
Automate vendor payments with approval workflows, early payment discounts, and optimal payment timing based on cash flow projections.
Real-time Payment Reconciliation
Automatically match payments with invoices and bank statements, reducing manual reconciliation time by up to 90%.
Fraud Detection & Prevention
Protect your payments with advanced security features including anomaly detection, verification protocols, and fraud prevention algorithms.
Comprehensive Payment Reporting
Gain visibility into payment performance with detailed analytics on payment trends, aging, forecasts, and cash positioning.
Benefits
- Accelerate cash flow with faster payment processing and reduced DSO (Days Sales Outstanding)
- Reduce payment processing costs by 40-60% through automation and optimization
- Minimize payment errors and exceptions with automated validation and matching
- Improve vendor and customer relationships with timely, accurate payments and transparency
- Enhance security and compliance with built-in fraud protection and regulatory controls
- Optimize working capital by aligning payment timing with cash flow requirements
- Gain actionable insights from payment analytics and cash flow forecasting
- Scale payment operations efficiently without proportional headcount increases
Industry Use Cases
Healthcare
A healthcare provider with complex payment requirements automated patient billing and insurance claims processing, reducing payment collection time by 68% while improving payment accuracy to 99.8% and decreasing administrative costs by $870,000 annually.
Distribution
A wholesale distributor processing 15,000+ monthly transactions implemented our payment management solution, resulting in 94% straight-through processing, 72% reduction in payment exceptions, and $1.2M annual savings in operational costs.
Professional Services
A global consulting firm streamlined client payment collection and consultant reimbursements across 23 countries, reducing payment processing time by 76% and improving cash forecasting accuracy from 70% to 95%.
Frequently Asked Questions
How does your payment system handle international payments and multiple currencies?
Our payment management system supports 135+ currencies with real-time exchange rates and automated currency conversion. For international payments, we provide multiple routing options including SWIFT, SEPA, local payment networks, and cryptocurrency. The system handles country-specific payment formats, compliance requirements, and tax considerations, while optimizing for cost and speed based on your preferences.
What security measures are in place to protect payment data?
We implement bank-grade security including PCI-DSS Level 1 compliance, tokenization of sensitive data, end-to-end encryption, multi-factor authentication, and advanced fraud detection algorithms. Our system employs machine learning to identify unusual payment patterns, velocity checks, and geo-location verification. We also provide secure payment portals with customizable authentication requirements and detailed audit trails for all payment activities.
Can your system integrate with our banks and existing financial software?
Yes, our payment management system integrates with 250+ banks worldwide through direct API connections, SFTP, and host-to-host channels. We support standard banking formats including BAI2, MT940, SWIFT, ISO 20022, and EBICS. For financial software integration, we offer pre-built connectors for major ERP systems, accounting platforms, and CRM solutions, along with a robust API for custom integrations with proprietary systems.
How does the solution help with payment reconciliation?
Our system automates the entire reconciliation process using AI-powered matching algorithms that can identify corresponding transactions even with incomplete or inconsistent reference data. The solution automatically imports bank statements, matches payments against invoices, identifies exceptions, and provides workflows for exception handling. The reconciliation engine achieves match rates of 85-95% without manual intervention, dramatically reducing the time and effort required for this process.
Ready to Transform Your Business?
Schedule a consultation with our experts to discuss how ArkOne Softwares can help you achieve your business goals with enterprise-grade software solutions.