The movement of money is essentially the heartbeat of every business. Right at the centre of this is payment data. Paying international suppliers particularly, can be extremely time consuming and complex whilst potentially creating significant currency risk.
Most UK businesses have to deploy resource chasing and reconciling payments with countless problems often taking crucial days to rectify at unprecedented costs.
The need for payment data is vital in many areas for the Finance team, this could be the requirement for a cross trade, an FX transaction, within a supply chain finance arrangement, to work out forward contracts or simply for e-Invoicing purposes.
The Finance platforms, which accommodate the above facilities/transactions often, require manual transfer of crucial payment information that can tie up resource and often lead to inputting errors.
Now, as payment information is already captured within the customer’s accounts package the need to re-key the data manually in order to trigger the required transaction is removed.
Vision Critical’s unique OSMO® software, provides suppliers of business services direct access to their customers’ financial information. Automating the collection of granular financial detail stored in their accounting package allows suppliers to automate the pricing, management and supply of services without the customer needing to lift a finger.
If you ask your customers to work to buy your service you are inviting them to take their business elsewhere, make it easy and they will grow their business with you.
Vision Critical delivers:
- Simple to install software
- Connection to 90% of current and legacy corporate accounting packages
- Effortless data transfer between users and your service
The benefits are:
- Simplified overseas payments
- Assured data integrity
- Reduce cost and risk involved in global transactions
- Improved customer adoption, leading to
- Improved customer experience
Customers will always seek ways to save time and effort whilst suppliers seek ways to grow revenue and lock in customers, Vision Critical can provide a solution to both these needs.
Contact us to see how OSMO® can help you maximise opportunities for growth and minimise risk.
