Paylink
An integrated cash management and banking middleware solution
At Omnea we understand the complexity to connect to your bank
and we take away the headache for you.
Omnea’s own developed solution, Paylink, is an integrated cash
management and banking middleware solution, which provides you
with a single gateway to multiple banks.
More and more Corporates are looking to streamline and automate their Treasury and Cash Management processes. Typically, the biggest drivers are:
- Multiple Proprietary Systems and Formats being used in the company’s source systems
- Multiple User Authentications and Passwords for Online banking platforms
- Bank dependence and the difficulty to change banks or systems
- Lack of Visibility on accounts
- Lack of Standardisation across all bank accounts
- Risk and Compliance issues
- Low Straight Through Processing rates means human intervention is required
On a Single platform you are able to manage your payments,
collections and bank statements on all accounts.
Paylink integrates all your source systems or back office systems with
the banks providing you with visibility on all the transactions.
Omnea Paylink provides the corporate with a single platform for all
the cash management and banking requirements across multiple
banks.
It provides a single electronic messaging platform – a middleware
solution that sits between your in-house Back Office systems (TMS,
SAP, Oracle, Payroll Systems) and your banks. Paylink is an integration
and translation system that is very flexible and able to handle
Many-to-Many Format Translations, File Enrichment, File Syntax
Validation, File Contents Validation etc. Omnea is responsible for the
technical interface and integration requirements with the banks.
Omnea’s Paylink solution is built on an internationally recognised
integration solutions platform, IBM B2B Integrator and IBM File
Gateway which meets most message formats and delivery protocols
used today. The solution can be scaled to meet all volumes to grow with
the requirements of your business. This means that all complexities
associated with handling format conversions, translations, enrichment
and routing are managed and maintained centrally through the
Omnea Paylink solution.
Paylink provides the customer with the ability to do:
- Ad hoc Payments
- Bulk Payments (Suppliers, Payroll, Customers Refunds etc.)
- Bulk Collections (Debit Order Collections)
- End of Day Bank Statement Reporting
- Intraday Bank Statement Reporting
- Audit Responses
- Manage end users with no banking intervention
Using Paylink, organisations only need a single logon to handle transactions across various banks and systems, simplifying banking and cash management for multi-banked and multinational corporates, and allowing them to improve control and visibility of liquidity, reduce risk and improve operational efficiency.
Benefits
- Complete Bank Independent Solution
- Standardise Business Workflow
- User friendly and customisable GUI
- Single platform - Manage payments and collections on all accounts
- Automation - Increase Straight Through Processing
- Reduce risk of Fraud and Data manipulation
- Omnea responsible for technical interface with the banks
- Reachability - Support expansion in other Countries
- Flexibility to customers
- Reporting
- Operational benefit - manage users internally
-
Corporate control for the cash management environment at a high single point for:
- Authorised users and their rights, limits, etc.
- Define different usage rights for different business units
- Workflow customisation
Translations & Integration System
Paylink is an integration and translation system that is very flexible and able to handle Many-to-Many Format Translations, File Enrichment, File Syntax Validation, File Contents Validation etc.
It has the ability to communicate protocols for example:
SWIFTNET (FIN and Fileact)
MQ (MQSA and MQHA)
Connect:Direct