Overview
Payment Harbor is
a web-based payment processing platform,
that provides centralized concurrent management of
all
disbursement
activities and payment systems through the entire
payment lifecycle, from the point of purchase order
and invoice
receipt through payment origination and reconciliation.
Payment Harbor manages and facilitates traditional
and electronic payment systems and integrates with
all major AP systems. Payment Harbor includes
value-added features such as:
-
Support for all payment
types, traditional and electronic, through
a single centralized system
- Simultaneous, consolidated management of
all back-end traditional and electronic payment
systems and banking relationships
- Full scheduling and tracking of all payment
activity
-
Format and routing for internal/external/remote
printing, outsourced check print & mail providers,
ACH, wire, p-card to banking partner and third party
providers
-
Delivery
of electronic payroll advice and notifications
-
Comprehensive
fraud protection
- Extensive exception management with single
click stops and voids as well as automatic
escheatment processing
-
In-house
or managed (ASP)solutions
- Integration
with all the major ERP, AP and back office
applications
- Rules-based workflow
Robust reporting, status tracking and search
capabilities of over 20 data field criteria across
all payment systems and activities
Payment Harbor together with Invoice Harbor
addresses the complete transaction value
chain.
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Benefits
Payment Harbor drastically
reduces the cost and frustration inherent in the
management and payment of every corporate disbursement.
With
a
centralized system of record for all outgoing payments,
Payment Harbor enables organizations to improve
the handling of nearly every form of payroll, payable,
consumer
or special payment required.
- Reduced cost of
third party payments
- Elimination of
fees associated with distributing checks to multiple
locations
- Rapid implementation
- Decreased
cycle time and accelerated accounting processes
- Sophisticated
controls for the entire payment system lifecycle,
traditional and electronic payment systems
- Ability to address both PO and non-PO spend
- Comprehensive security
- Reduced check fraud
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