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Corporate Banking Suite

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Overview

Utilizing its over 30 years of expertise in innovating payment solutions that contribute in improving business processes and achieving the strategic objectives of financial institutions, ProgressSoft has realized the mounting pressure on banks to digitize services that take care of every detail of the corporate banking landscape.

Accordingly, ProgressSoft launched its Corporate Banking Suite, PS-CORPay, an advanced, comprehensive solution that provides banks, corporates (small, medium and large), and government establishments with the means to maintain, manage and execute different front-office banking services and conduct payment and banking transactions remotely.

PS-CORPay is designed to address the inadequacies of the current costly, time-consuming and risky processes between banks and corporates and provide an advanced, smooth workflow for corporates to conduct financial transactions and control banking transactions from their own systems. The modern solution embraces a modular architecture that includes the following modules:

  • Trade Finance
  • Payments
  • Check Management
  • Cash and Liquidity Management
  • Data Analytics and Dashboards

Key Features

Open APIs Orchestrator

PS-CORPay comprises a standard set of defined Application Program Interfaces (APIs) that facilitate seamless integration with omni-channels, middleware/services bus and core banking systems. This allows banks to integrate with several back-end systems through PS-CORPay.

Web-Based Solution

PS-CORPay is a web-based solution that is created, designed and developed using the latest World Wide Web Consortium (W3C) internet standards. End-users can access PS-CORPay through web browsers and front-end User Interfaces (UIs) to interact with the full functionalities of the suite.

Multi-Currency Support

PS-CORPay supports and maintains multiple currencies that allows for the exchange and management of transactions in numerous supported currencies. Transactions can also be filtered according to currency.

Modular Architecture

PS-CORPay is designed with a modular architecture where each module presents specific business logic to cover the defined business scope. Each module within PS-CORPay is a self-contained component that works in complete harmony with other modules within the suite.

X-Eye Standard Workflow

PS-CORPay offers a standard workflow where all initiated outgoing and incoming items undergo the 4-eye, 6-eye, or any customized ‘X-eye’ workflow according to procedures and policies. It is mainly composed of the three main stages of data entry, verification and approval.

Ultramodern User Experience

PS-CORPay offers an ultramodern User Experience (UX) with a Graphical User Interface (GUI) that provides an intuitive, user-friendly and professional design. It takes into consideration colors for individuals with color blindness, as well as other visual indicators that highlight important actions with relevant icons and color-coded system notifications according to levels of urgency.

Corporate Portal

PS-CORPay offers a corporate portal where corporates can operate all their different front office banking services internally. This portal consists of all the main, complementary and output generating modules and supporting services.

Bank Portal

PS-CORPay offers a bank portal where banks can manage their corporate clients that are connected to the portal. This portal consists of the Banks Management and Corporate Management supporting services in addition to Data Analytics & Dashboard module. Furthermore, the bank portal can be customized to accommodate for additional functionalities such as tailored workflows that the bank may request to be capable of handling through the portal.

Key Benefits

Efficient Workflow

PS-CORPay offers corporates an automated system that handles the numerous corporate front-office banking functions. It automates and facilitates communication between banks and corporates, and offers an efficient, user-friendly and secure process workflow.

Full Visibility

PS-CORPay provides corporates with visibility over their total cash position and the ability to easily transfer funds to beneficiaries, in addition to online tools that assist in overcoming new market challenges and increasing efficiency and profits.

Full Management

PS-CORPay also presents the benefits of reducing cost and managing risk, as well as meeting regulatory requirements through the efficient management of their daily liquidity. It provides internal tools that are essential for corporates in their financial planning, budgeting, decision-making and general financial management.

Simplified Financial Interactions

PS-CORPay simplifies and facilitates financial interaction between banks and corporates especially in trade finance, payments, checks and official requests, and provides crucial financial information to the corporation internally, from their own data, or externally, from the banks, to avail all information to corporate decision makers, maximizing profitability and sustainability.

Media

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Product/Service details

SOLUTION OR SERVICE TYPE
Corporate Banking Liquidity Management Systems, Corporate Banking Payables Management Systems, Corporate Banking Receivables Management Systems, Corporate Banking Trade Services Systems, Corporate Digital Banking Platform Solutions, Payment Engines, Supply Chain Finance Systems
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