The partnership offers suppliers access to payments at an earlier stage of the traditional supply chain, enabling more efficient release of working capital.
Corporate treasurers’ desire to standardise the way they manage their payments across borders is natural; it delivers greater visibility and the added versatility offers many advantages, including financing the supply chain. ISO 20022 XML is a critical component of this.
Through the power of digital payments, treasurers will not only eradicate human-errors, but they can be confident that the source of their data is reliable and brings long-term strategic benefits.