A to Z of Secure Corporate Treasury Payments

Ensuring manual payments are secure is a common concern for treasury, internal controls teams, and accounts payable process owners. While for some companies, manual payments cases are few and far between, others perform manual payments regularly and in large amounts and thus are at high risk of mishandling funds. In this webinar we will present:

• Some of the most common use cases for manual payments
• Fraud risks associated with manual payments
• End-to-end software solution to safeguard manual payment process.

What are manual payments?

Manual payments are often required for one-time vendors, where they are not set up in your ERP system, but payment needs to be made. Whilst these tend to be infrequent in nature, the process still needs to be carefully managed to ensure internal controls are applied and the risk of errors or even fraud is minimised.

What is Aico Manual Payment software solution?

The Aico solution provides a Manual Payments module to fully support this process, and in this webinar, we will show you:

• A configurable template to raise the request with defined workflows to be followed
• The ability to validate and approve the payment request and add all relevant supporting evidence
• The ability to automatically create the appropriate PAIN file, which can be sent to the bank for processing
• Automation to create and post the appropriate journal entries to your ERP system following successful payment

Webinar presenters:

Sarah Bellerby, Solutions Consultant at Aico

As a qualified accountant with a background in Audit, Sarah started her career working in organisations with extremely manual and fragmented processes. For the past 10 years, Sarah has been driven by her passion for identifying and implementing intelligent solutions to streamline financial processes, mitigate risk and increase compliance. For the past 2 years, Sarah has been working specifically in the Record to Report arena, supporting customers in their Finance Transformation projects to implement intelligent financial close automation solutions.

Shivam Dosa, Head of Service Delivery at Aico

An ACCA qualified accountant with a passion for RPA and improving productivity in the workplace by utilising technology. Shiv has a broad background, spanning from working in Corporate Finance to Financial Control to Project Implementations, This experience has given him a solid foundation for Financial Close Automation within Aico.