Presented by Elire Senior Consultant, Adarsh Hegde.
Global payment volumes keep climbing, and so do the risks, fees, and delays when formats and workflows aren’t aligned. In this video, Adarsh breaks down how to streamline international payments end-to-end using a Treasury Management System (TMS), modern standards like ISO 20022, and API-based bank connectivity. Walk away with a practical playbook to reduce friction, cut costs, and improve cash visibility.
What You’ll Learn
- The global context: Why cross-border payments matter now (compliance pressure, fees, working-capital impact)
- Payment rails & methods: Cards, ACH, wires/SWIFT, checks, digital wallets, and real-time payments (RTP, FedNow, SEPA Instant), and when to use each
- Formats that matter: SWIFT MT vs. ISO 20022 (XML), and how richer, structured data boosts STP and reconciliation
- TMS as your integration hub: Standardize files, apply payment controls, route intelligently, and centralize approvals across ERPs and banks
- File mapping & transformation: From one ERP output to many bank-ready formats, templates, data enrichment, and exception handling
- Bank connectivity options: APIs, host-to-host, SWIFT, and which to choose
- Reconciliation that scales: Automate acknowledgements, ingest statements (BAI, CAMT), and close faster with variance reporting
Why It Matters
- Lower costs: Batch where it counts, reduce bank portal usage, and minimize custom builds per bank
- Faster onboarding: Add banks/entities and formats quickly with a TMS format library
- Better governance: Apply approvals, audit trails, sanctions screening, and fraud checks centrally
- Real-time visibility: Intraday positions and improved cash forecasting from cleaner, richer payment data
Who Should Watch
Treasury, AP, AR, finance IT, and program leads modernizing cross-border payments, bank connectivity, and ISO 20022 migrations.