A multi-channel payment system for transactional workflow
PAYiTÂ is a complete multi-channel payment system that incorporates detailed and flexible transactional workflow in payment up to validation, accounting, online signatures, payment register, multi-channel funds transfer, printing and entry posting.
BENEFITS
- Payment fraud eradication
- Consistent and elegant payment document
- Drastic reduction in time required to process payments
- Complete elimination of manual input into payments
- Efficient & secure payment process etc.
We provide strategic, transformational, and technical offerings in software consultancy and design.
- PayiT functionality
Our approach to risk and compliance consulting
Security & Control
Access to the software is generally controlled through password, the renewal of which is periodically enforced.
Flexible Print Device
PAYiT does not require any specialized printer to operate. It is applicable to any windows-configurable print device, whether laser or dot matrix technology.
Unlimited & Flexible Payment Instrument Templates
PAYiT maintains user-definable payment instrument templates including cheques and banker’s requirement for electronic transfer. This feature offers flexibility in defining peculiar attributes of different layout of cheques and format for electronic data exchange with bankers for any given customer’s/contractor’s account.
Online Endorsement
PAYiT offers an option for online endorsement/signature/approval of payments irrespective of desired channel through which the payment is to be effected. The endorsement of authorized signatories are captured and maintained in a machine- readable form only.
- PFS Ltd's Success in Systematisation and Automation
Expected loss reduction
We assisted a leading commercial bank with risk management and compliance, resulting in reduced exposure, lower pilferages, and increased profitability. After consultation and deployment of automation tools, we successfully reduced the client’s exposure by over one-third and mitigated expected losses by approximately 85%.
Uplift
A global bank partnered with us to enhance its accounts reconciliation process, which improved its asset and liability management operating models and liquidity. Through this transformational engagement, we revised the client’s behavioural models and reporting strategy.
Banks
We designed and implemented a global integrity and compliance process for banking operations that has improved customer satisfaction. The program focused on implementing processes and deploying simple automation tools in bank branches, thus strengthening process compliance through a connected network architecture. Through diverse communication, training, and enablement initiatives, we engaged all employees on the path to achieving sustainable culture change.
