Low risk of frauds
Increased operational efficiency
Reduced human intervention
Near to real-time visibility on cash flow
Transparent transaction traceability
Seamless end-to-end payment processing
Current market trends dictate that all corporate engagements occur digitally. Clients are focusing on fewer manual interventions in their operations. Especially in the payments sector — banks & financial institutions need to partner with a reliable Host to Host payment solution provider for automated corporate payment systems to engage with their corporate clients. Corporate financial departments manage everything from optimizing cash and maintaining liquidity to controlling and fostering banking associations. This involves communication with banks and financial institutions in several languages and protocols. To ensure secure and reliable corporate payment solutions, banks and corporates need a virtual, reliable Host to Host payment solution provider that can optimize processes & enhance seamless corporate digital payment experience.
Unity’s HostDirect is a Host to Host payment solution provider which is a highly secure and reliable corporate payment system for managing transactions and real-time status updates between corporates and their banks. As a Host to Host payment solution provider, this corporate payment solution automates and enables corporate digital payments for banks to handle multi-dimensional transactions. With the right technology and framework, which can seamlessly act as a secure and reliable bridge between corporate and Bank Corporate Payment Systems, Unity comes with HostDirect. Host Direct is a Host to Host payment solution provider offering corporate banking solution which is a highly secure and reliable corporate payment system for managing transactions and status reporting between corporate and their banks.
As an automated corporate payment system, this Host to Host payment solution provider enables the corporate to upload their payment instructions and other transactions manually or automatically from their ERP System. The corporate payment solution allows them to keep up to date with their Cash flow and Fate of any transaction near online without having to log in to the bank’s corporate Internet banking for most of its critical needs. This Host to Host payment solution provider enables seamless transaction banking automation and reduces the risk of payment fraud through advanced security mechanisms like payload signing and asymmetric encryption end to end. Timely account reconciliation is possible from the ERP system itself without having to wait for manually reconciling with bank's paper statements.
Advantages of HostDirect Host to Host payment solution provider or Corporate payment solution includes: Seamless End to End Automation for corporate payments, Handling of Huge Volumes, Reduces human intervention by Transaction banking automation, Increases operational convenience and transparency for Bank Corporate Payment Systems. This Host to Host payment solution provider has built in resilience mechanisms for system failure and exception handling to ensure business continuity at a single control and hence reducing maintenance costs. It also comes with built-in security to ensure that each corporate digital payment is fully secured end to end through digital signing of payloads and asymmetric end to end encryption. This corporate banking solution can run on a secure public network or VP.
As a corporate payment solution, HostDirect comes with Inbuilt Standard APIs (ISO20022 or MT formats and standard file formats wherever applicable). These APIs can be consumed securely by both ends for easy integration with corporates ERP and Bank corporate Payment System. This means the Data exchange between banks and corporations can be standardized. However, the flexible Host to Host payment solution provider allows you to customize the data/file formats if need be for a particular corporate. This exception can be done case to case also.