Affirmative Technologies, a leading provider of cloud-based payments automation solutions to banks, corporations, and services providers, announced today that its WebPayHub™ platform makes it easier, more cost-effective, and more secure than ever for corporations to initiate and receive electronic payments.
The platform extends Affirmative Technologies’ 18-year track record for delivering industry-leading payments automation solutions by providing a flexible Automated Clearing House (ACH) settlement platform with built-in compliance tools, user-friendly dashboard and a comprehensive robust reporting engine for immediate access to essential payment data.
Affirmative Technologies’ Software-as-a-Service (SaaS) and cloud-based payments solutions are characterized by securely encrypted and tokenized data, while providing services that are enterprise wide- reliable and secure.
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Corporations overwhelmingly want to increase the percentage of payments made and received electronically to reduce their costs, accelerate cash flow, while mitigating risk and fraudulent entries. However, traditional on-premise payments solutions are difficult to integrate with legacy systems and processes, require significant upfront capital expense, and do not adequately address the risks of fraud monitoring. For these reasons alone, many corporations are looking to replace their outdated check-based receivables and payables processes.
WebPayHub™ uniquely addresses any barriers to electronic payment adoption through seamless integration with any legacy accounts receivable and accounts payable systems, providing well-organized data that is easily accessible and strictly adheres to regulatory requirements mandated by governing bodies and Fortune 10 companies.
WebPayHub™ also includes a powerful engine that automates the reconciliation of inbound and outbound electronic payments, supports same day ACH, and fully automates the management of return items, including resubmissions. The platform can be deployed at a departmental or enterprise level.
“WebPayHub™ is a game changer for corporations that want to initiate and receive more electronic payments,” said Affirmative Technologies CTO George Bassous. “This innovative platform eliminates the barriers created by traditional on-premise payments solutions, clearing the way for corporations to quickly and securely begin reaping the benefits of electronic payments. Users will achieve immediate benefits from lower costs, faster funds availability, and reduced risk of fraud.”