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Payment Management

Ready for the future: efficiently processing mass contract accounting payments. Automation, harmonization, standardization.

In today’s digitalization age, the main task of a payment management system the efficient and effective processing of incoming and outgoing payments. Whether or not a company is in a position to handle payments, and what challenges it will face, depends on the company’s individual situation.  

Since 1999 ConVista has supported well-known national and international companies across different industries with their payment management challenges. It is our goal to improve our customers’ payment transaction processes, making them more efficient and effective. Our range of services covers strategy, process improvement through to the implementation of IT systems.

In the strategy phase, we work with our customers to develop a future vision of payment management within their company. We provide support throughout the process from designing the core processes through to selecting the relevant software.

Thanks to our extensive project experience, we are able to assist our customers with their payment management operations e.g. banking communications, alternative payment methods; compliance with regulatory requirements such as SEPA, code of conduct etc.

Our debt management services cover the effective handling of debt taking into account industry specific requirements such as insurance policy law, social and civil law and the integration of third party collection agents.  

Creating an effective settlement procedure requires the careful consideration of the sales channels and the reference points of the ensuing processes. Depending on the line of business, specific challenges may need to be managed when optimizing processes.

The relationship between the general ledger and subledger is particularly significant especially for fast close. The closing process focuses on valuation requirements  (e.g. open item and balance lists), management KPIs (e.g. debt rate, return rates), and complying with regulatory requirements (e.g. SOX).

Ralf Krollpfeiffer

+49 221 888 26 484