Q: How did TreasuryPay come into existence?
A: TreasuryPay was created to solve a problem that has existed since data sources were first aggregated into databases. Specifically, data systems — including payment systems — are forced to rely on a patchwork of independently-built networks to acquire the data they need. These disparate networks all speak different languages, handle different currencies, and time their information delivery differently. The result is operational havoc for data-dependent tasks. We built TreasuryPay specifically to end the chaos of enterprise data acquisition and delivery.
Q: What is the TreasuryPay solution?
A: Simply put, TreasuryPay bypasses the patchwork of networks that most corporations use to acquire their data in favor of a single, fast, highly efficient source. It provides a “single pane of glass” for enterprise data and a robust cognitive engine that allows organizations to generate customized business insights and alerts. The result is a one-plug solution that transforms an organization’s ability to acquire business intelligence and make decisions.
Q: What kinds of information can TreasuryPay deliver?
A: TreasuryPay delivers highly detailed, up-to-the-minute accounting, liquidity management, FX, marketing, and supply chain information — all via a single network connection and a single managed solution.
Q: How does TreasuryPay do what it does?
A: Via our partnership with IBM®, TreasuryPay has created an utterly new global data aggregation and data delivery platform — one that accesses IBM’s global private network for corporate receivables (payments, invoices, blockchain, IoT, etc.). The result is the world’s first real-time global sales and receivables data platform.
Q: What types of companies does TreasuryPay serve?
A: TreasuryPay was created primarily for medium-to-large-sized, internationally-based organizations operating in retail and manufacturing sectors to financial services and government. If the organization can benefit from real-time, global receivables data delivery, and analytics, it will benefit from TreasuryPay.
Q: What’s so novel about TreasuryPay’s information delivery?
A: Until now, organizations have received their transaction data in the form of global industry “standard” data sets (i.e., ISO 8583 & ISO 20022) that ultimately don’t deliver much in the way of detail. TreasuryPay’s Instant™ Demand Data contains all the information from those standard data sets, PLUS an expanded data set that includes information like product SKUs and customer information, all the way back to the point of the transaction’s inception. This information is collected instantaneously regardless of the form of payment (credit card, check, cash, etc.), payment type (PayPal, Alipay, etc.), invoice, or receipt, anytime, anywhere in the world. The information is then delivered within a fraction of a second to the organization via the TreasuryPay platform.
Q: What makes TreasuryPay different than SAP or Oracle, or other enterprise solutions?
A: TreasuryPay complements your existing systems, helping them to run smarter and better by delivering the first-of-its-kind – Instant™ Data. Our solution runs in parallel to enterprise solutions like Oracle, SAP, Infor, MS Dynamics, or other inventory planning systems, without altering or disrupting them in any way. TreasuryPay’s single-source stream of normalized data arrives via API, requiring minimal internal management.
Q: How does TreasuryPay ensure information security?
A: Our security approach is to ensure that only the people you designate have access to the information they need to perform their jobs. TreasuryPay information is anatomized, tokenized, or encrypted according to the National Institute of Standards and Technology (NIST) at every step in our processes. Our partnership with IBM Managed Security Services utilizes global expertise and industry-recognized techniques to help solve today’s toughest endpoint security challenges.
Q: Where will my sensitive information be stored?
Your organization’s information is protected and maintained in duplication for disaster recovery purposes. Access to the system is guarded by leading-edge authentication access or client-defined system requirements. TreasuryPay realizes that while immediate scalability and redundancy are critical features of any cloud-based system, some organizations prefer to maintain their systems within their four walls. To this end, TreasuryPay can be deployed within an on-premise or hybrid environment.
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