Delivering automation of payment investigations for SWIFT and RTGS
TLM Aurora Advanced Payment Control provides financial institutions with a single, integrated solution to track, monitor and investigate all their payments. Highly sophisticated, it enables firms to streamline and optimise investigations, irrespective of the payment system used.
Advanced Payment Control offers a standardised way of working; its pre-configured workflows allow the automation of large parts of the exception handling process, guiding users through the exception lifecycle, and virtually eliminating the risk of errors occurring. These tailored workflows not only reduce the potential for error but it improves resolution times – leading to increased efficiency and reduced costs.
Sophisticated analytics provide valuable insights into the root causes of failed or investigated payments, empowering financial institutions to tackle problems at source, as well as to better understand the level of effort actually required to deal with different exception types, payment systems or correspondent banks.