Pagero E-banking is an integrated solution that connects a company’s ERP or financial systems to the banks they work with via a cloud-based network connection. It’s an efficient way to initiate bank transactions and get a full overview of financial activity across all the different banks and accounts a business is associated with.
As an automated solution for making payments, deposits and wire transfers, managing cash flow and complying with local regulations, Pagero E-banking optimizes the visibility of daily banking activity.
This solution should not be confused with online banking, also known as internet banking or web banking, which is a platform that enables business or personal banking tasks through the bank’s website.
With Pagero’s electronic banking solution, companies of all sizes can save time and money, achieve efficient handling of expenses and increase transaction security. More benefits include:
Let's go into more detail on how Pagero E-banking helps you meet specific regional requirements or best practices.
In the Nordic countries, banks will soon move to a standard transaction format. Using Pagero E-banking, you will automatically comply with the rules and support the correct format and links to the banks. This enables an efficient way to conduct national and international transactions in the new ISO 20022 XML format standard.
Now that you know the benefits of Pagero E-banking for your business, we recommend taking the following steps to get started:
- Consider which processes you want to optimize with e-banking. Evaluate your accounting processes to see where improvements could be made in payables, receivables, or both.
- Consider which systems and banks you would like to connect. Automated communication to your electronic banking solution collects your files from different systems on one interface to transfer and receive all data in one unified way. The right e-banking solution does not require working separately in different systems or banks.
- For Nordic customers, talk to your bank and inform them that you are considering Pagero E-banking and changing to the ISO 20022 format.