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Banking Information Management

Your corporate strategy and the success of your business increasingly depends on leveraging your third party relationships.

However, incomplete information regarding your third parties continues to be a top pressure affecting supplier management. Hiperos research shows that more than 85% of companies are negatively affected by inaccurate or incomplete banking information on their third parties resulting in:

  • accounts payable issues
  • service interruption resulting from payments not being received
  • potential for payment fraud
  • possible money-laundering issues

Hiperos Banking Information Management provides organizations with a consistent, intelligent and automated approach of collecting and maintaining correct and complete banking information from their third parties.