Many organisations look to centralise the processing for two inter-related reasons. One to get control of costs and second to ensure an efficient use of liquidity. In small organisations, the potential benefits from centralisation may be quite small. However, for large organisations that can strip out multiple payment processing centres, the potential benefits are significant, particularly if a central payment processing hub can manage payments on behalf of multiple legal entities.

However, although the technology exists to process payments from a single location, local regulation and practices mean it can be difficult to achieve the full centralisation using a single standard process for all types of AP payments (i.e., vendor, employee, government and regulatory payments). WWCP’s Country Payment Reports are guides to the market practices and local regulation that relate to cross-border payments in all the countries covered.