Enhanced Secure File Transfer Capabilities
Commonwealth FX’s File Loading Exchange (FLEX) offers flexible and enhanced file upload capabilities and enables straight through processing (STP) of payments. Your business no longer needs to maintain multiple file integration formats, make significant business process changes or rely on IT development to transfer and process your payment files effectively.
EFFICIENCY AND ACCURACY
No manual data entry reduces errors and supports efficient and accurate uploading and processing.
EASE AND CONVENIENCE
With less file integration formats and reliance on IT development, you can process your payment files easily and effectively.
The FLEX process eliminates manual entry and reduces errors to improve accuracy and overall productivity – straight through processing.
Maintain control of payment process with flexible and customized transfer capabilities:
Multiple File Formats
Accept and process payment files from ERPs, accounting software and treasury management systems in a variety of file formats including SAP, Oracle, CSV and XML.
Fast and Accurate
Eliminate manual entries, reduce errors and improve productivity with STP.
Access FLEX via browser, client software, or server to server for seamless integration for files to be manually uploaded or file transfers to be fully automated.
One Convenient Format
Dynamically converts your payment files automatically into a single format for all payment types – wires, drafts, USD and foreign currencies.
Your consolidated payment file is processed based on your current business procedures, including enhanced control procedures such as approval hierarchies and workflow.
Your payments are monitored by your dedicated account team and delivered accurately and on time.
Receive custom reporting to upload transactional information into your systems to support reconciliation and potential payment inquiries.