𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗜𝗻𝗶𝘁𝗶𝗮𝘁𝗶𝗼𝗻 𝘃𝗶𝗮 𝗘𝗥𝗣: 𝗧𝗵𝗲 𝗕𝗮𝗻𝗸’𝘀 𝗣𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲 — 𝗘𝗽𝗶𝘀𝗼𝗱𝗲 𝟭

What really happens after Corporate Treasury creates a payment in SAP, Oracle, Workday, or another ERP system and hits 𝗥𝗲𝗹𝗲𝗮𝘀𝗲? In this first episode, I explain the complete payment initiation process from the 𝗯𝗮𝗻𝗸’𝘀 𝗽𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲 — in clear, practical terms. We start by looking at how corporate payments are moving away from separate bank portals and toward more connected ERP-to-bank workflows. The ERP creates and approves the business payment instruction, but the bank is responsible for securely receiving it, validating it, applying controls, processing it, routing it, and reporting the status back to the company. 𝗜𝗻 𝘁𝗵𝗶𝘀 𝗲𝗽𝗶𝘀𝗼𝗱𝗲, 𝘆𝗼𝘂’𝗹𝗹 𝗹𝗲𝗮𝗿𝗻: • What payment initiation through an ERP really means • The difference between what the ERP does and what the bank does • The bank’s four main roles: 𝗖𝗼𝗻𝗻𝗲𝗰𝘁, 𝗖𝗼𝗻𝘁𝗿𝗼𝗹, 𝗣𝗿𝗼𝗰𝗲𝘀𝘀, 𝗮𝗻𝗱 𝗥𝗲𝗽𝗼𝗿𝘁 • What banks require before a company can begin sending production payments • Why payment data quality is so important • How payments move from the ERP to the bank through APIs, SFTP, Host-to-Host, and SWIFT FileAct • How payment message formats such as ISO 20022, pain.001, pain.002, NACHA, and SWIFT fit into the process • The full end-to-end workflow from ERP approval to bank acceptance • The technical, security, business, fraud, sanctions, and compliance checks banks may perform • How acknowledgements, payment statuses, and bank statements close the feedback loop • What can go wrong and how exceptions are handled • How ERP-to-bank payment integration is implemented from discovery through go-live 𝗧𝗵𝗲 𝗸𝗲𝘆 𝘁𝗮𝗸𝗲𝗮𝘄𝗮𝘆 𝗶𝘀 𝘀𝗶𝗺𝗽𝗹𝗲: 𝗘𝗥𝗣 𝗽𝗮𝘆𝗺𝗲𝗻𝘁 𝗶𝗻𝗶𝘁𝗶𝗮𝘁𝗶𝗼𝗻 𝗶𝘀 𝗻𝗼𝘁 𝗷𝘂𝘀𝘁 𝗮 𝘀𝘆𝘀𝘁𝗲𝗺 𝗰𝗼𝗻𝗻𝗲𝗰𝘁𝗶𝗼𝗻. 𝗜𝘁 𝗶𝘀 𝗮 𝗰𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗽𝗮𝘆𝗺𝗲𝗻𝘁 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝗽𝗿𝗼𝗰𝗲𝘀𝘀 𝘀𝗵𝗮𝗿𝗲𝗱 𝗯𝘆 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗧𝗿𝗲𝗮𝘀𝘂𝗿𝘆, 𝘁𝗵𝗲 𝗘𝗥𝗣, 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗯𝗮𝗻𝗸. In 𝗘𝗽𝗶𝘀𝗼𝗱𝗲 𝟮, I’ll go deeper into the 𝗧𝗲𝗰𝗵𝗻𝗶𝗰𝗮𝗹 𝗥𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀 𝗳𝗼𝗿 𝗘𝗥𝗣 & 𝗕𝗮𝗻𝗸 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗶𝗼𝗻 — including connectivity, APIs, security, payment formats, and data standards. If you work in Corporate Treasury, Finance, Payments, Banking, ERP, TMS, or Treasury Technology, this series is designed to help you understand what is happening behind the scenes and how the entire payment lifecycle fits together. 𝗦𝘂𝗯𝘀𝗰𝗿𝗶𝗯𝗲 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗽𝗿𝗮𝗰𝘁𝗶𝗰𝗮𝗹 𝗱𝗶𝘀𝗰𝘂𝘀𝘀𝗶𝗼𝗻𝘀 𝗼𝗻 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗧𝗿𝗲𝗮𝘀𝘂𝗿𝘆, 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀, 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆, 𝗮𝗻𝗱 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻. 𝗦𝘂𝗱𝗲𝗲𝗽 𝗥. 𝗦𝗵𝗮𝗿𝗺𝗮 | 𝗞𝘂𝗯𝗲𝗿 𝗧𝗿𝗲𝗮𝘀𝘂𝗿𝘆 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 #CorporateTreasury #Payments #ERP #SAP #Oracle #Workday #TreasuryTechnology #Banking #ISO20022 #APIs #PaymentTransformation #TreasuryManagement #Fintech