June 16 , 2014
Reval says payments revolution still to come
London – In the wake of SEPA (Single Euro Payments Area) implementations, 93 per cent of finance professionals report that they have strategic payments initiatives on their agendas for this year, but only 18 per cent are implementing payment factories or shared service centres, says a survey by Reval, a global Software-as-a-Service (SaaS) provider of comprehensive and integrated Treasury and Risk Management (TRM) solutions.
“The pioneers in treasury have already started leveraging SEPA to implement more sophisticated payments concepts. It´s only a question of time until others will follow," says Günther Peer, director at Reval. "But it will be the adoption of technology that will determine the pace of the payments revolution."
The study shows that 66 per cent of respondents are planning investments in new payments technology. Among these, 25 per cent say they are planning to implement new treasury technology and 29 per cent say they are planning to improve the use of their existing treasury systems’ payments capabilities.
"A SaaS-based treasury system could provide a flexible, independent solution for bypassing a fragmented payment infrastructure. SaaS technology would easily integrate and streamline a corporate´s global payment processes within only a few months," says Peer.