Accounts payable

Payment Check

protect the payment run from start to finish
ensure that every payment is made only to validated payees and validated accounts

Finance & IT systems are under attack

Today’s payment processes are typically fragmented, involve multiple stakeholders, and do not focus on assuring the validity of the payee and their bank account details.

This approach makes for a vulnerable process where data in finance and IT operations systems can be easily manipulated by both internal and external threat actors.

What organizations need today is a technology-driven and automated approach to making sure that no one within or outside the organization can manipulate payment file data.

The PaymentKnox™ path to confidence

1

Upload payment file

to the PaymentKnox portal

2

Scanning & analysis

by nsKnox technology

3

Exception report sent

& invalid payments blocked

Powerful protection of every payment run & proposal

Protect multiple payment file types including wires, ACH, domestic and international
Check & send alerts on policy exceptions whether the account is in the master data, and regarding amount, frequency, and more
Block payments to accounts not on the master data or which have policy exceptions

Solution Highlights

Checks

data in payment files in any ERP & other system, including Excel & bank files, and alerts to inconsistencies

Supports

both file-based and API-based integrations

Prevents

insider and outsider fraud attacks

Eliminates

the errors of manual processes

Protects

the payment run throughout the entire process and at every touchpoint

Protect payment runs & proposals

Real-time analysis of payment files

via integration with company systems for continual synch, or via nsKnox portal with proactive upload

Preventing manipulation of payment data

via integration with company systems for continual synch, or via nsKnox portal with proactive upload

Blocking payments to accounts not on the master data

via integration with company systems for continual synch, or via nsKnox portal with proactive upload

Preventing manipulation of payment data

via integration with company systems for continual synch, or via nsKnox portal with proactive upload

Trusted by leading global brands

Get the PaymentKnox™ Essentials service for free for the first 60 days

It’s powerful and easy, with no effort from IT and no changes to current processes are required.