George is the magazine for St.George Bank’s corporate customers. Aimed at executive-level readers, it features customer case studies, news, articles on emerging business and management trends, product information, lifestyle features and more.
Issue link: http://viewer.e-digitaleditions.com/i/48224
St.George says | PaymentsPlus PaymentsPlus M anaging business cash flow is always a key priority for any company. Given the prevailing climate of market volatility, it is vital that businesses maintain an even greater focus on keeping on top of payments and maintaining supplier relationships to ensure their business grows from strength to strength. This is where PaymentsPlus comes in. A product designed to assist with managing payments and supplier relationships, PaymentsPlus is the latest service from St.George and is designed for customers who make a significant number of creditor payments and/or process large numbers of remittances. "PaymentsPlus provides a streamlined method for business payments," says Rob Phelps, General Manager Business Banking, St.George. "PaymentsPlus is a simple, internet-based solution that not only allows you to pay suppliers, employees, shareholders and other third parties easily, but also helps you manage all your payables in a fast, efficient and secure way. "Traditionally, managing an organisation's payments is time-consuming and expensive – there are cheques to be printed and signed, remittance advices to be created and mailed out, and payments to be reconciled," Rob adds. "PaymentsPlus allows organisations to outsource the entire payment production and disbursement function and that valuable time and money can be spent in other core areas of the business." Rob says it's not just time that users of the new product When it comes to running a business, we know that managing payments takes up too much of your valuable time. PaymentsPlus, the simple one-stop-shop offering from St.George, streamlines the process every step of the way – making operations simpler and more efficient. Rob Phelps General Manager Business Banking, St.George will gain – PaymentsPlus will enhance their supplier relations too. "PaymentsPlus also caters for suppliers as they can log onto the portal and view remittances online," says Rob. "They can also see an up-to-date payment status rather than having to phone through and ask where a payment is at, as well as being able to download information to help them accurately forecast their cash flows. It's all data they can obtain online, giving them the freedom to track payments on individual transactions." It's clear that PaymentsPlus can help manage the processes and costs of business payments. Costs that can be reduced include day-to-day expenses incurred through a company's accounting function and the printing and postage of cheques and remittances. In addition, PaymentsPlus offers a customisable reporting facility that enables businesses to access all reports online and utilise customised information tools to meet the financial and accounting needs of the businesses involved. And comprehensive reporting means a simplified reconciliation process. Rob is also keen to point out how straightforward it is to utilise the solution. "Users simply upload and authorise a file that includes payment details along with their elected payment methods (EFT or cheque)," he says. "Then it's over to St.George to do the rest." For more information on PaymentsPlus, contact your St.George Relationship Manager or email paymentsplus@stgeorge.com.au Conditions, fees and charges apply. Before making a decision it is best to read the terms and conditions which are available on application. This information is prepared without knowing your personal financial circumstances. Before you act on this please consider if it is right for you. 38 George www.stgeorge.com.au/george