Your Treasury Transformed to a FinTech Profit Center! The complete Digitization and Automation of Payments Authorization & Fulfillment creates 200.000€ in Annual Profits! A leading Insurance Group implemented a complete FinTech Banking Transactions Platform (Treasury Management System - TMS), utilizing SEPA (Single European Payments Area). aplonCASH is now the only system used, for the management of Banking transactions across all the companies of the group. As such it provides a completely digitized & automated interface towards all banks, for the Treasury Division. Learn More at http://www.paymentcomponents.com/aploncash/

1. The complete Digitization and Automation of Payments
Authorization & Fulfillment creates 200.000€ in Annual Profits
for a leading Insurance Group!
A leading Insurance Group implemented a complete FinTech Banking Transactions Platform
(Treasury Management System - TMS), utilizing SEPA (Single European Payments Area).
aplonCASH is now the only system used, for the management of Banking transactions
across all the companies of the group. As such it provides a completely digitized &
automated interface towards all banks, for the Treasury Division.
Your
Treasury
Transformed
to a FinTech
Profit Center
aplon
Cash
Receivables
Balances
Payments
Insights
Corporate Bank Accounts
Corporate ERP Other Corporate Core Systems

2. The Need
› The group handles over 200.000 payments transactions annually, with counterparties clients, partners
and suppliers, using bank accounts across the Eurozone.
› These transactions were, primarily, fulfilled through the issuance of bank cheques and to a lesser extent
through the usage of multiple Web banking Sites manually.
› When using a bank cheque, it has been calculated that the time from issuance & manual authorization,
mailing, until the receipt by the counterparty was significantly higher than the comparable epayments
time.
› Furthermore cheques of minor value, were usually not cashed due to the cost of facilitating the
transaction (the payee had to physically visit a branch). This led to client frustration & friction, as well as
increase in unclaimed cheques, which is classified as credit risk from the issuing bank!
As a direct result of the complexity & fragmented management of payments several issues affected the
Insurance group, as well as it’s clients & partners:
› Significant operational cost for the management of bank cheques leading to poor Financial transactions
experience for clients
› Inability to trace issued bank cheques, severely hindering the Working capital forecasting process
› Perceived “Financial Credit Risk” due to the large number of unclaimed bank cheques in circulation
› High Cost due to a large number of Inter-Banking Transactions, affecting both the Insurance group (approx.
€75.000/annum), as well as the payee (approx. ~€2-4/transaction)
› Complex, Time Consuming & Error prone management of multiple Web Banking interfaces / systems
› Partial depiction of the group “Financial Cycle”, severely hindering the timely & accurate forecasting. This
is directly affecting the ability to make Business Decisions, based on the available Working Capital.
ERP – Auto
ERP – Life
ERP – other
Web Banking
Web Banking
Web Banking
Cheques
Cheques
Cheques

3. The solution
It was evident, that the adoption of a modern FinTech solution, to automate & digitize the management of
payments was necessary in order to streamline the process & become part of the ongoing Digital
Transformation project of the group.
Payment Components provided the aplonCASH TMS solution & worked closely with the Treasury Department
& the IT division to implement a smooth transition in the Treasury FinTech era!
The aplonCASH Treasury Management System (TMS) offers:
› Consolidated management & monitoring of all payments across the 6 companies of the group, under a
unified FinTech platform.
› Same day payments
› Minimize number of Inter-Bank Transactions & relevant costs.
› Full Compliance with the SEPA directives
› Complete control of available funds per bank through the optimal Payments Routing mechanism & rules.
› Fully automated, two way, M2M communication for the transmission of payment orders & the receipt of
bank responses
› Detailed & actionable Insights via BI dashboards, depicting the entire “Financial Cycle”
› Digital “4 eyes” authorization workflow process
› Accurate & complete audit trail
ERP – Auto
ERP – Life
ERP – other
aplonCASH UI

4. Benefits
Since the very first day the aplonCASH TMS became operation, significant benefits were immediate &
measurable:
For the Insurance Group
› Reduce cost of Inter-Banking transactions by at least €75.000 annually, through the use of Optimized
Payment Routing rules.
› Switch to digital transactions – almost eliminating the need for manual issuance of cheques. This is
expected to reap cost savings of €125.000 in 2017.
› Eliminate the flow of unclaimed cheques & the perceived “Financial Credit Risk” it created.
› Speed up and Streamline the entire workflow to authorize & issue payments
› Complete & Accurate audit trail enabling full transparency of the payments process
› Significantly reduce time to detect & respond to potential issues (e.g. wrong IBAN payee number), leading
to same day resolution
› Ability to create & update an accurate Working Capital forecasting model
For clients & partners
› Eliminate Inter-Banking transactions costs
› Same day payments
› Digital transactions don’t require Branch presence to receive the payment
› Immediate detection of IBAN related issues & support from the Insurance company
Are you ready to bring your Treasury to the
FinTech era?
Contact us to show you
how aplonCASH
transforms the Treasury to
a Profit Center!
64 Princes Court , 88 Brompton Road , Knightsbridge, London SW3 1ET, United Kingdom
Tel. : +44 2071172538 | www.paymentcomponents.com | @paymentcomp