Features
ENPAY is designed to simplify and automate payment processes from start to finish.
Manage all incoming & outgoing payments
- Trigger & monitor credit transfers
- All-encompassing visualisation of transactions – per account & grouping of accounts
- End-of-day & intra-day account balances from the banks’ systems
Unrestricted bank connectivity
- Multiple accounts – payment accounts, multiple currencies …
- Multiple banks – global reach through the SWIFT network with Finologee’s BIC
- Close monitoring and optimisation of connected banks
First-class user experience & automation
- Modern, fast, secure & easy-to-use web interfaces (no/low training requirements)
- Activity dashboard for quick overviews by role: pending & recent transactions, errors …
- Desktop, mobile & API access
- Flexible payment authorisation workflows with e-signatures & email/SMS notifications
Optimised for Luxembourg-based entities
- Hosted and operated in SaaS setup in Luxembourg – no on-premise installation required, but API integration possible
- Straightforward compliance with EU & Luxembourg outsourcing regulations through “Support PFS” licence
- ISO 27001:2013 certified
Outgoing payments
Credit transfer management: individual & batches
Connect & manage virtually any bank account at any bank (via SWIFT)
Multi-currency compatibility
Fast & secure data input interfaces with transparent status display
Incoming payments [NEW]
All-encompassing visualisation of transactions – per account & grouping of accounts
Export features (PDF, XLS, CSV, MT940, custom)
History & diagrams
Optional automated account statement printing service (transfer by regular postal mail)
Account aggregation [NEW]
End-of-day & intra-day account balances from banks
Aggregated data views & calculations
Cash management & visualisation with charts
Custom reports & balance evolution
Standing orders
Create recurring payments
Weekly, monthly, quarterly time intervals
Automatic reminder feature upon expiry
Batch file uploads
Payments & counterparties creation/import with batch file
XLSX file templates & documentation with tooltips
Validation process with error display
Optional custom format & data mapping
Bank connectivity
Multiple accounts – payment accounts, multiple currencies …
Multiple banks – global reach through SWIFT connectivity, own BIC …
Advanced bank management: banks’ custom formats, properties & cut-off times managed & reported
Counterparty management
Single creation & batch import
Edit with validation workflows
Advanced data model (name screening, risk management)
In & out payments consolidation per counterparty
User experience
Modern, fast, secure & easy-to-use web interfaces (no/low training requirements)
Activity dashboard for quick overviews based on role: pending & recent transactions, errors …
Desktop & mobile optimisation of screens
Data visualisation & charts
Workflow management
Payment authorisation workflow with valid electronic signatures
Single or multiple step & signatures conditions & validation, with authorization groups
Status reports, process overview & reminder functions
Email & SMS notifications
Multi-level user access & rights management
Advanced rights management (account, amounts, groups, payment type …)
Feature-specific access rights
Transaction & counterparty access
Multi-factor authentication (MFA) & signature
FinologeeAuthenicator mobile App, Luxtrust or clients’ own authentication mechanism (OAuth2, SAMLv2)
Valid e-signature for payment/counterparty validation with smartphone
API end points
Create transactions, manage counterparties, retrieve reports
Integrate with any ERP, TMS, process or end-point in clients’ environments
Own connection to the SWIFT network
Use of Finologee’s own BIC to access any SWIFT-connected bank & account
Light-touch & standardised process (Power-of-Attorney) with banks to set up/connect clients’ accounts
SWIFT security standards applied
Audit & transparency
Full audit trail per transaction, counterparty, global
Variable reports & statements in multiple formats (PDF, XLSX, MT940, custom)
Detailed payment status monitoring: signature steps, bank steps, confirmation or error reports
Hosted SaaS setup
Hosting in Luxembourg in redundant Tier IV data centres (EBRC)
Multiple SLA configurations
24/7 operations by Finologee’s DevSecOps team
State-of-the-art monitoring & BCP/DRP procedures
IT Security
ISO 27001:2013 IT security architecture & processes certified by Bureau Veritas
Swift CSP compliant
Individual electronic signatures issued by external certificate authorities used for end-to-end non-repudiation of payments
Penetration tests performed by external security professionals
Compliance
Finologee operates as a Luxembourg ‘Support PFS’ (regulated IT provider) license issued by the Ministry of Finance
Enables compliance with outsourcing regulatory requirements of finance professionals (EBA guidelines on outsourcing arrangements & national circulars)
Fully audited (internal & external audit carried out by two ‘Big 4’ firms)
Support & training
Local customer care team with professional web portal, status management & phone support
Dedicated project & account managers, reports & assistance
Custom team & individual training
Risk Management
Easy and transparent monitoring of transactions with full audit trail
Advanced counterparty validation processes
IBAN blacklist/blocking
Optional integration with external tools for pattern/risk detection
KYC/KYT [NEW]
Counterparty name screening & monitoring using blacklist/sanction list providers
Counterparty risk level definition with optional signature/validation rule dependency
Optional integration with external KYC system for lifecycle (e.g. Finologee’s KYC Manager)
Compliance officer/team integration into workflow (e.g. high-risk counterparties)
Do you want to know what we could build together or get a product demo?
Get in touch and we will evaluate how we may help you.