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
Connect to the international PEPPOL network
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Send and receive electronic documents to and from the government or any other companies that are connected to the Peppol Network
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Archive documents for non-repudiation
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Submit proprietary files that contain invoice or credit note information and convert them to the official Peppol BIS 3.0 format
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
Following the law of 16 May 2019 related to e-invoicing, economic operators are now obliged to create and send their invoices to public administrations in electronic form. With the Finologee Access Point on the Peppol network, these e-invoicing processes can be carried out effortlessly.
Connect
to Peppol network
Exchange
electronic documents
Archive
signed documents
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
Peppol Access Point Module
[New]
Peppol certified Access Point – eDelivery and Post-Award services, including dynamic participant discovery and AS4 profile compliance
Service Metadata Publisher – As a certified Peppol Service Metadata publisher (SMP), providing for clients’ capabilities and compatibilities publication, new participants’ onboarding and publication of onboarded participants to the Service Metadata Locator
Connectors – Simple REST API, Complete REST API and file upload via HTTPS and SFTP
Archiving all signed Peppol documents and their signed receipts for the legal period of 10 years. These documents can easily be retrieved though an API or through the web interface.
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.