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
Multi-bank account connectivity is a challenge that affects most businesses and financial industry players. ENPAY – as a comprehensive payment platform encompassing access to all bank accounts – is by default many times more time and cost-efficient than selecting, implementing, and using different tools and services from different banks or providers.
Thanks to FinologeeAuthenticator, ENPAY clients can handle certificate assignment and mobile App installation/ distribution (to staff members and/or external signatories for instance) in a very efficient and flexible way, with their own resources and procedures, while relying on a highly secure setup operated by Finologee, with INCERT-issued certificates at the core of the framework.
Finologee’s Authenticator stack also provides several advanced features that streamline daily operations, such as a user management system available through one or more secure administrator accounts, with 4 eyes principle/ approval workflows, as well as user audits with export features that are very useful with regards IT security and compliance requirements.
With ENPAY, users can create counterparties to whom they make payments and from whom they receive payments. In doing so, it is crucial to check these first, as financial sector professionals are required to carefully screen their counterparties for anti-money laundering (AML) and counter-terrorist financing (CTF) purposes.
To better assist ENPAY users in complying with AML/CFT obligations, the professional payments platform enables them to search for their counterparties on sanctions, PEPs, and adverse media databases. On this basis, corresponding risk levels can be assigned and workflows defined per level/user. Additionally, monitoring rules can be specified for each counterparty risk level. Counterparties are then automatically monitored in line with users’ AML/CFT policies. Instead of redoing screenings from scratch, ENPAY screening engine alerts users only when new results appear on the sanctions lists.
ENPAY also tracks the entire history of changes that have occurred during a counterparty’s lifecycle, so users can go back in time and know at any point what the status of the screening results were when a payment was approved.
By using ENPAY’s KYC control features, users are now compliant at the most critical moment: when they request a payment.
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
Yooz Invoicing Services was used by a ManCo/FundAdmin client to make invoicing paperless for their business. Yooz delivers the highest automation rates by industry standards, combined with unrivalled simplicity, to help accounting and finance leaders tackle their productivity and security challenges from purchase to payment.
As ENPAY can be integrated into any process or endpoint in the customer’s environments, we look forward to continuing the partnership with Yooz in the future.
In & outgoing payments
Credit transfer management: individual
Batches upload and validation process with error display
Multi-currency compatibility
Fast & secure data input interfaces with transparent status display
Statement reports
All-encompassing visualisation of transactions – per account & grouping of accounts
Export features (PDF, XLS, CSV, MT940, custom)
Optional automated account statement printing service (transfer by regular postal mail)
[NEW] Multi-bank Account aggregation
Connect & manage virtually any bank account at any bank (via SWIFT)
End-of-day & intra-day account balances from banks
Aggregated data views & calculations
Advanced bank management: banks’ custom formats, properties & cut-off times managed & reported
Custom reports & balance evolution
Standing orders
Create recurring payments
Weekly, monthly, quarterly time intervals
Automatic reminder feature upon expiry
Advanced counterparty & beneficiary management
Single counterparty creation & batch import
Edit with validation workflows
In & out payments consolidation per counterparty
Peppol Access Point Module
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
Versatile Workflow management
End-to-end payment 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
FinologeeAuthenticator mobile App, Luxtrust or clients’ own authentication mechanism (OAuth2, SAMLv2)
Valid e-signature for payment/counterparty validation with smartphone
One token to access all your account and manage your payment
API end points
Create transactions, manage counterparties, retrieve reports
Integrate with any ERP, TMS, process or end-point in clients’ environments
Full Audit trail
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
Upload document to provide proof
User management audit trail
Counterparty risk level management
Define the risk level of a counterparty
Refine your authorization or signature process
Update your risk level based on your ongoing counterparty monitoring
Rule-based email & SMS notification system
Adapt your notification system based on your signature rules workflow
User based notification management
Group based notification management
Charts, flows & cash management
History & balance evolution charts
Role-based dashboard & action centre interfaces
Centralized “Action centre” designed to show all the pending actions
Get at-a-glance views of all ENPAY key performance indicators
Users get a fast-track access to the actions that are relevant to them
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
[NEW] KYC/KYT
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.