Once connected, users can create
Payments and counterparties can also be uploaded using batch files – standard Excel templates are provided directly on the platform. These transactions and counterparties are then approved by authorised signatories who can either connect to the LYNKS interfaces, typically upon receiving email or SMS notifications, or e-sign payments directly in the FinologeeSIGN mobile App. The LYNKS platform caters for complex approval processes, with signatory rights depending on accounts, amount, specific signatory group membership and other factors.
Alternatively, outgoing transactions can also be submitted through the LYNKS APIs without the need for human interaction or authorisation (unless such an authorisation process is part of the setup). This capacity allows for end-to-end process automation designs, interconnecting the LYNKS clients’ systems with the clients’ bank accounts.
Users are able to monitor the progress of a transaction and its current status at any time, from creation to execution by the bank, with the intermediary processing and authorisation steps, and retrieve comprehensive audit reports detailing every single action and step. The platform also provides detailed and aggregated views of all transactions on all accounts, with the ability to download statements and visualise balances based on the data stemming directly from the banks’ systems.