Trident Connect™

Trident Connect is an award winning Straight Through Processing software engine which delivers significant value to organisations which carry out numerous payments on a daily basis.

Trident Connect™

Trident Connect is an award winning Straight Through Processing software engine which delivers significant value to organisations which carry out numerous payments on a daily basis.

Sitting in between the organisations banking gateway/s and the accounting solution, Trident Connect automates the manual processes associated with preparation, compliance and signing of payments, significantly improving efficiencies and reducing cost and risk. Trident Connect then transfer payments to the respective banks for execution and updates the relevant ledgers in your accounting system.

Features

  • Create and effect third party payments
  • Create and manage a centralised beneficiary database
  • Approve workflows, leading to sign offs
  • Create batch exports of payments to the bank
  • Reconcile processed payments with the bank transactions
  • Access to a full library of Sort and BIC codes for bank validation
  • Attach documentation to payments
  • Synchronises with your Accountancy Package or ERP.
  • Automates most of your bookkeeping double entry postings through a rule engine.
  • Handles split transactions to affect more than two nominal ledgers.

Benefits

  • Full control and traceability of payments
  • Improved security and privacy when effecting payment tasks
  • Improved Control through payment threshold management
  • Inclusion of compliance and anti-money laundering controls in the payments process
  • Reduces time taken to reconcile bank and ERP transactions.
  • Reduces risk of error when posting transactions from bank statements.
  • Ability to focus on transactions that are exceptions, rather than repetitive.