By clicking and viewing an attached document, business owners and financial managers will know exactly what a particular payment relates to. For example, getting more information about the payment terms or details of the invoice in order to make an informed decision as to whether a payment should be approved or rejected.
The authorisation is digitally stored, showing all actions performed by users in a comprehensive audit trail of user actions performed, and of related attached documents – “Document Trail”.
Once the payment is complete, a copy of the supporting documentation is securely stored online, making it easy to recollect historical information pertaining to the payment.
“DocTrail is a great example of how large banks can also compete in the highly contested and fast-changing global FinTech arena that is seeing many small technology start-ups exploit opportunities in the financial services sector, often as a result of blind-spots by the larger established players.”
DocTrail
is available to all FNB Business Banking customers through the FNB Online Banking Enterprise.
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