Finance & Treasury Glossary of Terms
Here are some definitions for commonly used terms in the finance and treasury space. If you can’t find the definition you’re looking for here, feel free to contact us – we’re here to help!
Contact useInvoicing
The electronic exchange of invoice data in a structured digital format between buyers and suppliers, improving accuracy, visibility, and processing efficiency.
Electronic Bank Account Management (eBAM)
A digital process for opening, modifying, and closing bank accounts and mandates using secure, auditable workflows instead of manual documentation.
Embedded Finance
Embedded Finance describes a state where financial services, like payments, lending, or insurance, are built directly into non-financial platforms. Think of a “Buy Now, Pay Later” option at checkout, or payroll software that lets businesses send salaries directly from the system. It removes friction and makes financial transactions more seamless for customers and businesses alike.
End-to-End Payment Traceability
The ability to track a payment from initiation through approval, submission, settlement, and reconciliation across systems and banks.
End-to-End Payment Visibility
Full visibility of payment creation, approval, submission, processing, and settlement across all banks.
Enterprise Payment Platform
A scalable platform designed to support high-volume, multi-bank, and multi-system payment operations.
Enterprise Resource Planning (ERP) Software
An integrated business system that manages core organisational processes such as finance, procurement, accounting, reporting, and operational controls.
ERP payments
Payments that are generated, approved, and processed directly within an Enterprise Resource Planning (ERP) system using standardised workflows and payment formats.
ERP-to-bank integration
An automated and secure connection between an ERP system and banking platforms that enables straight-through payment processing and bank reporting.
Exception handling
The structured process of identifying, investigating, and resolving payment errors, failed transactions, exceptions, or process deviations.
Exception-Based Processing
A processing model where compliant payments flow automatically and only exceptions require manual review or intervention.
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