Nomentia Payment Process Controls

Nomentia Payment Process Controls is a built-in module within the Nomentia Payments solution that enhances the security, compliance, and accuracy of corporate payment workflows. It enables organizations to automatically detect anomalies, enforce internal policies, and validate payment data before transactions are executed.

Features

• Rule-based anomaly detection for outgoing payments
• Prevention of internal and external payment fraud
• Double payment prevention mechanisms
• Sanctions screening and compliance enforcement
• Customizable approval workflows (up to 6-eyes principle)
• Real-time alerts for suspicious or invalid transactions
• Data validation checks (e.g., IBAN, beneficiary name, country)
• Integration with existing ERP and treasury systems
• Manual review and escalation of flagged payments
• Built-in controls embedded in all payment processes

Capabilities

• Define and enforce company-wide treasury and finance policies
• Automatically screen all outgoing payments for irregularities
• Validate payment data quality using advanced algorithms
• Configure conditional rules and actions for specific scenarios
• Escalate and block payments that violate rules or contain errors
• Maintain audit trails and compliance documentation
• Integrate seamlessly with Nomentia’s global payment hub
• Support for multi-entity and multi-country operations

Benefits

• Reduced risk of fraud and human error in payment processes
• Improved compliance with internal and external regulations
• Increased confidence in payment data accuracy
• Faster detection and resolution of payment anomalies
• Streamlined approval and validation workflows
• Enhanced transparency and control over financial operations
• Lower operational costs through automation and error prevention
• Strengthened internal governance and audit readiness