The company requires a digital solution to automate and streamline the preparation, signing, and transmission of bank payment instructions. This solution will replace the current manual and paper-based processes with a fully digital workflow on the Mendix platform.
Business Need: The company requires a digital solution to automate and streamline the preparation, signing, and transmission of bank payment instructions. This solution will replace the current manual and paper-based processes with a fully digital workflow on the Mendix platform.
Solution: An application was developed and delivered to modernize the process of creating and approving bank payment instructions. This project eliminates the reliance on wet signatures and Excel-based workflows, replacing them with a streamlined and secure digital platform.
Results: Key features of the solution include: Digital Payment Instruction Creation: Payment instructions are generated digitally within the platform, ensuring consistency and accuracy. Mobile Signature Approval: Eliminates the need for wet signatures by enabling authorized signatories to approve payment instructions via mobile signature, reducing delays caused by location dependency. Secure File Transfer Protocol (SFTP): Ensures secure transmission of payment instructions to banks, maintaining confidentiality and data integrity. Error Minimization: Reduces errors associated with manual data entry and Excel-based workflows through automated processes. Legal Validity: Adds mobile signatures and timestamps to payment instructions to comply with legal standards and ensure audit readiness. Workflow Efficiency: Speeds up the payment approval process, preventing delays in work processes and enhancing overall operational efficiency. This system empowers the client to optimize their financial workflows, ensure secure and error-free bank transactions, and align with modern digital and legal standards.