Corporate refunds

The theme of customer refunds often constitutes for Corporates the need to manage an expensive process with poor traceability.

In the absence of banking information of its customers, refund management takes place mainly through the use of traditional payment instruments: cashier's checks, drawing checks, etc.

Flowbe has developed a solution for the management of massive refunds, in the absence of bank details of the beneficiaries, with the aim to be simple, fully traced, and integrated with corporate ERP and banking systems.

Main features of the service

How to use

Operation

Benefits

Governance e back-office

Through a practical dashboard, it will be possible to monitor the status of all refunds in real-time, with the possibility of automatic reconciliation of payment flows, reducing back-office operations and related costs.

Fraud prevention

Different methods of authentication of the beneficiary guarantee a reduction of fraud.

All the process is also certified on the ABILabChain banking blockchain and then opposable in the event of a dispute.

Versatility

According to the different contexts of use and of the customers to whom refunds should be sent, different types of reimbursement guarantee adaptability to any case.

Simplicity

Simple to integrate within corporate management.

Simple to use for final recipients.

Safety

Solution natively integrated and offered by the banks to guarantee the corporate and end users.

Guarantees of identity of the beneficiary thanks to the digital identity or the indication of a shared secret known only to the beneficiary

Monitoring Dashboards

Are you interested in learning more?