In the digital era, your finance teams must leverage technology and best practices to navigate the complexities of managing large numbers of minuscule inbound and outbound transaction amounts with consistency and accuracy. Significant aggregate and summarization issues arise with these payments, particularly when they involve fractions of cents and/or diverse currencies in our global economy.

If you still rely on legacy systems designed for larger transactions, you may struggle with micropayments’ high volume and granularity. Micropayments demand real-time processing and detailed reports for auditing, compliance and decision-making that outdated systems may not handle efficiently.