Domestic payables
Domestic payables incorporates a suite of integrated cash management solutions designed to help enhance cash flow. It can also help businesses operate more efficiently and improve the management of working capital.
ANZ Payment Solutions is a unique offering that lets you group payment information — including direct credit, OSKO, bank cheque and remittance instructions — in an ISO 20022 industry standard message, reducing the time and cost associated with payment processing.
Optimising business performance
High payment volumes
- Ideal for businesses that generate medium to high volumes of domestic payments or cheques, or need flexible remittance options to support their payments
Greater visibility
- Provides dynamic cheque reporting, improving visibility over future-dated and web authorisation payments
Optimise working capital
- Working capital can be optimised by paying invoices on their due date, thereby improving interest earned on corporate account balances
Minimise risk
- Customers with no upstream Enterprise Resource Planning (ERP) authorisation capability can leverage ANZ's Payment Solutions Web Authorisation to help minimise risk
- ISO 20022 is an international standard that covers payment messaging, which is maintained by the International Organisation for Standardisation (ISO)
Greater efficiencies
- Cheque information files provide you with visibility over the status of cheques that can be integrated back into your ERP
- Eliminates manual processes, such as uploading payment information, obtaining multiple authorisations, writing cheques and reconciling accounts. Domestic payables can help streamline your business administration and free up resources
From aerospace to zinc
and just about everything in between
ANZ Institutional supports customers across a wide range of industries operating domestically or moving goods and capital across Asia-Pacific and beyond.
Speak to us about our banking solutions
If you're an existing customer
speak to your ANZ Relationship Manager
or Account Manager
View our full set of relevant disclosures.
For the latest forms, rates and terms for our banking solutions, please visit Important resources and forms.