Straight Through Processing (STP) is a technological advancement that allows financial transactions to be processed from start to finish without manual intervention. STP enables information to be entered only once, eliminating redundant rekeying of data. It automates the entire transaction process, reducing errors, increasing efficiency and freeing up staff time. Implementing STP with a system like AccessPay gives businesses benefits like lowered costs, improved data quality and visibility, and reduced operational risk.

1. What is Straight Through Processing?

2. Overview
 Financial processes are becoming more complicated, making them
increasingly difficult to manage…
 As you read this, treasurers up and down the country have staff
manually rekeying the same information into their banking portals…
 And they do this week in, week out.
 But there is a solution. Straight Through Processing (STP)…

3. What is Straight Through
Processing?
Straight Through Processing is a key technological advancement used by
organisations to process financial transactions from beginning to end
without manual intervention.
 With Straight Through Processing, information only needs to be entered
manually once, which means no more rekeying ever again!

4. Why do you need Straight Through
Processing?
Manual transaction processing and rekeying is:
• Time consuming.
• Prone to errors.
• Susceptible to fraud.
Straight Through Processing, on the other hand, automates the entire
process from start to finish, eliminates redundancies and mitigates the
risk of human error.
 Straight Through Processing frees up treasury staff to focus on strategic
analysis and long term planning.

5. What are the benefits of Straight
Through Processing?
By automating your payment transactions, Straight Through Processing can give
your business immediate competitive advantages:
 Reduced error rates.
 Greater visibility of
transactions and cash
positions.
 Greater staff efficiency and
productivity.
 Quicker transaction processing times.
 Reduced operational risk by
minimizing manual intervention.
 Improved data availability, reliability
and accuracy.

6. Straight Through Processing
with AccessPay
AccessPay uses Straight Through Processing to take data directly from ERP
and payroll systems, and then send it to the bank safely and securely,
without the need for human involvement.
Our solutions also allow you to create simple to complex workflows, and set
payment approval processes quickly and easily.
AccessPay can offer you a whole range of automated payment and cash
management solutions with Straight Through Processing built in, whether
you’re sending or receiving domestic or international payments.

7. Straight Through Processing with
 Bacs Payments
AccessPay
 Direct Debit Management
 Faster Payments
 SEPA Payments
 Multi-Bank Cash Management

8. London HQ
Contact AccessPay
CEC Winchester - Crawford
Place,
259-269 Old Marylebone
Rd, London.
NW1 5RA
+44 (0) 203 282 7152
Manchester Office
City View House,
Union Street,
Manchester.
M12 4JD
+44 (0)161 667 1220
Email: info@accesspay.com
Website: www.accesspay.com