Straight Through Processing
Many of Decipha's customers receive "straight-through" processing as part of their service.
"Straight Through Processing" or (STP) refers to where following our processing, transactions can be completed electronically without the need for re-keying or manual intervention by the client. (In other words, it can go "straight through" their systems automatically to completion).
In a number of cases, this straight-through element can be achieved by:
- Decipha lodging information directly with the client's third party (ie undertaking payments on the client's behalf by providing banking information to the client's nominated banking provider).
- Directly interfacing with the client's systems which can complete any remaining processing automatically.
- Decipha working with one of our software partners to provide additional software modules capable of integrating with the client's systems to facilitate STP (ie financial automation software modules for Accounts Payable).