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OmniCore PayHub

OmniCore PayHub is a robust, centralized payment gateway aggregator and reconciliation engine designed to simplify and streamline payment processing for businesses, government entities, and customers.

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OmniCore PayHub Overview

OmniCore PayHub is a robust, centralized payment gateway aggregator and reconciliation engine designed to simplify and streamline payment processing for businesses, government entities, and customers.

This secure and scalable solution ensures seamless integration with multiple payment channels, enabling organizations to facilitate, settle, and reconcile transactions efficiently, while adhering to regulatory and compliance standards.

OmniCore PayHub goes beyond simple payment aggregation to support advanced reconciliation workflows and provide deep integration with key financial systems such as General Ledger, Accounts Receivable, and Accounts Payable modules of customers ERP solutions.

Key Features of OmniCore PayHub

Redefining the Future with Groundbreaking Innovation, Unparalleled Performance, and Endless Possibilities Across Every Industry

1

Centralized Payment Gateway Aggregation

Acts as a centralized hub for processing and aggregating payments across multiple service providers and payment channels.
Supports a wide range of payment types including bank transfers, credit/debit card payments, e-wallets, and mobile wallets.
Ensures transaction security with encryption, tokenization, and strong authentication protocols to protect sensitive payment data.

2

Seamless Integration with ERP Solutions

Provides out-of-the-box integration with General Ledger, Accounts Receivable, and Accounts Payable modules of customer ERP solutions (e.g., SAP, Oracle Financials, Microsoft Dynamics).
Automates the synchronization of payment transactions directly into ERP systems, reducing manual reconciliation work and improving operational efficiency.
Ensures accurate posting of payments to GL, updating accounts receivable and accounts payable with each transaction processed via OmniCore PayHub.

3

Dynamic Transaction Routing and Settlement

Routes payments through the most cost-effective payment acquirer based on transaction type, volume, and location.
Supports multi-currency settlements and handles complex settlement workflows, ensuring funds are accurately settled to the appropriate accounts, whether from individuals, corporations, or government entities.
Facilitates both outbound payments (e.g., vendor payments, customer refunds) and inbound payments (e.g., customer bill payments, taxes).

4

Automated Reconciliation and Reporting

Automatically matches payment data with corresponding receivables and payables in ERP systems, improving the speed and accuracy of reconciliation processes.
Supports bank-to-ERP reconciliation, where payment records are compared against bank statements and financial accounts to ensure correct posting and balance verification.
Provides detailed transactional reports, settlement summaries, and audit logs to central financial departments, giving real-time visibility into payment flows and financial operations.

5

Settlement Integration with GL, AR, and AP

Automatically posts transaction data from OmniCore PayHub to the General Ledger, ensuring payment-related entries are updated seamlessly and accurately in the bank accounts, revenue, and expense categories.
Tracks incoming payments, posts them to Accounts Receivable to reduce outstanding balances, and links them to invoices for real-time aging reports and improved cash flow management.
Automates the posting of outbound payments to Accounts Payable, ensuring proper documentation and vendor reconciliation. Payments are automatically cleared from accounts payable based on cleared payment records.

6

Fraud Prevention and Risk Management

Incorporates AI-driven fraud detection to identify potential fraudulent transactions before they are processed.
Uses machine learning models to calculate risk scores for each transaction based on historical data, ensuring high-risk transactions are flagged for review.
Ensures compliance with international AML (Anti-Money Laundering), KYC (Know Your Customer), and PCI DSS standards, reducing risk exposure and safeguarding against fraudulent activity.

7

Payment Automation and Fulfillment

Handles the full payment lifecycle including payment initiation, consolidation, fulfillment, and settlement. Supports both single and bulk payment processing for businesses and government departments.
Automates the settlement of payments to vendors, ensuring on-time payments based on agreed terms (e.g., Net 30, Net 60) while maintaining accurate payment records.

8

Comprehensive Audit Trails and Security

Provides a full audit trail for all payment transactions, including real-time monitoring and historical transaction tracking, supporting both internal and external regulatory audits.
Employs multi-factor authentication (MFA), encryption, and tokenization to ensure data integrity and secure access across the platform.

9

Flexible Deployment Options

Supports deployment on cloud platforms like AWS, Azure, and Google Cloud, offering scalability and flexibility.
Can also be deployed on-premise for institutions requiring full control over their infrastructure.
Supports hybrid models, allowing businesses to leverage both on-premise and cloud resources.

10

Multi-Channel Support and Integration

Supports multiple payment channels such as mobile apps, web portals, IVR systems, and kiosks, ensuring a seamless experience across devices and payment methods.
Integrates with external payment processors and gateways, providing a unified interface for payment acceptance and full flexibility.

Benefits of OmniCore PayHub

Streamlined Reconciliation

The automation of the reconciliation process between payments, GL, AR, and AP reduces manual errors, speeds up reconciliation cycles, and ensures accurate financial reporting.

Improved Cash Flow Management

By automating the payment settlement, disbursement, and reconciliation processes, OmniCore PayHub helps organizations maintain better visibility and control over their cash flow.

Cost Optimization

Through dynamic routing and integration with cost-effective payment acquirers, OmniCore PayHub helps organizations save on transaction fees and optimize their payment processing costs.

Regulatory Compliance

Built with compliance-first design, OmniCore PayHub adheres to global financial regulations, ensuring secure and compliant payment transactions.

Seamless ERP Integration

Direct integration with major ERP systems like SAP, Oracle, and Microsoft Dynamics ensures that payment data is automatically posted to GL, AR, and AP, eliminating manual entry and minimizing reconciliation errors.

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