Payment monitoring serves to mitigate risk of transaction failure and provides a systematic and real-time visible insight into the entire payments lifecycle.
Payment monitoring allows to keep track of the Counterparty’s timely payments and estimate prognosis of risk-transaction failures in future.
Monitoring of payments consists in undertaking the following actions:
- management of receivables from the moment of their issuance
- analysis of the factors responsible for overdue receivables
- schedule of repayment installments
- on-going review of the Debtor’s balance