Which payment hub solution is the best for you in 2025?

Which payment hub solution is the best for you in 2025?

Payment process improvement, increased accountability, and control. Demands for treasurers and cash management are increasing, so it is no wonder that more and more businesses are seriously considering centralizing their payments with a payment hub solution.

As Nomentia’s CEO Jukka Sallinen puts it: “Payment hubs can do a lot more than just automate transactions. They centralize processes, making it easier for businesses to manage their cash flows in real time. This is especially important in today’s volatile economic environment, where resilience and flexibility are key.”

As cash management and treasury teams aren’t growing, but the demands on them are high, businesses need to keep up. Which payment hub solution is best for you depends on the complexity of your payment operations, your geographical footprint, and how you wish to balance process improvement, control, and payment security.

Read on to explore further, or jump ahead to the top payment hub solutions as we look at:

2025: Best payment hub solutions for financial resilience? 

In the past few years, the digitalization of cash management, driven by automation, enhanced data analysis, and cost reduction requirements, has increased by leaps and bounds. Technological advancements have risen to meet an increased need for improved liquidity management, technological advancements, mitigate the impact of the COVID-19 pandemic, and answer the growing demand for faster and more secure transactions. More or less, these trends converge to make payment hubs a necessity for most businesses.

 What is a payment hub solution? 

A payment hub is a centralized platform that enables businesses and financial institutions to manage and process multiple types of payments— transactions made by businesses to pay for goods, services, salaries, taxes, and other expenses, both domestically and internationally—through a single system. A payment hub solution aims to streamline payment operations by consolidating various payment railways, ensuring compliance, and enhancing security, while providing real-time processing and analytics about the organization’s payment operations.

Payment hub solution — for who?

Payments are a critical concern for CFOs, CIOs, controllers, purchasing managers, and especially treasurers for the simple reason that inefficient payment processes can cause significant disruptions for supply chains, cash flow, and, ultimately, profitability. The drive to optimize cash and working capital and the growing risks of cybercrime and payment fraud make it essential to centralize and standardize corporate payments.
When implemented, a payment hub is utilized by various professionals within an organization, particularly those involved in finance, treasury, and operations. It must be noted, however, that payment hub utilization is highly dependent on the size of the organization, how its cash and treasury functions are set up, and what roles those functions consist of. Typical payment hub users include:

Payment hubs for finance and treasury

• Treasury manager: Oversees cash flow management, liquidity, and financial risk.
• Payment manager: Manages the execution and processing of payments.
• Treasurer: Responsible for the overall financial health and strategy of the organization.
• Cash manager: Focuses on optimizing cash flow and managing daily cash operations.

Payment hubs for accounts payable and receivable

• Accounts payable manager: Manages outgoing payments to vendors and suppliers.
• Accounts receivable manager: Oversees incoming payments from customers.
• Billing specialist: Handles invoicing and ensures timely payment collection.
• Collections specialist: Manages overdue accounts and works on recovering outstanding payments.

Payment hubs for operations and IT

• Operations manager: Ensures smooth operational workflows, including payment processes.
• IT Manager: Supports the integration and maintenance of the payment hub with other systems.

Payment hubs for compliance and risk management

• Compliance officer: Ensures all payments comply with regulatory requirements.
• Risk manager: Identifies and mitigates financial risks, which include those related to payments.

Payment hubs executive roles

• Chief Financial Officer (CFO): Oversees the financial operations and strategy of the entire organization.
• Controller: Manages accounting operations, which include financial reporting and compliance.

Payment responsibilities

Whether you’re a cash manager, treasurer, payments manager, or in a similar role, ensuring that payments are executed accurately and that financial obligations are met demands a keen eye and meticulous attention to detail. The payment process responsibilities include:

• Reviewing overnight transactions to identify and resolve any failed or flagged payments that require immediate action.
• Reconciling accounts to ensure they are balanced, with any discrepancies quickly identified and addressed.
• Approving payments in accordance with internal policies and regulatory requirements.
• Analyzing the company's cash flow to ensure sufficient funds are available for upcoming payments and to optimize liquidity.
• Coordinating with treasury, accounts payable, and accounts receivable teams to gather payment requests and establish priorities.

Each of these tasks is integral to maintaining smooth financial operations and requires a robust approach to managing and streamlining payment processes. Ultimately, it's all about making payments happen smoothly and efficiently, which isn’t always as easy as one might wish.

How payment hub solutions solve payment process pain points

Making and reconciling payments while keeping track of money movements is more important than almost anything, but without the right tools, the payment process is likely to become a cumbersome and error-prone ordeal.

Let’s consider a typical day without a payment hub solution:

A payments manager begins their day by logging into multiple banking portals to check balances and review transactions. They then manually reconcile accounts across these various portals. Initiating payments involves logging into each bank's online system separately to handle both domestic and international transactions. As they enter payment details and verify recipient information, they must also find a way to ensure compliance with international regulations while tracking payment status, which requires frequent follow-ups with banks to confirm receipt and processing. Often relying only on spreadsheets, they must manually track cash flow by consolidating data from all their bank accounts and financial systems and reconciling accounts by cross-referencing multiple spreadsheets and bank statements.

Managing the necessary documentation for payments, like invoices, SWIFT codes, and compliance forms, is another manual task burdening our cash management professionals. Added to that, they must coordinate with departments like Accounts Payable, Accounts Receivable and Treasury to gather and prioritize payment requests. As the data is spread across multiple systems, extensive back-and-forth between stakeholders should be expected, leaving scarce time for reporting on payment activities, cash flow, and financial data.

After all that, preparing for the next day’s payments requires ensuring all approvals and funds are in place, manually checking exchange rates, and converting currencies as needed—often involving external tools or direct communication with banks. Summarized:

Pain points a payment hub solution solves:

• Centralized access: A payment hub solution eliminates the need to log into multiple banking portals by providing a unified platform for managing all payments and transactions.
• Streamlined payment initiation: A payment hub solution facilitates the initiation of both domestic and international payments through a single interface, reducing manual entry and errors.
• Automated reconciliation: A payment hub solution automatically reconciles accounts and identifies discrepancies which reduces the need for manual cross-referencing.
• Enhanced payment status tracking: A payment hub solution provides real-time tracking of payment statuses, minimizing the need for frequent follow-ups with banks.
• Consolidated cash flow management: A payment hub solution integrates data from various bank accounts and financial systems, simplifying cash flow tracking and liquidity optimization.
• Efficient coordination: A payment hub solution streamlines communication with all departments involved in payment processing, like Accounts Payable and Treasury, which improves the management of payment requests and priorities.
• Integrated payment activity reporting: A payment hub solution generates comprehensive reports on payment activities, cash flow, and financial performance, consolidating data from various sources.
• Automated currency conversion: A payment hub solution handles exchange rate checks and currency conversions within the platform, eliminating the need for external tools or direct bank contact.
• Automated payment file format conversion: A payment hub solution converts payment files into the required formats for different banks automatically, reducing manual effort and the risk of errors.

In general, payment hub solutions tackle a plethora of payment process and cash flow management-related pain points while providing key improvements. Let’s account the:

Key features to look for in a payment hub solution

Payment hub solutions offer several key benefits that significantly enhance the payment process:

• Faster payments: By centralizing payment processes onto a single platform, payment hubs streamline operations, reducing the time required for payment initiation and execution.
• Cost savings: Payment hub solutions lower costs by consolidating multiple payment channels and railways and reducing bank service fees, software expenses, and IT resource requirements. They also help prevent duplicate payments, minimizing the need for costly retrieval processes.
• Automated payments: Payment hubs enable automated and scalable payment processing, which allows for programmed payments that efficiently handle large volumes of transactions.
• Integrated processes: By connecting seamlessly with system infrastructure, payment hub solutions eliminate the need for manual document retrieval and streamline payment operations.
• Enhanced security: Automated data validation and robust payment process controls improve payment security by detecting and preventing payment fraud, making transactions safer.
• Controlled payment workflow: Centralizing payment management with a payment hub solution reduces the risk of errors and unauthorized transactions by overseeing the entire end-to-end payment workflow from request to transmission.
• Accurate data: Payment hubs ensure more accurate payment data through consistent processing and reduced manual intervention.
• Accessible data: Payment hubs make payment data more accessible by centralizing and organizing information, facilitating better visibility and management.
• Compliance: Payment hub solutions help ensure compliance with regulatory requirements by providing consistent and auditable payment processes.
• Global capability: Payment hubs balance central control with local regulatory compliance, enabling effective management of global payment processes without sacrificing oversight.
• Standardized transactions: Payment hub solutions provide standardization, eliminating variability in transaction details and simplifying payment processing.
• Payment security: Payment hubs screen payment details against payment process rules and sanctions list, which ensures payment security.
• Centralized payment processing: Payment hub solutions bring together multiple payment methods into a single platform, simplifying management and oversight. The payment types a payment hub process on the same interface include:
  • Wire transfers: Both domestic and international wire transfers.
  • ACH Payments: Automated Clearing House transactions, commonly used for direct deposits and bill payments.
  • Real-Time Payments: Instant payment systems.
  • SEPA Payments: Single Euro Payments Area transactions for euro-denominated payments within Europe.

Comparing payment hub solutions to banking portals

For many businesses, a banking portal is the first choice when it comes corporate payment management. Let’s compare a payment hub to managing multiple corporate banking portals

What are the best payment hub solution features?

A payment hub solution centralizes and streamlines the management of payment processes for businesses, enabling them to handle payments more efficiently, securely, and in compliance with financial regulations.

1. Essential features of a payment hub solution: Payment process automation

Payment process automation involves automating various payment process-related tasks like data retrieval from source systems, screening, validating, and converting payment files. Automating these payment processes eliminates the risk of human error, reduces processing times, and increases operational efficiency. This is crucial for organizations managing large volumes of transactions, as it ensures that payments are processed swiftly and accurately, enhancing customer satisfaction, and reducing costs.

2. How payment file format transformation enhances your payment hub

Payment file transformation and conversion are critical because different banks and financial institutions require payment files in specific formats. These formats, or bank file formats or payment formats as they are sometimes called, vary widely between banks, types of payment, industry standards, payment systems, and country-specific requirements. A modern payment hub solution should seamlessly reformat payments based on the bank channel, payment type, and receiving location.

The ability to convert payment files into the correct format for each bank ensures smooth processing of transactions and prevents rejections due to format mismatches. This feature is particularly valuable for global companies dealing with multiple banks across different regions, as it enables them to comply with diverse format requirements and reduces the complexity associated with international payments.

3. Why bank connectivity is crucial for your payment hub solution

Bank connectivity refers to the Payment Hub’s ability to integrate and communicate with multiple banks and financial institutions worldwide. Payment hub’s bank connectivity is generally considered to include connections for payments, reconciliation, and reporting through various channels like direct connections, SWIFT, and other, often country-specific banking networks like EBICS for example. A Payment Hub should also support international payment partners and data integration with SWIFT for cross-border payments.

Comprehensive bank connectivity ensures that a payment hub can handle payments to any bank globally without needing separate solutions for each connection. This feature is crucial for businesses that operate internationally, as it simplifies their payment operations, reduces dependency on manual processes, and lowers the cost of maintaining multiple banking relationships. Moreover, payment hub solution’s bank connectivity allows businesses to move money at scale with custom workflows, automate reconciliations, and ensure compliance with Know-your-customer (KYC) and Know-you-business (KYB) checks.

4. Seamless system integration with your payment hub

A Payment Hub solution must integrate seamlessly with various payment systems, including banks, payment processors, accounting systems, ERPs (Enterprise Resource Planning), and data warehouses. This enables real-time data exchange, transaction-level reconciliation, and streamlined month-end closing processes.

Integration with these systems is vital because it allows for seamless data flow between the payment hub and other financial tools used by the business. This reduces manual data entry, enhances data accuracy, and speeds up financial reporting and reconciliation processes. By ensuring compatibility with multiple systems, a payment hub enables businesses to maintain an efficient, connected financial ecosystem that supports real-time decision-making and minimizes operational bottlenecks.

5. Ensuring payment security and fraud prevention with your payment hub solution

Fraud detection and payment security are critical features of a payment hub solution. These features include tools for monitoring transactions, identifying suspicious activity, and implementing security measures to protect sensitive payment data.

As financial transactions become increasingly digital, the risk of fraud also grows. A payment hub with robust fraud detection and security features helps prevent unauthorized transactions, protects against cyber threats, and ensures compliance with industry standards and regulations. This is essential for maintaining trust with customers and partners and avoiding costly penalties or reputational damage.

6. The importance of vendor support for your payment hub solution

Payment hubs are complex systems that need to integrate with multiple internal systems (like ERP and accounting software) and external networks (like banks, payment networks, and regulatory bodies). Vendor support helps businesses manage the technical complexities of integrating these systems, ensuring a smoother and faster deployment. This support is critical for troubleshooting integration issues, customizing the hub to fit the unique needs of the business, and ensuring compatibility with existing infrastructure.

Vendor support gives organizations access to specialized expertise in payments processing. This expertise is crucial for optimizing payment flows, implementing best practices, and addressing security concerns. Vendors often have experience across various industries and can offer valuable insights into maximizing the hub's efficiency and effectiveness.

Payment hubs are mission-critical systems that must operate with high reliability and availability. Vendor support can include monitoring services, proactive maintenance, and rapid response to outages or technical issues. This level of support is essential for minimizing downtime, ensuring continuity of operations, and maintaining the trust of customers and partners.

Every business has unique needs, and payment hub solutions must be customizable to address specific requirements, such as unique payment workflows, formats, or security features. Vendor support is essential for customizing the solution during the initial deployment and making ongoing changes as the business grows or its needs evolve. Vendor support also ensures that the hub can scale effectively, whether that means handling more Transactions or adding new payment types and channels.

"The best thing about Nomentia is the fact that it's secure, cloud-based solution, with extensive connectivity, payments capabilities, flexibility in terms of file formats and interfaces."

Steps to choosing the best payment hub solution for your business

To choose a payment hub solution that aligns with their business needs in 2025, businesses should carefully weigh key features against their specific requirements. Follow these steps to evaluate payment hub solutions:

Step 1: Assess your business needs

1. Identify payment volumes and complexity:

   • Determine the volume of transactions your business handles daily, weekly, or monthly.
   • Consider the complexity of your payments, including the number of currencies, geographies, and payment types (like ACH payments and wire transfers) involved.

2. Understand your payment processes:

   • Evaluate your current payment workflows to identify pain points, like manual processes, payment delays, or errors.
   • Determine if you require support for multiple payment channels, cross-border payments, or specialized payments (like payroll and vendor payments).

3. Consider security and compliance requirements of your payments:

   • Review your organization's regulatory obligations (AML, PSD2, ISO 20022, for example).
   • Identify your security needs, including fraud detection and compliance with global standards.

4. Evaluate your existing payment process infrastructure:

   • Assess your current system landscape, including ERP systems, accounting software, and other financial tools.
   • Identify integration requirements to ensure seamless connectivity with existing internal and external systems.

5. Determine the desired level of payment automation:

   • Define the level of automation you wish to achieve in your payment processes, including automated payment initiation, validation, and reconciliation.
   • Consider the need for scalability to handle fluctuation in payment volumes over time.

Step 2: Weigh key payment hub solution features against business needs

1. Payment process automation:

   • Evaluate the solution’s ability to automate payment processing, including payment initiation, approval workflows, and reconciliation.
   • Determine if the automation features can handle the transaction volume and complexity your business requires.

2. Payment file format conversion:

   • Ensure the solution supports multiple payment file formats and can convert files automatically to the required formats for different banks and payment networks.
   • This feature is crucial for businesses dealing with multiple banks, countries, or payment types.

3. Bank connectivity:

   • Check the level of bank connectivity provided by the payment hub, including support for APIs, SWIFT, and other banking networks.
   • Ensure the solution offers global coverage if your business operates across multiple geographies.

4. System integration:

   • Look for a solution that integrates seamlessly with your existing ERP, accounting, and financial systems.
   • Evaluate the ease of integration, compatibility with existing infrastructure, and the ability to connect to new systems as your business evolves.

5. Fraud detection:

   • Assess the fraud detection capabilities, such as real-time monitoring, automated data validation, and transaction screening against sanctions lists.
   • Ensure the solution provides adequate controls to prevent fraud and unauthorized transactions.

6. Vendor support:

   • Consider the level of support provided by the vendor, including technical assistance, training, and ongoing updates.
   • Vendor support is crucial for addressing integration challenges, staying compliant with regulatory changes, and ensuring the payment hub remains secure and up to date.

Step 3: Evaluate payment hub solution benefits against business objectives

1. Faster payments:

   • Determine if the solution will help you achieve faster payment initiation and execution, reducing delays and improving cash flow.

2. Cost savings:

   • Analyze potential cost savings from reduced bank fees, minimized manual processing, and consolidated payment channels.

3. Enhanced security and compliance:

   • Ensure the solution enhances payment security and supports compliance with relevant regulations, reducing the risk of fraud and penalties.

4. Integrated processes and centralized payment management:

   • Verify that the solution can centralize payment processes, improve data accuracy, and provide a single point of management and oversight.

5. Scalability and global capability:

   • Check if the solution can scale with your business growth and support global payment processes without compromising on control or compliance.

Step 5: Make an informed decision

• Compile all the information and evaluate how well each solution meets your specific business needs.
• Prioritize the features that offer the greatest impact on your payment efficiency, cost savings, security, and compliance.
• Choose a payment hub solution that aligns with your current requirements and can adapt to future changes in your business.

By following these steps, businesses can effectively weigh the key features of payment hub solutions against their needs and choose the most suitable option for them.

Best payment hub features for different business needs

When selecting a payment hub solution, businesses should consider their specific needs based on their size, growth stage, geographical presence, and operational complexity. Let’s break down the most critical payment hub solution features for different types of businesses:

1. Payment hub solutions for growth-oriented companies

Growth-focused companies should prioritize scalability, integration ease, and adaptability in their payment hub solutions. These businesses often experience rapid changes in transaction volume and complexity as they expand. To support such growth, key considerations include:

• Integration capabilities: Ensure the payment hub can seamlessly integrate with existing systems such as accounting software, ERP systems, CRM tools, and other financial applications. Compatibility with APIs, data formats, and secure data exchange protocols is crucial to minimize disruption during integration.
• User-friendliness: Opt for a solution that offers an intuitive user interface and straightforward configuration to reduce the learning curve for staff. The hub should require minimal IT intervention for routine tasks and provide clear guidance for setup, customization, and troubleshooting.
• Scalability: Choose a payment hub designed to handle increasing transaction volumes without performance degradation. Look for features like load balancing, cloud-based deployment options, and modular architecture that can expand as your business grows.
• Flexibility: Select a payment hub solution that is flexible enough to adapt to new payment types, channels, and markets as the company scales. This includes support for different payment methods (digital wallets, instant payments, etc.) and the ability to integrate with new partners or platforms.

2. Payment hubs for companies expanding their geographical footprint

Companies that are expanding internationally or across regions should focus on payment hubs that enhance control over cross-border payments and comply with regional regulations. These companies must handle different currencies, payment types, and regulatory environments efficiently. Key considerations include:

• Regional compliance: The payment hub must ensure compliance with local regulations, including tax laws, anti-money laundering (AML) requirements, and data protection standards. It should support regular updates to meet evolving regulatory requirements and provide audit trails for transparency.
• Multi-currency management: The hub should support transactions in multiple currencies, including automated conversion and real-time exchange rate management. Look for features that handle multi-currency payments efficiently to avoid errors, reduce currency risk, and lower conversion costs.
• Cross-border payment capabilities: Ensure the payment hub provides comprehensive cross-border payment functionality, including support for SWIFT, SEPA, and other international payment networks. The hub should handle different settlement times, payment types, and compliance requirements across regions.
• Scalability to regional growth: The system should be capable of scaling to handle increased transaction volumes and accommodate new regional requirements as the company expands its presence. This includes support for local payment methods, languages, and localized reporting.

3. Payment hub solutions for global enterprises

Global enterprises operate across multiple countries and regions, managing complex payment processes with various currencies, regulatory requirements, and banking relationships. Their payment hub needs are centered around global integration, advanced security, and detailed reporting. Key factors to consider include:

• Comprehensive global integration: The payment hub should seamlessly integrate with multiple banking systems, payment networks, and financial institutions worldwide, ensuring smooth processing of transactions across borders. Look for solutions that support various global standards (such as ISO 20022) and protocols for interoperability with banks, clearing houses, and payment gateways.
• Advanced security features: Robust security is vital for global enterprises to protect against fraud and data breaches. Look for advanced security features like multi-factor authentication, end-to-end encryption, real-time fraud detection, and compliance with international data protection regulations (such as GDPR). The solution should also provide continuous monitoring and automatic updates to address emerging threats.
• Customizable reporting and analytics: The payment hub should offer extensive reporting and analytics capabilities to provide real-time insights into global payment operations. This includes customizable dashboards, detailed reports on transaction history, exception management, and cash flow forecasting. Advanced analytics can help identify trends, optimize payment strategies, and support strategic financial planning.
• Centralized payment management: For global control, the hub should centralize all payment processes onto a single platform, allowing for unified management and oversight. This centralization reduces operational complexity, enhances visibility into global transactions, and ensures consistency in processes and controls across regions.

Comparing top payment hub features for business needs

Building a business case for investing in a payment hub

Building a compelling business case for a payment hub solution requires aligning its benefits with the unique needs and goals of your organization. Identify key considerations, justify the investment, and demonstrate how a payment hub can optimize payment processes, reduce costs, and enhance operational efficiency.

Payment hub business scenario 1: How a payment hub solution benefits a single-market operator

Business overview: A midsize retail company operating solely within one country has been facing challenges with its current payment processes. The finance team is overwhelmed by the manual work involved in handling hundreds of daily transactions, leading to frequent errors and delays. Compliance with local regulations is becoming increasingly complex, and recent fraud incidents have highlighted vulnerabilities in their existing systems.

Payment pain points: The company’s manual payment processes are inefficient and prone to errors, resulting in increased operational costs and delayed payments to suppliers. Compliance with domestic regulations requires significant effort, and the lack of robust security features exposes the company to the risk of fraud. Additionally, managing payment operations manually has placed a heavy burden on the finance team, reducing their capacity to focus on strategic tasks.

Building the business case for a payment hub solution: To address their pain points, the company proposes investing in a payment hub solution. The business case is built around several key components:

• Cost efficiency: The finance team calculates potential cost savings from automating payment processes, which would reduce manual intervention and errors. They highlight that automating payment workflows could decrease transaction processing costs and avoid penalties related to compliance failures.
• Operational efficiency: The business case outlines how a payment hub could streamline payment operations, speed up transaction processing, and significantly reduce the workload for the finance team. This would allow the team to focus more on strategic financial planning and analysis.
• Compliance and security: The company emphasizes the need for enhanced security features to prevent fraud and ensure adherence to domestic regulations. The payment hub’s automated controls would offer a robust framework for compliance, reducing the risk of errors and fraud incidents.
• Vendor support: The proposal stresses the importance of reliable local vendor support, which can provide prompt assistance in resolving any issues, ensuring smooth and uninterrupted payment operations.

"Implementing a payment hub will automate our payment processes, reducing manual intervention and associated errors. This will result in cost savings and faster processing times. Additionally, the enhanced security features will help us comply with local regulations and protect against fraud."

Making the case for a payment hub solution:

• Focus on automating local payment processes to save costs and increase efficiency.
• Emphasize enhanced security and compliance with domestic regulations.
• Highlight the need for strong local vendor support.

Payment hub business case scenario 2: Choosing a payment hub solution for SMEs with multi-country operations

Business overview: A small-to-medium-sized enterprise (SME) operates in three countries and is expanding rapidly. They face challenges managing payments across multiple jurisdictions, currencies, and regulatory environments. The current system is fragmented, with separate solutions for each country, resulting in high operational costs, data discrepancies, and manual errors.

Payment pain points: The SME struggles to efficiently manage payments across different countries and currencies. The lack of a unified solution leads to inconsistent data, delays in payment processing, and high costs associated with multiple payment systems. Integration with existing systems like ERP and accounting platforms is cumbersome, and the company is increasingly burdened by regulatory compliance requirements in each country.

Building the business case for a payment hub solution: To tackle these challenges, the company proposes adopting a payment hub solution. The business case is structured around the following key components:

• Scalability: The payment hub will allow the company to scale its operations seamlessly as it expands into new countries, handling multiple currencies and formats efficiently. The hub will accommodate growth without requiring separate solutions for each new market.
• Integration: The business case highlights how a payment hub can integrate seamlessly with existing systems, such as ERP and accounting platforms, improving data accuracy, and streamlining operations. This would eliminate the need for multiple manual reconciliations and reduce the risk of data errors.
• Cost Savings: The proposal demonstrates that the payment hub would reduce costs by automating cross-border payments and currency conversions and minimizing the need for separate solutions in each country. The centralized system would lower transaction costs and reduce the burden of managing multiple payment providers.
• Vendor Support: The company stresses the importance of responsive and knowledgeable vendor support to help manage the complexities of multi-country operations and quickly resolve issues related to international payments.

"Adopting a Payment Hub will enable us to efficiently manage payments across multiple countries and currencies. Automation and integration with our existing systems will reduce operational costs and improve data accuracy. Proactive vendor support will ensure we can handle any international challenges effectively."

Making the case for a payment hub solution:

• Highlight the need for scalability and seamless integration to manage payments across multiple countries.
• Emphasize cost savings from automation and reduced complexity.
• Focus on the importance of international vendor support to handle cross-border challenges.

Payment hub business case scenario 3: Optimizing global operations with a payment hub solution for large enterprises

Business overview: A large multinational corporation operates across numerous countries, managing high transaction volumes and dealing with multiple currencies, regulatory environments, and banking relationships. The company’s current payment infrastructure is fragmented, leading to inefficiencies, high operational costs, and exposure to security risks.

Payment pain points: The company’s global payment processes are complex, with multiple systems and platforms causing data silos, inconsistencies, and delays. The lack of integration between different financial systems results in manual reconciliations, increasing the risk of errors and fraud. Additionally, compliance with diverse regulatory requirements across countries is time-consuming and challenging, and the current systems are not scalable to handle the anticipated growth in transaction volumes.

Building the business case for a payment hub solution: The company proposes investing in a comprehensive payment hub solution to streamline global payment operations. The business case is built around the following key components:

• Global efficiency: The payment hub will centralize and automate payment processes across numerous countries, reducing complexity, increasing efficiency, and providing a unified view of all transactions. This centralization will simplify management and oversight of global payments.
• Integration capabilities: The proposal emphasizes the need for robust integration with various systems, including ERP, accounting, and data warehouses, to ensure seamless data flow and operational efficiency. By consolidating data into a single platform, the company can eliminate silos and enhance decision-making.
• Cost and risk management: The business case outlines significant cost savings through improved operational efficiency, reduced manual errors, and better management of high transaction volumes. It also highlights enhanced fraud detection and security measures to mitigate risks associated with global payment operations.
• Scalability and flexibility: The company illustrates how the payment hub can scale with its growth and adapt to changing business needs and regulatory environments, ensuring long-term operational agility.
• Vendor support: The proposal stresses the need for comprehensive global vendor support to manage complex and high-volume payment operations effectively, ensuring smooth transitions during expansions and changes.

"A Payment Hub will centralize our global payment processes, improving efficiency and reducing costs associated with managing multiple payment systems. Seamless integration with our ERP and accounting systems will enhance data accuracy and operational efficiency. The advanced security features and global vendor support will protect against fraud and ensure smooth operation as we continue to expand."

Making the case for a payment hub solution:

• Focus on centralizing and automating global payment processes to reduce complexity and increase efficiency.
• Emphasize the importance of robust integration with multiple systems for data consistency.
• Highlight cost savings, enhanced security, scalability, and the need for comprehensive global vendor support.

Final thoughts: Making the case for investing in a payment hub solution

To justify the investment in a payment hub, each business must build a case that aligns the solution's benefits with its specific needs:

• Single-country businesses: Focus on achieving local efficiency, cost savings, enhanced compliance, and securing reliable local support.
• SMEs operating in a few countries: Prioritize scalability, integration with existing systems, cost savings from automation, and strong international support.
• Large enterprises: Emphasize global efficiency, integration capabilities, cost and risk management, scalability, and the necessity of comprehensive vendor support.

Top payment hub solutions for 2025

As businesses increasingly seek efficiency and control in their payment processes, selecting the right payment hub solution becomes crucial. The top payment hub solutions for 2025 centralize and streamline payment processes by integrating multiple channels and networks into a single, efficient platform. These solutions enhance operational efficiency, security, and compliance, making them essential for businesses seeking to optimize their payment operations in a rapidly evolving financial landscape.

Best payment hub solutions listed

1. Nomentia Payments

"Easy to use and implement payment hub solution with great support." Nomentia reviewed at G2

Nomentia Payments stands out as the ideal payment hub solution for businesses of all sizes looking to transition from managing multiple bank accounts to a centralized payment platform. By consolidating all payment processes into a single, integrated solution, Nomentia enables organizations to achieve greater control, security, and accountability over their payments.

"Nomentia was the most obvious choice. Web-based, easy to customize and smooth to implement.” – Bas Meijer, Interim Treasury Manager

Nomentia Payments accelerates the payment process by automating routine tasks, reducing manual intervention, and ensuring faster, more reliable transactions. With Nomentia's standardization capabilities, businesses can streamline their payment workflows, eliminate discrepancies, and maintain compliance with regulatory requirements, all while centralizing data for improved visibility and management.

97% customer support satisfaction

By adopting Nomentia, companies can unlock the full potential of a centralized payment hub to enhance their operational efficiency and safeguard their financial processes. Nomentia's robust features allow businesses to reduce processing time, improve data accuracy, and mitigate risks associated with fragmented payment management. The platform’s user-friendly interface and comprehensive capabilities make it a versatile choice for small businesses seeking growth, mid-sized enterprises expanding internationally, and large corporations managing complex, global payment operations.

By choosing Nomentia, businesses can move away from the complexities of managing multiple bank accounts and embrace a streamlined, automated, and secure approach to their payment processes.

2. Kyriba

Kyriba is a robust solution designed specifically for globally operating mega-corporations, offering advanced tools for managing complex payment processes across multiple regions and currencies. Its comprehensive platform provides deep integration with global banking networks and financial systems, ensuring seamless, secure, and compliant payment operations at scale. Kyriba excels in supporting high-volume transactions, sophisticated treasury functions, and strategic cash management, making it an ideal choice for enterprises with extensive international footprints.

3. Coupa

Coupa is a comprehensive spend management platform that integrates procurement, invoicing, and payment processes into a unified solution. It helps organizations gain greater control over their spend, optimize procurement activities, and streamline payment operations with enhanced visibility, efficiency, and compliance.

4. FIS

FIS Payment Hub is a unified platform that simplifies and manages a wide range of payment types, such as real-time payments, ACH, wire transfers, and card transactions, for financial institutions and businesses. It consolidates payment processing across multiple channels and networks, providing greater visibility, efficiency, and adherence to regulatory standards. The solution is designed to improve the customer experience, lower operational costs, and enhance the speed and security of transactions.

5. Invoiced

Invoiced is a cloud-based platform designed to automate accounts receivable processes for small and mid-sized businesses. It offers customizable features that allow finance and accounting teams to adapt the solution to their specific needs. Invoiced streamlines tasks such as billing, collections, payment processing, and cash application and can function independently or integrate with virtually any ERP or accounting system.

Read more about payment hubs:

• How to choose the right payment hub solution
• Treasury expert's insights: Payment hub implementation
• Payment hubs – re-thinking enterprise payments
• Expert perspectives: Challenges of implementing a payment hub
• Payment hub implementation checklist