Corporate Online enhancement – 26 February 2018
Effective from Monday 26 February 2018, the following improvements to Corporate Online have been made:
We have improved the communication to administrators when a request has been rejected by Westpac. A message will be issued to Administrators advising what further action may be required.
For easier identification of how a beneficiary was paid, the payment method used for each payment will now be displayed on screens.
To ensure compliance with overseas banking regulations, international payments to India, United Arab Emirates, Malaysia, Sri Lanka, Nepal and South Africa now require a ‘Reason for payment’ to be included
For quicker reconciliation, payments using Westpac New Zealand Trade Finance now require an account to be nominated and used for processing the payment.
We have improved the reconciliation of transactions within the SAP Multicash export file by providing the correct value date along with the posting date for each transaction
Please refer to the Corporate Help Desk contact details and hours of availability for further details