Serrala unveils first solution under new brand: cloud-based Alevate payments solution

Hamburg, Germany – Serrala, the international provider of solutions for inbound and outbound payments and related finance processes, today announced the launch of Alevate, the first solution unveiled since the company’s rebrand. This new suite of Cloud-based software solutions provides Serrala customers with everything they need to securely and efficiently manage inbound and outbound payments and treasury worldwide, across multiple enterprise systems. The Alevate suite of solutions will be continually expanded to address customer challenges. The first product to be made available will be Alevate Payments.

Alevate Payments is a highly flexible and secure solution that acts as a global payment hub across multiple, disparate enterprise resource planning (ERP) systems. The Cloud-based solution will enable companies to achieve a unified view of all payment transactions globally and perform related cash management and cash pooling activities. Suitable for multinational clients as well as medium-sized businesses, the solution uses intelligent robotic process automation to convert payments into the correct payment format, sign the payments with strong cryptography, and provide a centralized connection between a company and the various banks it uses.

Organizations can use Alevate Payments as a standalone solution to centralize and standardize payments or they can combine it with Serrala’s SAP-integrated FS² solutions to provide greater organizational cash visibility. Whether the solution is deployed in the Cloud or as a Cloud-based managed service, it provides organizations with a highly versatile, multi-tenancy, multi-country, multi-bank, and multi-ERP payment solution.

According to Ingo Czok, SVP Cloud Solutions, Serrala, “Companies today want to be faster and more agile and they want to be up and running in the shortest possible time. Setting up a complex payments operation is much quicker in the Cloud.”

A recent Serrala survey of global financial leaders supports this idea, showing that managing payments is a top priority for decision makers, with 71% of respondents ranking it as a near-term priority. When considered against the realities of tech adoption highlighted by the survey – 98% of respondents identify “increasing automation” as a priority, while only 17% have full cloud deployments – it becomes clear that the need for effective cloud solutions is critical.

“Cloud is the future and we want to help our customers with the best solutions for their specific business needs” says Sven Lindemann, CEO of Serrala. “Payment fraud is increasing globally, and Cloud solutions such as Alevate Payments, along with our managed services offering, provides a clear advantage for our customers: a single source of truth that is easier to control, audit and manage in a global business environment.”

Alevate Payments is the first in this suite of cloud solutions that Serrala will be launching this year. Future cloud-based solutions in the Alevate suite include Alevate Archiving, Alevate Accounts Payable, and Alevate Cash Application.