DIRECT FILE TRANSMISSION
Automate and streamline your liquidity management
SVB Transact Gateway, Silicon Valley Bank’s direct transmission solution, streamlines your back-office operations by integrating directly with your back-office system, accounting software or Enterprise Resource Planning software (ERP).
Transact Gateway supports the automation of payables as you grow and move beyond web- or paper-based payment solutions.
Improve account reporting and reconcilement
- Automate delivery of account balance and transaction data to avoid manual processes and expedite access to vital information
- Receive files in industry standard or custom formats at intervals to accommodate your specific needs
- Gain greater visibility into cash position and receivables throughout the day with frequent intraday file deliveries
- Simplify account reconciliation by receiving end-of-day, weekly or monthly statement files
Key benefits of using direct transmission
Transact Gateway is designed to improve your current back-office operations, while helping you scale your payments processing for future growth.
Operational efficiency and cost savings:
- Eliminate or reduce time-consuming, paper-based processes
- Reduce errors and increase staff productivity through automation
- Provide better visibility and communication with suppliers through real-time information reporting
Better cash positioning and forecasting:
- Accelerate the visibility of account balances and transactions1
- Support automated daily account reconciliation
- Support a variety of industry standard or custom file formats
1 For any deposit account serviced through Silicon Valley Bank's London- or US-based branches, and some deposit accounts held at other financial institutions where those banks report your balances to Silicon Valley Bank through S.W.I.F.T.
Silicon Valley Bank is a member of the FDIC.
In relation to the Financial Services Compensation Scheme, please ensure that you review the important information on depositor preference that affects clients of Silicon Valley Bank in the UK.