Payments can be initiated through ERP integration, file upload, or manual entry within Cobase. Once submitted, payments are automatically validated, formatted, and routed to the correct bank using the available channel (SWIFT, EBICS, API, or SFTP). This enables secure, streamlined processing of all payment types—SEPA, domestic, international, or payroll—from one central platform.
Real-time visibility into payment statuses across all connected banks. Users can monitor progress—from initiation and approval to processing and confirmation—with clear status updates and error messages where applicable. This eliminates the need to check multiple bank portals, speeds up resolution of issues, and enhances transparency across the entire payment lifecycle.
Define flexible approval workflows based on roles, thresholds, entities, or payment types. Approvals can be managed centrally or per business unit, supporting both centralized and decentralized models. All actions are enforced in real time, with full visibility and control. This ensures segregation of duties, audit readiness, and adherence to internal policies—without relying on email chains or external systems.
All outgoing payments are automatically screened against global and local sanction lists, as well as fraud risk indicators, before being sent to the bank. Cobase integrates this step directly into the payment flow, reducing risk and ensuring that flagged transactions can be paused and reviewed. This helps organizations meet compliance obligations and adds an extra layer of security without needing third-party tools.
Every step of the payment process is logged in Cobase—from file upload and validation to approvals, modifications, and bank transmission. The audit trail includes timestamps, user IDs, and action types, providing complete traceability for internal reviews and external audits. Logs can be filtered, reviewed, and exported at any time, supporting regulatory compliance and internal governance.
