Driving Efficiency With High-Volume Wires

At our CONNECT 25 customer conference, Q2 announced an enhanced capability that was music to the ears of financial institutions serving large commercial customers—high-volume wires.

With this new capability, businesses on the Q2 Digital Banking Platform can send up to 1,000 wires in in real time and up to 3,000 wires in a batch. Business customers no longer have to divide their payments into smaller batches, which drives efficiency for their accounting departments.

For businesses that need to do manual fixing or approvals, an intuitive new workflow allows uploaded wires to be easily treated as a group or individually.

Also, rather than getting a notification for each wire processed, businesses receive aggregated information and can approve wires in bulk. Of course, businesses still have the capability to approve individual wires as they see fit. But with this new functionality, they have the choice to review and approve up to 3,000  wires—all with the click of a button.

Hear more from Debbie Smart, Q2 senior product marketer, about why sending and approving high-volume wires is a powerful capability for accounting departments.