Payment Templates

The Payment Templates feature is designed to streamline and simplify the payment creation process by providing pre-filled blueprints for credit transfers. This feature is especially beneficial handling recurring or similar payments, as it reduces the need for manual entry and minimises the risk of errors. By leveraging payment templates, users can execute payments more efficiently, ensuring consistency and accuracy across instructions. Users can find the feature by navigating to Payments > Templates within our dashboard.

Key Benefits

Efficiency and Time-Saving: Payment templates allow users to predefine certain fields such as amount, source, destination, payment scheme, and more. These templates can be reused for similar payments, reducing the time spent on creating new payments from scratch
Error Reduction: By pre-filling key details, payment templates help to minimise the risk of errors associated with manual data entry. This ensures that payments are processed accurately, reducing the likelihood of issues such as incorrect payment amounts or misdirected funds.
Customization and Flexibility: While templates come with predefined fields, they are also flexible, allowing users to modify specific details as needed for each credit transfer. This ensures that templates can be tailored to meet the unique needs of different payment scenarios.

How It Works

Template Creation: Users can create a payment template by defining the key elements of a payment. These elements are saved within the template, ready to be used for future payments. The template will be available across the organisation, given that a user has access to the payment template resource.
Template Application: When initiating a new payment, users can select an existing template, which will automatically populate the payment form with the pre-defined details. Users can then review the information, make any necessary adjustments, and submit the payment.
Template Management: Templates are easily managed within the Atlar platform. Users can edit existing templates, create new ones, or delete outdated templates as needed. This ensures that the templates available are always up-to-date and relevant to the organisations payment processes.

Use Cases

Recurring Payments: For organisations that regularly pay the same vendors or partners, templates eliminate the need to enter the same information repeatedly, making the payment process quicker and more reliable.
Standardized Instructions: Organisations that have set standards for certain types of payments can ensure compliance by using templates that assist in meeting these standards across all payments.
Onboarding New Employees: New employees can quickly get up to speed with the organisation's payment processes by using templates, reducing the learning curve and minimising the risk of errors.