
Sakobia Payment & Settlement Manager is a payment processing software from Union Systems Limited that facilitates efficient transaction management. It provides features such as transaction reconciliation, reporting capabilities, and multi-currency support so businesses can effectively manage their financial operations. Designed for organizations requiring reliable payment solutions, Sakobia helps simplify the payment lifecycle from initiation to settlement. It is compliant with industry standards, ensuring secure transaction processing. Key capabilities: transaction tracking detailed reporting multi-currency transactions integration with banking systems user-friendly interface Best for: financial institutions and enterprises that need reliable payment management and settlement solutions.
Sakobia Payment & Settlement Manager is a financial operations platform designed to help organizations streamline, automate, and manage their payment and settlement processes with greater accuracy and control. It centralizes the entire payment lifecycle, from initiation through authorization, clearing, reconciliation, and settlement, so finance teams can reduce manual work, minimize errors, and accelerate processing times. The system supports multiple payment types and formats, enabling businesses to handle diverse transaction flows within a single environment while ensuring compliance with internal policies and external regulations. Built‑in reconciliation tools compare expected and actual transactions, flag discrepancies quickly, and provide clear audit trails that improve transparency and accountability, which can be especially valuable for institutions handling high volumes of daily payments. Sakobia also offers customizable workflows and approval hierarchies so organizations can enforce consistent controls tailored to their operational needs, and reporting features give leaders real‑time insights into cash positions, settlement statuses, and performance metrics.
Acts as an enterprise messaging system that handles payment message workflows for financial institutions.
Helps banks transition from legacy SWIFT MT message formats to the ISO 20022 standard smoothly without changing existing core systems.
Converts payment messages between MT and MX formats to ensure compatibility across global messaging standards.
Produces and validates SWIFT payment messages according to regulatory and compliance requirements.
Enables authorization workflows for payment messages before they are transmitted.
Works as middleware between legacy banking systems and external payment networks, reducing the need for deep system overhaul.
Supports processes like Nostro reconciliation, message matching, and chained business process workflows.
Provides components that help banks meet global messaging and reporting standards.
Centralizes generation, validation, translation, and routing of payment messages.
Assists with balancing accounts and matching transactions across systems.
Enables workflows that link related payment activities together for end‑to‑end processing.
Integrates with banks’ existing systems without requiring those core systems to be replaced.
Allows banks to set rules for validation, authorization, and message transformation.
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Sakobia Payment & Settlement Manager is a payment processing software from Union Systems Limited that facilitates efficient transaction management. It provides features such as transaction reconciliation, reporting capabilities, and multi-currency support so businesses can effectively manage their financial operations. Designed for organizations requiring reliable payment solutions, Sakobia helps simplify the payment lifecycle from initiation to settlement. It is compliant with industry standards, ensuring secure transaction processing. Key capabilities: transaction tracking detailed reporting multi-currency transactions integration with banking systems user-friendly interface Best for: financial institutions and enterprises that need reliable payment management and settlement solutions.
Does Sakobia Payment & Settlement Manager have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
N/A
NGN
Email Address
info@unionsystems.comContact
+2349010330597WiPay is a payment solutions platform from WiPay that provides secure online payment processing for…
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