Qvalent, a wholly owned subsidiary of Westpac Banking Corporation, specializes in providing web-based software and support services designed to streamline financial business processes for organizations across the public, private, and not-for-profit sectors. Established in 1997 and based in Newcastle, Australia, Qvalent offers solutions that encompass accounts receivable, accounts payable, superannuation, and payroll event reporting. Their products are fully integrated with banking systems, granting access to major payment channels, including credit cards and direct entry, thereby serving over 50,000 business customers in Australia and New Zealand.
Key Features and Functionality:
- iLink: Provides multiple host-to-host connectivity options, enabling direct connection to banking services.
- PayWay: Offers a simple and secure solution with multiple payment channels, facilitating easy customer payments.
- PaymentsPlus: Delivers a multi-channel online payment solution supporting various payable needs.
- QuickStream: Empowers sophisticated businesses to receive and manage payments through an extensive range of APIs.
- QuickSuper: Manages payments and administration of employee super contributions online, including reporting facilities to government and fund administrators.
- BankRec: An all-in-one solution for bank statement reconciliation, maximizing the ability to reconcile payments via multiple channels.
Primary Value and Solutions Provided:
Qvalent's suite of products addresses the complexities of financial transactions by offering integrated, secure, and scalable solutions that enhance operational efficiency. By automating and streamlining processes such as accounts payable and receivable, superannuation, and payroll reporting, Qvalent reduces manual workload, minimizes errors, and ensures compliance with industry standards. Their commitment to security, evidenced by continuous adherence to the Payment Card Industry Data Security Standard (PCI DSS for over a decade, provides clients with confidence in the protection of sensitive financial data.
