Lancet Laboratories Optimises Payment Processes

Challenges

Lancet Laboratories needed a reliable, scalable solution to manage payment processing between its Microsoft Dynamics ERP system and multiple banking partners.

The key pain points included:

• Complex bank file format conversions for various payment types.
• Manual processes around payment status updates and proof of payment retrieval.
• A need for secure, continuous connectivity with banks.

Solution

Lancet Laboratories partnered with TreasuryONE to implement the TreasuryXpress Treasury Management System.

Key features of the solution:

• Seamless integration with Microsoft Dynamics ERP.
• Automated format conversion of ERP payment files into bank-ready formats, tailored per payment type.
• Direct Host-to-Host connectivity with Nedbank, enabling real-time processing and feedback.
• 24/7/365 connectivity management handled entirely by TreasuryONE.

Results

• Operational efficiency by eliminating manual file handling and payment tracking.
• Secure, reliable bank connectivity with a 99% guaranteed uptime.
• Scalability, laying the foundation for future phases, including cross-border payments and further automation.
• Cost control and predictability, thanks to a clear pricing model with support included. 

Why TreasuryONE?

Lancet Laboratories chose TreasuryONE for its:

• Trusted track record
• Award-winning technology
• Deep local bank expertise
• Client-first approach

Morne Klynsmith, Head of Treasury Technology at TreasuryONE, commented: “Lancet Laboratories had a clear vision—to modernise their payment processes and create a seamless link between their ERP (Microsoft Dynamics) and banking partners. By leveraging TreasuryXpress, we were able to deliver a solution that not only automates their domestic payments but also positions them for scalable, future-ready treasury operations. It’s a great example of how technology and expertise can come together to solve real operational challenges.”