Case Study: PaperTrl secures $250 million in quarterly financial transfers with Progress Automate MFT

PaperTrl secures $250 million in quarterly transfers with Progress

PaperTrl, an accounts payable automation platform serving banks, needed a secure and compliant solution for automating high-value ACH file transfers. Their legacy tools required extensive custom scripting and lacked the visibility and controls demanded by financial institutions. To address this, they turned to Progress Software and its Automate MFT product.

Progress Software implemented its cloud-based Automate MFT solution, which provided built-in security, compliance features, and file handling capabilities without custom code. This allowed PaperTrl to quickly integrate the system and begin production use within days. The results were significant: Progress Software's solution now securely facilitates over $250 million in transactions per quarter, drastically reduced development team effort for onboarding new banks, and established a scalable foundation for future growth.