Payment Orchestration? What is this?

Hi Neeraj, how are you ? Caio from Yuno (Payment Orchestration Software) here. Payment orchestration is the process of coordinating and automating the flow of payments between different payment systems and service providers. By streamlining and automating these processes, payment orchestration can help reduce costs by eliminating the need for manual intervention and minimizing errors. Here are a few specific ways that payment orchestration can help reduce costs: 1 Automating payment processes: Payment orchestration can automate the flow of payments between different systems and service providers, reducing the need for manual intervention and improving efficiency. This can help reduce the labor costs associated with managing payments. 2 Minimizing errors: Payment orchestration can help reduce the risk of errors in the payment process, such as incorrect payment amounts or misdirected payments. This can help reduce the cost of rectifying mistakes and improving customer satisfaction. 3 Reducing fees: Payment orchestration can help businesses negotiate lower fees with payment service providers by consolidating their payment volume and leveraging their bargaining power. 4 Improving cash flow: Payment orchestration can help businesses get paid faster by streamlining the payment process and enabling real-time tracking of payment status. This can help improve cash flow and reduce the cost of financing outstanding invoices. 5 Enhancing security: Payment orchestration can also help reduce the risk of fraud and other security threats by implementing advanced security measures and monitoring payment activity in real-time. This can help reduce the cost of responding to security breaches and protecting customer data. Regarding if why you should use, If you are a small business with a low volume of payments, you may not need a payment orchestration platform. However, if you are a large business or you process a high volume of payments, a payment orchestration platform can be a valuable tool. An orchestration platform can help you to reduce your payment processing costs by negotiating better rates with payment processors, saving time in setups, and mainentence of integrations It can also help you to avoid fraud and chargebacks, which can be costly. Let me know if its clear or you have more questions! glad to answer them!