Parseq is a technology led Business Process Outsource provider. Parseq delivers transactional and managed services in the areas of finance, back office processes and secure data management and have been providing customer services since 1973.

Parseq serves more than 60 individual clients, providing high quality outsourced and on demand finance and document management solutions, processing in excess of 50 million documents per year. More than 100,000 payment transactions are processed daily on behalf of Parseq's clients, with an annual transaction value in the region of £25 billion.

Parseq are the preferred supplier of BACS electronic fund transfers, remittance processing and voucher processing services to a number of high street banks. They handle applications, subscription payments and validation of membership information on behalf of 3 of the 12 largest professional bodies in the UK processing retail & B2B payments for the UK's largest Telco's, Utilities & Energy providers.

Key Facts:

  • Parseq executes payment for approximately 7.5% of the UK workforce
  • Parseq processes in excess of 50 million transactions a year
  • Parseq processes payments with a value in excess of £25 billion per annum
  • Parseq is one of the ten largest accredited payment bureaus in the UK 
  • Parseq processes payments on behalf of over 100,000 Small to Medium sized organisations 
  • Parseq handles over 2 million calls per year on behalf of our contact centre customers 

Best of Breed

The partnership allows Parseq to increase operational efficiencies in a number of service areas, including invoice, remittance and application processing. 

The Cloud Trade solution seamlessly integrates with Parseq's back end processing platforms. 

If you're an organisation that is looking to outsource some or all of your finance or administration functions, contact us to find out out how CloudTrade, in partnership with Parseq, can support your requirements.