PaperTrl Secures High-Value Financial File Transfers with Progress Automate MFT
Supported by Progress Automate MFT, PaperTrl does $250+ million in financial transactions per quarter, onboards new bank clients with ease and more.
In financial services, the secure exchange of data is fundamental to trust. Every payment instruction, ACH file and settlement record represents not just information, but real financial value. For PaperTrl, an accounts payable automation platform distributed through financial institutions, supporting the secure, compliant and reliable movement of that data is mission-critical.
Today, more than $250 million in transactions flow through PaperTrl’s platform every quarter. To support that scale—and the regulatory expectations of banking partners—the company modernized its file transfer infrastructure by adopting Progress Automate MFT, Progress’s cloud-native managed file transfer solution.
Meeting the Requirements of Financial Institutions
PaperTrl has used Progress file transfer technology since 2022, initially relying on Progress WS_FTP Professional to support its operations. However, as the company evolved into a bank-centric accounts payable automation provider, its technical and regulatory requirements changed significantly.
Handling ACH instructions and other sensitive financial data requires strict security controls, clear auditability and compliance with standards such as SOC 2 and GLBA. At the same time, PaperTrl needed the flexibility to support varying file formats and bank-specific workflows without relying on extensive custom development.
While WS_FTP Professional provided a foundation, it required significant scripting and manual data transformations to meet banking requirements. This increased operational complexity, created dependencies on DevOps teams and limited visibility for support staff.
PaperTrl needed a modern, scalable solution designed specifically for secure, compliance-ready file automation in financial services environments.
A Cloud-Native, Compliance-Ready Platform
PaperTrl selected Progress Automate MFT to provide a secure, centralized and automated platform for exchanging financial files with its banking partners.
The solution delivered several immediate benefits:
Built-in Security and Compliance-Readiness
Automate MFT provides strong access controls, detailed logging and full audit trails, enabling PaperTrl to support compliance with SOC 2 and GLBA requirements. This gives banks confidence that their data is handled in a controlled, transparent and verifiable way.
Elimination of Custom Scripting
Automate MFT includes file transformation and character conversion capabilities as standard features. This removed the need for custom scripts and manual processes, reducing operational risk and ongoing maintenance costs.
Rapid Deployment and Integration
PaperTrl was able to move data through the platform within an hour and reach full production use within a week. Integration with existing systems was straightforward, allowing the company to simplify its environment rather than add complexity.
Improved Visibility for Operations Teams
Support teams now have direct insight into file transfers and processing status. This enables faster troubleshooting, fewer escalations to engineering and improved service reliability for banking partners and customers.
As Steve Weber, CEO of PaperTrl, explains:
“Automate MFT is bulletproof. It’s not just about cost savings—it gives us the visibility banks expect.”
Supporting High-Value Financial Transactions at Scale
Today, Progress Automate MFT plays a central role in PaperTrl’s operations, securely supporting more than $250 million in financial transactions per quarter. The platform enables the company to onboard new banks more quickly, maintain compliance with regulatory requirements and scale without increasing operational overhead.
PaperTrl has also reduced its reliance on development and DevOps teams for day-to-day file transfer management, allowing technical resources to focus on product innovation rather than infrastructure maintenance.
Looking ahead, PaperTrl plans to fully transition from WS_FTP Professional to Automate MFT by the end of 2026. The company expects to expand usage to thousands of automated workflows, integrate more deeply with its support portal and extend API-driven automation across its banking ecosystem.
By adopting Progress Automate MFT, PaperTrl has established a secure, scalable foundation for financial file exchange—one that meets the expectations of banks today and supports the company’s continued growth in the years ahead.
Rachel Frnka
Rachel Frnka is a Product Marketing Manager at Progress, responsible for the go-to-market strategy for MOVEit. When she's not busy conveying the benefits of managed file transfer to enterprises, you can find her immersed in a good book or enjoying the Texas sunshine.
