Managed file transfer ("MFT") refers to a software or a service that manages the secure transfer of data from one computer to another through a network (e.g., the Internet). MFT software is marketed to corporate enterprises as an alternative to using ad-hoc file transfer solutions, such as FTP, HTTP and others.
Typically, MFT offers reporting (e.g., notification of successful file transfers), non-repudiation, auditability, global visibility, automation of file transfer-related activities and processes, end-to-end security, and performance metrics/monitoring. MFT applications are available as both on-premises licensed software packages and software-as-a-service ("SaaS"). MFT solutions are designed for enterprise implementations.
MFT applications are characterized by having all or most of the following features:

Support multiple file transfer protocols including PeSIT, FTP/S, OFTP, SFTP, SCP, AS2, and HTTP/S.
Securely transfer files over public and private networks using encrypted file transfer protocols.
Securely store files using multiple data encryption methods
Automate file transfer processes between trading partners and exchanges including detection and handling of failed file transfers.
Authenticate users against existing user repositories such as LDAP and Active Directory
Integrate to existing applications using documented APIs (application programming interfaces)
Generate detailed reports on user and file transfer activity.