Managing corporate treasury department priorities through manual processes is both costly and time consuming. Corporate treasury teams are often left struggling to integrate the cash position, interest rate, payables, receivables and foreign exchange rate data they need.
Corporate treasury management solutions offer a comprehensive corporate-to-bank integration solution that allows companies to offload complex treasury integration requirements and ensure financial transactions flow seamlessly across systems.
Seamlessly conduct transactions across all banks for a single view into cash management.
Seamlessly aggregate complex data for complete visibility into cash management and savings opportunities.
Centralize bank connectivity to eliminate web portal downloads and manual intervention.
Reduce cash conversion cycles, automate cash application and implement electronic invoicing to optimize cash flow.
Simplify fee structures and eliminate redundant services with fewer banking relationships to manage.
Improve flow and streamline payments and collections to contribute to working capital efficiency.
Reduce manual reconciliation and data aggregation to improve audit compliance.
Corporations exchange large volumes of data with banks. With varying file formats, protocols and security standards ranging from NACHA to BACS to SEPA and ISO20022 , exchanging data with banks often means hours of in-house data translation takes hours. Automatically translate messages to meet each bank’s preferences.
Corporate treasurers work with multiple bank partners. Each has unique processes for connectivity, protocol mediation, file transfer, messaging, data transformation and technical infrastructure operation. Reduce complexities with managed services.
OpenText Consulting Services combines end-to-end solution implementation with comprehensive technology services to improve systems.