Global Cash Pooling

The benefits of effective cash management have never been more relevant and, in today's market, corporate treasurers are more global in their outlook and they are demanding their banks provide cash pooling products on an international basis.

Misys Global Cash Pooling is the latest generation of Misys’ award-winning cash management suite. The system delivers all the features banks need to offer advanced cash pooling services to corporations in an extremely cost effective way.

Overview
Technical Specifications
Downloads

Designed to co-exist with other back office systems, the solution consists of a single ‘engine’ to provide the database, calculations and processing for notional pooling and sweeping across multiple countries, currencies, banks and time zones.

A high level of automation and flexibility enables banks to improve operational efficiency and offer innovative pooling products in multiple regulatory jurisdictions. Furthermore, all information related to the cash pool can be delivered to corporate treasurers online.

Ultimately, Misys Global Cash Pooling enables banks to win on customer service. Enhanced customer service helps you attract and retain corporate customers, increase your ‘share of wallet’ of those customers and develop new revenue streams.

The key challenge of cash pooling is obtaining up-to-date information on accounts, irrespective of where they are held. Misys Global Cash Pooling uses standard SWIFT statement messages (MT940, MT941, MT942) to maintain an accurate picture of balances and movements on accounts within the cash pool - either within one bank or across different banks.

The quality of these messages, however, varies considerably from bank to bank. A rules-based approach, based on the sender of the message or individual account, is therefore used to determine how the messages should be processed. In addition, the system automatically resolves any issues relating to SWIFT messages, through extensive validation and repair functions.

The system then automatically calculates what needs to be done – whether it is automated transfers for sweeping, or interest calculations and settlements for notional pooling. SWIFT MT101 and MT103 messages are used to initiate the payments needed to make sweeps. Accuracy is ensured through automatic reconciliation of expected movements against the SWIFT MT94x statements.

And through Misys Cash Portal, or other eBanking platforms, banks can provide online access to all information relating to the cash pool, enabling corporate treasurers to optimise the management of their cash.

Click the links below for the associated downloads:

Misys Global Cash Pooling Factsheet