Misys Global Cash Pooling
The benefits of effective cash management have never been more
relevant; and, in today's market, corporate treasurers are taking
more of a global outlook and demanding that their banks provide
cash pooling products on an international basis.
Misys Global Cash Pooling represents the latest generation of
Misys' award-winning cash management suite. The system delivers all
the features that banks need to be able to offer advanced cash
pooling services to corporations extremely cost-effectively.
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
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
Ultimately, Misys Global Cash Pooling enables banks to gain
competitive advantage from customer service. Enhanced customer
service helps to attract and retain corporate customers, increasing
the 'share of wallet' of those customers and developing new revenue
The key challenge for 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 and MT942) to maintain an accurate picture of balances and
movements on accounts within the cash pool - either within a single
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;
this may be 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 the automatic reconciliation of
expected movements against the SWIFT MT94x statements.
Through Misys Cash
Portal or another eBanking platform, banks
can give corporate treasurers online access to all information
relating to the cash pool, enabling them to optimize the management
of their cash.