Cash Management
Cash is the lifeblood of a corporation and the effective
management of cash has long been recognized as a vital ingredient
to business success.
The ongoing liquidity squeeze emphasizes once more the
importance of credit and funding for corporations; while for banks,
cash management is now perceived as the number one 'anchor' within
the bank- corporate relationship, compared with the situation 10 or
15 years ago.
And although many banks initially resisted any increase in the
cash management services they offered, two factors have made this
area a top priority:
- Firstly, banks are experiencing an unprecedented level of
pressure to find new ways of competing for corporate business
- Secondly, corporate customers are placing increasing demands on
banks to provide greater value and improved customer service
Misys' Cash Management solutions
Technology is a key enabler in this process; Misys leverages
technology to offer two solutions to help banks to address the
challenges of today's market:
- Misys Global
Cash Pooling enables banks to offer their corporate customers
advanced cash pooling services across multiple currencies,
countries, banks and time zones… all at a low cost
- Misys Cash Portal
helps banks to reduce costs, improve customer loyalty and drive
profitability by providing a common front-end infrastructure
through which client transactions can be made
- TopOffice is
a sophisticated financial calculation and aggregation platform. It
is able to absorb key information from across the bank's retail and
trading applications enabling it to aggregate (and if necessary
calculate) across cashflows, settlement instructions, nostro/vostro
accounts to provide the bank with a business wide view of their
cash position. If necessary this can be done in (near) real time
thereby facilitating intra day reconciliation.