CashFac offers fully developed cash management systems that banks use to create advanced corporate banking services. The CashFac solution, usually white-labelled by the bank, improves the speed and accuracy of cash management within large organisations and provides ready connectivity with the banking world. CashFac is already powering electronic bank account management services for a number of world leading banks and financial services firms.

Banks integrate the CashFac cash management platform as part of their suite of corporate bank products to:

• Secure very high value deposits
• Defend the corporate customer base by offering strategic cash management solutions in connection to the bank
• Bid successfully for new corporate and government business by offering relevant functionality that cuts the customer’s costs, increases the customer’s control of treasury operations and enhances the customer’s competitive positioning

The CashFac platform is already proven to generate stable/sticky and profitable business for banks and:

• Increase deposits by attracting new customers and new business from existing customers
• Increase a bank’s business volumes through new or enhanced functionality, high performance banking software solutions
• Increase a bank’s global provision of service by providing a virtual cash management solution in connection with partner banks
• Retain customers by offering long life licensed unique products and by providing automatic compliance with client money regulations
• Increase ‘share of wallet’ as the bank offers relevant products for other areas in the customer’s business
• Improve customer service as a result of faster operations and end-client service
• Lower operational cost through improved automation that displaces branch activity
• Promote and fulfill social responsibility through CARE ACCOUNT™ services

Using CashFac banking software solutions, a bank can enable its customers to have complete control over large numbers of bank accounts and thousands of virtual bank accounts with no more risk than operating a single bank account.

CashFac’s cash management systems are scalable to millions of virtual bank accounts. The bank is able to simultaneously optimise key banking processes such as interest allocation and remote client statement production.

CashFac’s solutions are future proof. No longer do banks have to allocate considerable resources to build, modify and maintain an in-house system. CashFac has worked with partner banks for 15 years and has 200 man-years’ experience in planning, constructing and deploying CashFac cash management platforms to sit seamlessly alongside existing banking and corporate systems. CashFac maintains a Continuous Enhancement Program, working with partner banks to define the Product Development Road Map and generate new releases  that introduce enhanced treasury management process features, stronger compliance support, and software updates to ensure that the product operates on new, globally-accepted standard computer environments.

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