In an increasingly regulated environment, where there is intense competition for high quality customers, and operating in an increasingly regulated environment, large financial services companies are focused on attracting and retaining customers, and improving operational control and lower cost of delivery.

New cash management systems and techniques enable better customer service and a more comprehensive offering.

CashFac has fully developed virtual banking solutions for complex cash management, including virtual bank accounts. CashFac is already powering electronic cash management based services for a number of world leading financial institutions. Based on straight-through processing (STP), CashFac virtual banking solutions speed cash management operations and deliver operational efficiency.

CashFac cash management systems provide a more comprehensive offering and deliver better customer service. It enables the treasurer to move diverse operations into a low cost, cash efficient, risk-reduced business treasury management system through a number of functions, including:

• Seamless connections between customer systems and complex cash flow management processes
• Real-time operations in managing and reconciling collections
• Workflow support for wide area processes
• Central sponsorship of a cash management solution that applies consistent controls
• Automatic balance management over large numbers of accounts
• Seamless replacement of bank accounts with virtual bank accounts
• Exception reporting and service level monitoring
• Transparency and real-time audit trail
• Scalability to millions of accounts and transactions

CashFac has been providing these platforms in partnership with financial services organisations for over 15 years and has over 200 man-years’ experience in planning and deploying the technology to sit seamlessly alongside existing financial and corporate systems.

CashFac’s flexible cash management systems are already proven to:

• Enable new cash management products and services that are designed by the customer and differentiated from other products
• Improve client service and client retention and by faster cash allocation and cash accounts for convenient 24 x 7 direct funding by the client. The client’s virtual bank account acts as a money repository to ease collection and cash accounting for the client, give precision in real-time checking and ring-fencing of available funds, ease real-time accounting in market settlement and retention of proceeds from disinvestment
• Significantly improve a financial institutions’ own corporate treasury management by providing a single view of its money globally and in real-time to support the intelligent use of funds
• Lower operational costs and eliminate errors
• Eliminate risks in compliance with client money and controlled regulations.
• Improve transparency and real-time service monitoring for SLA compliance
• Provide Interconnectivity between the bank and the business processes together with real-time allocation and reconciliation operations provide better risk management and accuracy
• Meet compliance requirements across multiple countries, jurisdictions and currencies

CashFac cash management software is future proof. No longer do firms have to allocate considerable resources to build, modify and maintain an in-house system.

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