Virtual Banking Technology helps banks adhere to Basel III
Leading banks around the world place Cashfac’s solutions at the heart of their cash management services offered to corporates and public bodies.
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Less than 10% of UK Corporates have Real-Time Visibility of their Cash Flows.
Complex banking relationships and reliance on inadequate multi-bank systems hinder real-time view of operational liquidity.
For the survey – The Cashfac EMEA Operational Cash Index – Cashfac sponsored research firm East & Partners to interview 350 chief financial officers and corporate treasurers to create a unique snapshot on the true state of play for the treasuries of major organisations in Europe, the Middle East and Africa (EMEA). The report highlights issues around clarity on cash positions and the realities of the complexities associated with managing multi-bank systems for large corporate treasuries in the region, and found high levels of frustration with the set-up process, on-boarding and account opening as well as the suitability of solutions to meet the company’s specific industry needs.
Key findings from the report include: