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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Cashfac Accounts Receivable Management fully automates the management and control of payments and receipts providing real time visibility across the entire lifecycle of a payment.
From payment collection through reconciliation to receipt allocation and matching every step is automated. It provides a secure, transparent and auditable process that allows firms to reduce their reliance on manual processes and ultimately saves them time and money as well as reducing risk.
Cashfac accelerates integration with both bank systems and client side systems with pre-packaged Bank Drivers for many of the leading banks and Cashfac’s FileMapper technology, an easy to use, intuitive ETL tool, which reduces the integration burden with new banks or client side systems.
The allocation and matching of receipts is a pain-point for many businesses particularly those involved in the collection of high volume payments and with highly complex counterparty or client account infrastructures. Traditionally, technology for payments, reconciliations and receipts is siloed, however Cashfac Accounts Receivable Management brings an integrated approach automating the entire payment process, end-to-end, providing visibility into every transaction from start to finish.
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