S1 Enterprise, has made available a new release of S1 Corporate Banking that encompasses an array of user customizable and international online cash management capabilities including: a new Interactive Information Reporting solution that offers user-defined data manipulation so banks can provide their large corporate customers the ability to tailor the user experience to their individual needs, and a Service Oriented Architecture (SOA) based Global Payments Framework that will enable banks to more easily implement new high and low value payment types worldwide.
Interactive Information Reporting allows users to customize the appearance of their prior day and current day report information, execute advanced data aggregation and complex calculations, and perform advanced sorting and filtering of account information. In addition, a new Business Dashboard leverages the latest in Web 2.0 technologies to provide "drag and drop" widgets for immediate access to the most relevant data and functions. Users have access to account balance metrics, reporting and transaction capabilities, items needing immediate attention, and shortcuts to transaction initiation functions. Users can enjoy a unique online experience as their customizations to Interactive Information Reporting and Business Dashboard can be saved.
The Global Payments Framework allows S1 Enterprise and its customers to easily add new country specific payment methods. Based on SOA principles, the Global Payments Framework supports open standards based web services, enabling maximum flexibility and ensuring technology alignment with current and emerging standards. Additionally, AJAX and context sensitive Java-Help were implemented to leverage an enhanced user experience. Other key features of the new S1 Corporate Banking solution include asynchronous export, integration of SWIFT-reported data, eReport usability upgrades, and IAT payments.
Finally, extensive modifications were incorporated to facilitate multi-locale, multilingual installations.
"With this release, we have taken significant steps to execute on our SOA strategy. Additionally, our Interactive Information Reporting and Business Dashboard capabilities leverage the newest technologies to provide innovative solutions for banks who want to provide a user-centric customer experience," says Fred Dumas, General Manager, S1 Treasury Online Group. "Leading institutions such as Comerica Bank and Zions Bancorporation will be the first banks to leverage the new S1 Corporate Banking application."
Showing posts with label cash management. Show all posts
Showing posts with label cash management. Show all posts
Monday, 20 October 2008
Monday, 15 September 2008
Misys Global Cash Pooling Released
Misys plc (FTSE: MSY.L), has launched Misys Global Cash Pooling. The new solution enables banks to offer sophisticated cash pooling services to corporate and institutional customers, across multiple currencies, borders, banks and time zones, at a low cost.
In today's economic environment, cash management represents a highly attractive business for banks, featuring low capital usage, earnings stability and return on equity. To compete in this area, however, banks are under pressure to offer more services that add value. In particular, corporate treasurers are demanding that their banks provide cash pooling products on an international basis (JP Morgan Global Cash Management Survey 2007(1)).
For banks, however, cross-border cash pooling is highly complex, difficult to implement and costly. Misys Global Cash Pooling, the latest generation of Misys' award-winning cash management suite, resolves these issues by automating notional pooling, sweeping and consolidated balance reporting across multiple countries and currencies. Designed to co-exist with other back-office systems, the solution delivers the flexibility banks need to both define innovative pooling products and operate in multiple regulatory jurisdictions, whilst minimising operational costs.
As Simon Lord, Product Marketing Manager at Misys, comments: "As more and more corporations consolidate their treasury operations and reduce the number of banking relationships, banks are looking for new ways to compete for business, particularly against the largest global banks. Banks are also targeting the increasingly sophisticated mid-sized corporations and SMEs - hence the demand for intelligent technology solutions like Misys Global Cash Pooling."
Misys Global Cash Pooling uses a rules-based approach for processing standard SWIFT format statement messages, applied to a hierarchy of shadow accounts, to construct a full picture of balances and movements between accounts in the cash pool - either within one bank or across different banks.
The system automatically handles complex sweeping and notional pooling arrangements such as global sweeping (from East to West or from West to East), back valued sweeps, cross-currency and cross-border margin netting, and the administration of inter-company debt. Support is provided for a variety of regulations including the treatment of withholding tax and charging options to cater for VAT in multiple jurisdictions. Simon Lord continues: "Misys Global Cash Pooling helps banks to improve customer service in a cost-effective way - so they can better attract and retain corporate customers and increase 'share of wallet' of those customers. Indeed, the research(2) we carried out suggests banks are seeing an average 14.4% increase in business from existing customers as a result of offering these services."
Furthermore, with Misys Global Cash Pooling, banks can provide corporations with online access to all information relating to the cash pool, either via Misys Cash Portal or the bank's own eBanking platform.
In today's economic environment, cash management represents a highly attractive business for banks, featuring low capital usage, earnings stability and return on equity. To compete in this area, however, banks are under pressure to offer more services that add value. In particular, corporate treasurers are demanding that their banks provide cash pooling products on an international basis (JP Morgan Global Cash Management Survey 2007(1)).
For banks, however, cross-border cash pooling is highly complex, difficult to implement and costly. Misys Global Cash Pooling, the latest generation of Misys' award-winning cash management suite, resolves these issues by automating notional pooling, sweeping and consolidated balance reporting across multiple countries and currencies. Designed to co-exist with other back-office systems, the solution delivers the flexibility banks need to both define innovative pooling products and operate in multiple regulatory jurisdictions, whilst minimising operational costs.
As Simon Lord, Product Marketing Manager at Misys, comments: "As more and more corporations consolidate their treasury operations and reduce the number of banking relationships, banks are looking for new ways to compete for business, particularly against the largest global banks. Banks are also targeting the increasingly sophisticated mid-sized corporations and SMEs - hence the demand for intelligent technology solutions like Misys Global Cash Pooling."
Misys Global Cash Pooling uses a rules-based approach for processing standard SWIFT format statement messages, applied to a hierarchy of shadow accounts, to construct a full picture of balances and movements between accounts in the cash pool - either within one bank or across different banks.
The system automatically handles complex sweeping and notional pooling arrangements such as global sweeping (from East to West or from West to East), back valued sweeps, cross-currency and cross-border margin netting, and the administration of inter-company debt. Support is provided for a variety of regulations including the treatment of withholding tax and charging options to cater for VAT in multiple jurisdictions. Simon Lord continues: "Misys Global Cash Pooling helps banks to improve customer service in a cost-effective way - so they can better attract and retain corporate customers and increase 'share of wallet' of those customers. Indeed, the research(2) we carried out suggests banks are seeing an average 14.4% increase in business from existing customers as a result of offering these services."
Furthermore, with Misys Global Cash Pooling, banks can provide corporations with online access to all information relating to the cash pool, either via Misys Cash Portal or the bank's own eBanking platform.
Wednesday, 3 September 2008
TwoFour Live with New Clien
TwoFour, announced the world’s leading global broker of exchange-listed futures and options, is live with TwoFour. The client licensed TwoFour for its London Treasury business and complete front to back processing across asset classes including foreign exchange, money market, cash management, exchange traded futures and options, OTC options, fixed income and interest rate swaps. Individuals from both firms worked collectively to enhance TwoFour’s product coverage to include interest rate swaps, fixed income, and internal arbitrage, and ended up with an outstanding product that meets the broker’s business requirements while providing the flexibility and scalability they require. The enhancement project leveraged TwoFour’s architecture and Software Development Life Cycle methodology with integrated automated testing and validates TwoFour’s ability to quickly and efficiently help organizations migrate onto their solution.
TwoFour provides a distinct advantage over their previous supplier by leveraging current technology that is designed to evolve as technologies evolve. TwoFour’s flexibility made it easy to quickly configure the application to meet the broker’s specific business needs. Once their required development was complete, the new solution was implemented in just a few months. Activities from the broker’s many businesses are fed into TwoFour in real-time allowing the broker to effectively manage its business as well as its clients’ business. TwoFour provides the broker’s front office with enhanced real-time position and profit and loss information for currency and interest rate exposures to facilitate better decisions in today’s fast moving markets. TwoFour’s integrated workflow and interface tools streamline the back office processing.
TwoFour provides a distinct advantage over their previous supplier by leveraging current technology that is designed to evolve as technologies evolve. TwoFour’s flexibility made it easy to quickly configure the application to meet the broker’s specific business needs. Once their required development was complete, the new solution was implemented in just a few months. Activities from the broker’s many businesses are fed into TwoFour in real-time allowing the broker to effectively manage its business as well as its clients’ business. TwoFour provides the broker’s front office with enhanced real-time position and profit and loss information for currency and interest rate exposures to facilitate better decisions in today’s fast moving markets. TwoFour’s integrated workflow and interface tools streamline the back office processing.
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