ANZ Completes Third Project To Improve Cash Oversight and Data Flows

London - 10 July 2012

Australia and New Zealand Banking Group (ANZ) has partnered with Gresham Computing to complete the successful commercialisation of their third major project in the areas of cash flow and information management.

Using Gresham’s Clareti Transaction Control (CTC) operational risk platform, ANZ recently launched ANZ Cashactive Fusion to help organisations managing large volumes of payments and collections to optimise working capital and finance team efficiency. CTC streamlines and automates the capturing and reconciliation of financial information to drive insight-led business decisions.

The bank also partnered with Gresham to deliver ANZ Cashactive Control and ANZ Cashactive Virtual. ANZ Cashactive Control aims to help organisations in accounting, legal, property, government or specialist financial sectors with compliance obligations resulting from managing client monies. ANZ Cashactive Virtual addresses the management of intra-company funds, to assist organisations looking to maximise their liquidity.

ANZ Cashactive Virtual launched in Australia in December 2011, with ANZ Cashactive Fusion and ANZ Cashactive Control introduced this April. Gresham is now supporting ANZ in the rollout of all three platforms across the Asia Pacific region.

By Neil Ainger

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