New Fundtech White Paper Discusses How Banks Can Build Stronger Relationships and Grow Their Corporate Customer Business by Offering Robust Liquidity Management Solutions
Paper suggests best practices for offering corporate liquidity management solutions to increase visibility, control and optimization.
Fundtech, a market leader in global transaction banking solutions, today released a white paper titled “How Banks Can Build Their Corporate Business: Best Practices for Offering Liquidity Management Solutions.” The paper provides insight into the type of liquidity management solutions banks should offer their corporate customers, and provides a list of best practices banks should consider when developing their solutions.
In the wake of the credit crunch corporates are realizing the value of enhanced liquidity management to provide visibility into their cash flow and liquidity across multiple banks and accounts in a number of countries and currencies. Banks are ideally positioned to assist their corporate customers by offering robust liquidity management solutions, and many banks are reaping significant business benefits as a result. Banks that help their corporate customers successfully optimize liquidity gain access to new fee-based income streams, while also being seen by each customer as a proactive and value-creating partner to their business.
Best-practice offerings typically centralize cash flow information to provide a consolidated view, offer balance and information reporting to view aggregate balances across banks, provide tools to automate the receivables and payables process (ex. remote deposit capture and e-invoicing), provide real-time, multi-bank liquidity information, and enable visibility across the entire supply chain, among others.
“Banks that fail to offer their corporate customers best-practice liquidity management solutions are putting their most important client relationships at risk,” says Gil Gadot, Head of Global Cash Management and co-author of this white paper. “Helping clients optimize the management of their liquidity can result in long-term opportunities for fee income and service revenues.”