According to recent research, nearly half of multi-national corporates are dealing with hundreds of bank accounts, and over 10% attempt to manage more than 1,000 bank accounts.
Reaching out to new territories brings additional challenges around payments, increased bank accounts, visibility of true cash positions, and of course the manual effort involved in consolidating all this multi-bank connectivity information for liquidity and cash flow forecasting.
Companies managing a turnover of over EUR 5 billion have an average of eleven core banks to navigate. By leveraging SWIFT service bureau or payment factory for multi-bank connectivity, your factory can benefit from:
Download the industry best practice guide Robust Multi-bank Connectivity to get started on improving your payments and cash management today.
eBookPayments & Cash Management: Unlocking Control and Visibility
According to 91% of corporate treasurers, lack of full visibility is a key challenge for effective global cash management and cash flow forecasting. Overcome the challenges associated with ineffective cash management and obtain treasury payments control and visibility on your cash flow forecasting.
BrochurePayments and Cash Lifecycle Management
Maintaining a fragmented payments infrastructure carries heavy overheads, resulting in increased operating costs, technical complexity and duplication of processes. Learn how our end-to-end payments solution incorporates a full range of cash lifecycle activities.
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