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:

Improved visibility of bank accounts, leading to better liquidity management

A secure and resilient interface to multiple bank relationships

A bank agnostic form of connectivity, delivering greater bank independence and access to multiple payments types

Reduced costs, operational risk and improved compliance

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