Challenges
- Limited visibility into cash and liquidity positions
- Manually compiled large volumes of bank statements which increased risk of missed payments
- Inability to deliver timely financial reports to key stakeholders
Solution
The Banking Hub provides powerful, cost-effective and easy-to-implement treasury management capabilities
Results
- 100% improvement with cash visibility and positioning
- 100% improvement in payment processing and security
- >75% improvement in liquidity management and utilisation
- >75% improvement with payment reconciliation
- >75% improvement in reporting and information sharing
- Reduced missed payment risk and improved security
- Established multi-bank connectivity for automated and secure bank data collection
- Improved controls and audit trails