Tag Archives: STP
The Aite Group recently surveyed senior treasury and receivables management at 80 top US corporations. About half of the transactions at these firms were processed straight through. As a result, there remains a lot of opportunity to reduce costs and mitigate risk by increasing straight-through-processing (STP) of transactions. In addition, banks can help their corporate clients get better information about their payments and posting. For example, Treasury managers need to know where they can invest excess cash and where their funds are throughout the organizations to borrow internal cash.
At SIBOS 2010 (October 25-29 in Amsterdam), Informatica will discuss how the Informatica SWIFT Integration solution enables your customers to achieve true STP and get better information about their payments. This is especially critical given all the new regulation and industry changes that have been reflected in the latest SWIFT standard. With Informatica’s 2010 SWIFT certified solution, organizations can: (more…)
What Is The Best eBAM Approach For Banks—Provide An eBAM App For Corporates Or Support Any Corporate’s eBAM Requirements?
Banks need to be able to support any corporate’s eBAM requirements. Corporates (who work with multiple banks) would rather not invest in multiple IT projects to support eBAM. In addition, for banks to quickly onboard new corporate customers, it will be necessary to support any corporate’s eBAM requirements. As a result, what becomes critical is the bank’s ability to:
1. Accept and receive documents/forms from the corporate in any format, including word, pdf, or other non-XML formats
2. Support seamless integration to the bank’s back office
3. Provide the corporate with self-designed monitoring of the bank account management process (e.g. providing alerts based on the corporate’s specific rules)
Corporates require flexibility and the banks can provide that flexibility. This will enable the corporates and the banks to ramp up quickly together in electronic bank account management.