ProLiquidity Bank - Realtime cash management
ProLiquidity Bank is a new product in the TE payments portfolio, providing a service complementary to TEs corporate cash management tool, ProLiquidity Corporate.
Norwegian,
French,
German,
Spanish,
Swedish,
Danish,
English
Supported Technologies
Software, Web-Based (Browser)
Click on a technology to view similar products within this category.
Pricing
- Unspecified -
dagfinn.loen@tietoenator.com
+47 23 31 90 00
Additional Product Information
Realtime cash reporting creates new challenges
The introduction of realtime cash reporting standards has made liquidity management more complex. Focus is moving away from value dates, towards intraday cash positioning and cash flow management. Manual calculation of cash positions from multiple sources is both time-consuming, and susceptible to error. A system that automatically builds and presents cash positions in single screen, realtime, enables the identification of idle funds or potential funding situations and supports optimization of investment returns. The treasurer is provided with a complete picture of cash exposure in multiple currencies, which improves risk management. Early identification of exception situations reduces cost of repair.
The solution - ProLiquidity Bank
ProLiquidity Bank is a new product in the TE payments portfolio, providing a service complementary to TEs corporate cash management tool, ProLiquidity Corporate. The purpose of ProLiquidity Bank is to provide a complete picture of cash positions in a single system, by building positions realtime from multiple sources. Advanced reconciliation engines match information from internal and external sources, and the information is presented to the user in a flexible, user-managed range of views. Comprehensive drill-down functionality and one-click pop-ups allow for quick and easy access to detailed information and system options. Warnings and alarms alert the user of approaching deadlines and exception situations. The system provides realtime intraday cash information, transaction details as well as forecasts of future positions.
The core of the solution is calculation of balance positions realtime, using information from in-house and external sources. This is supported and enhanced by a number of integrated and future modules providing extra functionality.
Powerful matching engine - matches data from internal and external feeds, and presents the data in a flexible, user-.managed way
Manual balance update known transactions not yet processed can be added manually
Sweeping and topping options for wholly or partially automatic generation of transactions, based on pre-defined parameters. Manual initiation of transactions, not bound by pre-existing agreements, though governed by authorisation levels
Realtime position reporting facilities to receive or pull XML and SWIFT Fin data, requests for information; interfaces to external feeds such as mechanisms, C & W hub
Forecasting - balance information is assimilated and presented as up to date intraday cash positions, and forecasted positions for as far ahead as the system contains data
Scheduling - managed release of transactions according to available funding lines in channel
Reservations - earmark available funds
Request for Liquidity requests by external applications for indication of available funds in channel/nostro account.
Collateral daily calculation of collateral maintained with central banks and other depositaries.
User-friendly web clients with drag and drop facilities
TietoEnator has proven record in this field
Building balances, presentation of nostro positions and liquidity forecasts and the nostro sweeping tools are elements in this solution where TietoEnator already has long experience and solutions in production in a range of banks. In addition, TietoEnator has a powerful matching engine to ensure that the balance information and cash positions presented maintain the highest standards of quality and accuracy. The combination of processing information from internal and external sources realtime, liquidity forecasts and flexible tools to manage balances, provides the treasurer with a comprehensive and reliable cash management tool.
Benefits
Managing realtime cash reporting with ProLiquidity Bank has substantial benefits for the user bank:
Single system cash reporting for all currencies improves control of cash flows, improves investment potential by identifying surplus positions and maximizing returns on investments, and reduces the need for (and therefore the cost of) funding
Improve risk profile by giving bank a clearer picture of their true exposure across currencies, countries and accounts
Supports compliance with Basel II operational risk requirements
Early identification of exceptions reduces the cost of repair
More information
Dagfinn Loen, Marketing Director, tel. +47 908 55 559 Jane Strøm-Pedersen, Sales Director, tel. +47 911 31 224.