JERSEY CITY, N.J., March 13, 2014 (GLOBE NEWSWIRE) -- Fundtech, a market leader in global transaction banking solutions, today released a white paper titled "How Banks Can Build Their Corporate Business: Best Practices for Offering Liquidity Management Solutions." The paper provides insight into the type of liquidity management solutions banks should offer their corporate customers, and provides a list of best practices banks should consider when developing their solutions.
In the wake of the credit crunch, corporates are realizing the value of enhanced liquidity management to provide visibility into their cash flow and liquidity across multiple banks and accounts in a number of countries and currencies. Banks are ideally positioned to assist their corporate customers by offering robust liquidity management solutions, and many banks are reaping significant business benefits as a result. Banks that help their corporate customers successfully optimize liquidity gain access to new fee-based income streams, while also being seen by each customer as a proactive and value-creating partner to their business. Best-practice offerings typically centralize cash flow information to provide a consolidated view, offer balance and information reporting to view aggregate balances across banks, provide tools to automate the receivables and payables process (ex. remote deposit capture and e-invoicing), provide real-time, multi-bank liquidity information, and enable visibility across the entire supply chain, among others.
"Banks that fail to offer their corporate customers best-practice liquidity management solutions are putting their most important client relationships at risk," says Gil Gadot, Head of Global Cash Management and co-author of this white paper. "Helping clients optimize the management of their liquidity can result in long-term opportunities for fee income and service revenues."
To download a complimentary copy of this Fundtech white paper, please visit: http://www.fundtech.com/library/white-papers/.
About Fundtech
Fundtech offers a comprehensive line of transaction banking solutions to banks and corporations of all sizes around the world. As a strategic supplier, Fundtech's customers benefit from lower operating costs and an enhanced end-user experience through integrated and feature-rich solutions. The firm's major product lines include: global and regional payments, corporate cash and liquidity management, financial messaging, electronic invoice presentment, supply chain financing, remote deposit capture, merchant services, credit card gateway and mobile banking products. Fundtech offers its software through a traditional software license and a Software-as-a-Service (SaaS) contract. Thousands of financial institutions and companies worldwide rely on Fundtech's innovation to improve operational efficiency, increase revenues, and provide greater competitiveness through business-to-business services. Founded in 1993, Fundtech was acquired in 2011 by GTCR, a Chicago-based private equity firm. For more information please visit www.fundtech.com.