ABN Amro has implemented a new global Internet banking system for corporate clients, in an effort to help multinational customers more effectively manage their working capital.
The Dutch bank says customers can use Access Online, to monitor all (national and international) payments, as well as handle all daily banking transactions, such as payments, letters of credit, currency transactions and soon also deposits and cash management.
Available 24 hours a day, worldwide, the new Web-based system replaces the software that clients had to install on their computers. The application can be personalised: settings can be entered for each individual employee, defining which actions they are authorised to perform. And all users can customise their own start-up screens to access the information they need to do their jobs. Security is handled through an e-dentifier and a bank card.
Wietze Reehoorn, board member of ABN Amro Netherlands, comments: "As Access Online provides opportunities to lower costs and to improve margins, it gives companies a major competitive advantage. Especially large international corporations holding positions in different countries and in different currencies will benefit from its speed and ease of use."
ABN Amro expects about 5000 international companies to be using the new enterprise-oriented Internet platform within 18 months.