SunGard eProcess Intelligence is to launch a new liquidity management solution, intelliMatch Cash and Collateral Management, at the Swift International banking and Operations Seminar (Sibos) in Geneva next month.
The new solution will enable cash and collateral managers to track and reconcile settlement activity across their accounts intra-day, says the vendor, and verify the accuracy of their forecasted positions to make better funding decisions.
Traditionally, reconciliation is performed manually within the cash or collateral management area of an institution. SunGard says intelliMatch CCM brings automation to this process by leveraging reconciliation technology at every stage of a trade’s lifecycle (deal entry, confirmation, settlements, advices, and statement) in order to publish account balances as settlements are being processed throughout the day.
By taking advantage of real-time information, cash and collateral managers are able to track their true net settled positions intra-day. This allows them to secure coverage for short positions or actively invest long positions while the market is still open, says Suzanne Sisolak, vice president of product management, SunGard eProcess Intelligence.
"Liquidity management is a crucial function within financial organisations in today’s marketplace," she adds. "Providing our clients with tools to automate liquidity management is critical because the accuracy of funding decisions directly affects the institution’s profitability.".
The intelliMatch CCM solution will premier on the SunGard stand at Sibos, which this year will be held at the Palexpo in Geneva, Switzerland, 30 September - 4 October.