Aleri expands LMS for Target 2 capabilities
12 October 2004 | 904 views | 0
Aleri, a provider of innovative aggregation and analytics software, announced today plans to further expand the functionality of the Aleri Liquidity Management System to accommodate payment flow control, queuing and scheduling, and universal flow adaptors to create the most comprehensive, high performance liquidity management offering available in the industry.
Aleri will build upon the existing Liquidity Management System (LMS), which is designed to allow banks to aggregate payment information across the entire bank. LMS provides projected and actual real-time and timed cash and liquidity positions of the bank, as well as the capability of incorporating historical data for predictive analysis. Most departmental Liquidity Management solutions, typically developed as extensions of gateway systems, offer views of a single currency and limited clearing channels.
By contrast, the Aleri Liquidity Management System aggregates multi-currency payment and liquidity information across virtually unlimited internal and external systems, including all clearing channels and nostro accounts. The Aleri Liquidity Management System provides a single and shared global liquidity management platform to more effectively manage global intraday liquidity and reduce the cash and collateral required to ensure uninterrupted payment flows.
“By reducing the cash and collateral required to cover expected payment flows, banks can save millions and millions of dollars”, says Don DeLoach, president and CEO of Aleri. “Moreover, they can gain a much better control of the various payment flows across the bank, increasing their customer service levels”.
The enhanced functionality of the Aleri Liquidity Management System includes the addition of advanced payment flow control, and queuing and scheduling, allowing banks to automate their payment flows, optimize clearing channels and globally manage available cash and collateral. This will enable banks to leverage the opportunities provided by the European Target 2 initiative, due in 2007.
In addition, Aleri intends to make the payment flow component configurable such that banks can use the Liquidity Management System flow capabilities or plug into existing systems doing flow management. The information from the existing flow management systems would in turn be aggregated into the Liquidity Management System to provide a comprehensive liquidity view for the bank.
The enhanced functionality of Aleri’s Liquidity Management System is expected to be available in August of 2005, in plenty of time to meet the needs of Target 2. According to DeLoach, “Our early feedback with the Aleri Liquidity Management System has been exceptional. We know that there are no similar offerings providing a comprehensive, bank-wide view of liquidity today. These enhancements extend the capabilities of the Aleri Liquidity Management System giving banks the opportunity to leverage cutting edge technology while continuing to work with existing silo-based systems.”