Simplex adds liquidity management to global transaction platform

Source: Simplex

Simplex, the market leading global transaction services provider, today announced the launch of Simplex Liquidity Manager (SLM), a comprehensive corporate cash and liquidity management solution.

SLM is the new premium upgrade to the market-leading 'Alembic' suite, currently used by some of the world's most demanding global corporates. Uniquely integrated on the Simplex Global Transaction Platform, SLM is based on ISO20022 standards and provides a complete global liquidity management solution. Simplex Liquidity Manager is built upon the latest technology standards to provide a rich webbased interface across multiple platforms and device-types, ensuring ease of use and total user flexibility for Treasury teams.

The modular SLM suite delivers powerful cash management services to the corporate treasury. It allows the corporate to replace multiple proprietary and legacy bank systems with a single integrated solution, reducing operating costs and enabling a consolidated view of international multi-bank cash positions within a single window. This clear view is completely customisable, and can for example be aggregated by bank, currency or business unit.

SLM's sophisticated cash pooling and forecasting capabilities deliver further money management tools to the corporate treasury. SLM powerful 'liquid-intelligence' engine can automatically calculate and propose daily cash pooling transfers, enabling the global optimization of working capital.

SLM, developed in partnership with the innovative UK company Any Intermessage Limited, is an advanced upgrade to the cash management tool previously marketed as 'Alembic'.

Philip Walsh, Chief Executive of Simplex, commented: "SLM is fully integrated onto the Simplex Global Transaction Platform and delivers services to corporates far beyond transaction processing. It enables information to be integrated with in-house systems for straight-through processing and automatic reconciliation. The Simplex GTP ensures global compliance and interoperability. Legacy and proprietary data is transformed into SEPA message formats, enabling corporates to benefit from lower transaction costs without the expense of ce of changingthe expense of ce of changing existing Treasury or Enterprise systems."

"The addition of Simplex Liquidity Manager on our Global Transaction Platform further reinforces the industry-leading business solutions offering we provide to Banks, Corporates and the Securities markets globally," said Nicholas Hill, head of Corporate Communications at Simplex.

Ron Clarke, Any Intermessage Limited's Chief Executive said "We are very pleased to be able to offer this premium upgrade to 'Alembic' on the Simplex Global Transaction Platform. With Simplex being the leading white-label solution provider to some of the world's largest transaction banks, we view them as the ideal partners to provide this best-of-breed cash and account management service to a wider global corporate market."

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