Expertus upgrades Monetis cash management system

With the corporates growing demand for real-time information and liquidity management capabilities, the financial community clearly identified the need to offer them a simple and effective international cash management tool.

Corporations need to transform liquidities management and therefore re-think treasury functions. Consolidating accounts in a small set of well established institutions now enables a new mode of collaboration between financial institutions and corporates.

Jacques Leblanc, president of Expertus, says: "With Monetis now available through financial institutions, corporate treasurers can improve liquidity and cash management while increasing operational effectiveness and minimizing operational risk."

Only a limited number of financial institutions are currently offering the tracking of liquidity positions, collection of transaction information and management of funds. Monetis Real-Time Cash Management is a comprehensive solution to answer this market's need.

The global liquidity management capabilities bring additional benefits and value to the solution, such as; minimizing lending costs, increasing interests, improving operational effectiveness and STP levels while contributing to Sarbanes-Oxley compliance.

Key functions of Monetis Real-Time Cash Management include:

• Global account consolidation: single consolidated view onto the end-of-day data for the previous evening and real time information on account balances and activities, from accounts owned by different institutions
• Global cash management: Initiate transfers internationally, using a local bank, through a single portal.
• Global reconciliation: Consolidated data can be displayed, sent, or integrated into the business flow. The reconciliation process can therefore be accelerated, relocated or outsourced to the local bank.