Expertus, a SWIFT Service and Solution Partner, today announced the implementation of its solution, Monetis Real-Time Cash Management, at Caisse centrale Desjardins, the financial agent of the Desjardins Group.
Today, a growing number of corporations are looking for real-time information and more powerful liquidity management capabilities. Many rely on their banks to get access to a complete cash management solution. Therefore, Desjardins made the decision to offer an effective international cash management solution to its clients.
Desjardins Group selected Expertus to provide this solution. With its strong expertise in SWIFT and payments, Expertus adapted Monetis Real-Time Cash Management to meet Desjardins' needs.
According to Daniel Leduc, Director, Treasury and International Payments - Product Development of Caisse centrale Desjardins; "Expertus demonstrated a keen understanding of our situation and business context. This project was highly critical, and Expertus stepped up to it."
Under this new business model, Desjardins acts as a single window to the financial world, giving its customers direct access to all its banks worldwide.
Jacques Leblanc, president of Expertus, says: "Monetis is a perfect example of how banks can take advantage of SWIFTNet Solutions while leveraging both the existing MT messages and the new XML standards (which SWIFT refers to as MX). In this commoditized world, banks must be able to offer capabilities that can meet and even exceed current and future client needs."
"We are now entering a new era of global treasury effectiveness. With Monetis, Desjardins now offers corporate treasurers a highly effective solution to improve their liquidity and cash management while increasing operational effectiveness and minimizing operational risk," adds Daniel Leduc.
Real-Time Cash Management key functions are global account consolidation, global cash management and global reconciliation.
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.