Already established as a leading provider of efficient and secure b2b payments solutions, Manchester fintech firm AccessPay is scheduled to launch a ground-breaking new business area.
BankSense is a real-time cash management and analytics tool aimed at treasurers of global corporations.
The innovative product not only gives treasurers one point of access to their entire banking universe - agnostic of global region - but goes further by giving them the ability to view cash positions in real time, by bank, by region, and legal entity.
Treasurers are then able to deploy cash moves across their accounts to optimise the value on their company’s capital.
BankSense will formally launch at EuroFinance in Barcelona this week.
The meeting of minds represents the world's leading international treasury event, with keynote speakers from some of the largest global corporations spanning sectors as diverse as music, automotive, energy, and banking.
AccessPay Product Director, James Higgins said: “We are really excited about the launch of BankSense. For too long treasurers of multinationals have had to deal with poor or limited visibility of their company’s cash, and been bound by time consuming and labour-intensive processes for reporting on cash positions. BankSense displays to treasurers the real-time position of their cash and allows them to view their positions at a universal, group or business unit level.
“The BankSense dashboard also gives treasurers the essential intelligence they need to optimise their cash, providing full visibility of interest earned and saved - enabling treasurers to measure performance and plan future sweeping strategies.”