Treasury management solutions

Treasury is increasingly a strategic contributor to the business. Corporate treasury departments juggle multiple priorities, including maintaining liquidity, optimizing cash, securing finance, controlling risk and managing bank relationships. Complete, timely and accurate financial data, such as payment instructions, lockbox reports, intraday files, foreign exchange trades and securities confirmations, are essential to monitor and manage an organization’s financial health. However, corporate treasury departments struggle to automate and integrate the cash position, interest rate, payables, receivables and foreign exchange rate data they need, with many still using spreadsheets, bank portals and other manual methods.

OpenText™ Business Network offers a comprehensive Corporate-to-Bank integration solution that enables companies to offload complex treasury integration requirements and ensure the seamless flow of financial transactions.

OpenText Treasury Management solution offers a range of integration options that transform treasury into a strategic function of the business. Solutions help organizations overcome common barriers to digital transformation in treasury, including payments complexity, regional and local bank connectivity and data format integrations from checks to ACH. Transaction automation offers cash visibility, faster settlements, straight through processing and bank reconciliation for cost savings, improved controls and fraud prevention.

Supports multiple integration scenarios, including direct host-to-host integration, SWIFT network integration and a hybrid approach of direct and SWIFT.

Provides the flexibility to exchange information in a bank’s preferred file formats, network protocols and security standards, without in-house data translation. Message format transformation supports NACHA, BACS, SEPA, ISO20022 and more.

Aggregates data from multiple sources and combines transactions into a single file before processing. Data can be augmented with additional information, such as bank identifier codes or international bank account numbers. Inbound messages can be pre-processed to validate against treasury management standards before distribution.

Offers full managed services for bank connectivity, protocol mediation, file transfer, messaging, data transformation and day to day operation of technical infrastructure.

Consolidate banking relationships to aggregate data more easily, quickly and frequently for complete visibility into cash management and savings opportunities.

Eliminate web portal downloads and manual intervention with centralized bank connectivity.

Reduce cash conversion cycles, automate cash application and implement electronic invoicing to optimize cash flow.

Simplify fee structures, eliminate redundant services and reduce complexity with fewer banking relationships to manage.

Improve flow and streamline payments and collections to contribute to working capital efficiency.

Rationalize bank accounts to improve reconciliation, increase control of bank relationships and enable standardized payment initiation processes.

Reduce manual reconciliation and data aggregation to improve audit compliance.

Increase cash visibility to support in-house bank with netting and pooling of cash, decreasing the need for external funding. Global coverage supports banking relationships across all regions. Monitoring and alerting supports management by exception and fraud prevention.