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.