The Future of Cash Management

With cash considered the key indicator of a company’s financial health, its management and visibility is critical. During the pandemic, “cash excellence” proved crucial in enabling continued operations for enterprises still early in their development. As a business matures, cash excellence becomes a key lever for releasing capital to invest in growth.

Historically, treasury platforms have focused on core transaction execution. Treasury managers have had to manually log in to a plethora of banks portals, downloading PDFs and spending an inordinate amount of time on reformatting, consolidating and reporting their global cash positions.

But digital transformation, fueled by remote working over the last few years, has provided new and improved tools to treasury and finance. The advent of cloud services, APIs and connectivity has essentially democratized treasury’s ability to proactively manage cash and liquidity. Treasury now has the ability to work off the same set of data, getting a “single version” of the truth.

What once felt like a science project can now be automated, giving cash managers and treasury a transparent and timely view into their cash, wherever it is and whatever currency it’s in, allowing for faster transaction processing, communication and reconciliation. Data analytics have given a new urgency to dynamic reporting, with the ability to analyze trends and historical cashflows with an eye to predicting the future.

However, not all solutions are built the same. Having an API is great, but what happens when half your banks don’t provide one? (Which is the case for most banks in the world today.) Will you be stuck in the dark age of manually downloading your cash positions? Struggling with different communication channels and file formats? Bogged down with reconciling between your banks and accounting?

Fides solves that problem, providing multibank connectivity tailored to your unique requirements. As a treasury aggregator, Fides consolidates large amounts of data, in different formats and sizes, including SWIFT, EBICS, H2H and API interfaces, into an integrated platform. This helps you unlock the potential in your daily processes, improve transparency and gain access to real-time information, while enhancing security standards. And the importance of that last part cannot be underestimated. Trust and reputation are valuable assets — who you trust your money to, matters.

Connectivity to ERP and TMS systems—You benefit not only from the reach of a multibanking network, but also from end-to-end processing services that enable seamless connectivity to any financial system — from treasury management and finance to enterprise resource planning and other business systems. Accounting also gets the added benefit of earlier closeouts with quicker reconciliation. AP finally gets an automated workflow process with better controls and security.

Global reach—We live in a connected world, and that connectivity ought to be frictionless.  You should be able to connect with banks of any size, worldwide. Our globally unique hybrid model lets us integrate banks via SWIFT, EBICS, other networks or via direct connection such as APIs. This, in combination with our exclusive cross-network dual-BIC service option, closes any gaps in your banks’ SCORE readiness.

Continuity—Disaster recovery capabilities are fully embedded in our comprehensive solution. This means you get all connectivity disaster recovery services from a single source.

Regulatory compliance—Our payment solution helps you comply with local and international regulations such as OFAC screening. Take advantage of extensive and integrated capabilities for compliance management, rule-based audits, and profiling based on payment behavior and analytics.

Want to learn more? Book a demo or contact us for more details.

Fides is the world leader in multibank connectivity, payments and transaction communications. A market leader for more than a century, Fides is committed to the principles of Open Banking, making treasury and financial operations as efficient, transparent and secure as possible for all organizations.

Fides provides everything organizations need for efficient cash and liquidity management, all through a single platform — along with connectivity to more than 13,000 financial institutions through an unmatched range of methods and channels. Thousands of companies around the globe rely on Fides’ connectivity capabilities and comprehensive workflow, reporting, conversion, validation and security services, for their own businesses and for extending services to their clients.

Whether you access via the secure Fides ONEHub or take advantage of our seamless integration with third-party ERP, TMS and other backend systems, Fides is the only platform you need.