Next generation integration platform to enhance the ERP or TMS, providing real-time payments control and cash visibility across multiple banks
London and Luxembourg, 9 February, 2016. The B2 Group, provider of financial systems integration solutions, announced today the market release of its advanced Multi-Bank Integratortm automated banking platform for corporate cash and treasury management.
Multi-Bank offers corporate treasurers powerful cash management and cost saving capability by integrating seamlessly with TMS or ERP systems, linking them automatically with the core systems of almost any bank. Fully integrated file processing provides complete STP automation, with a screen-based portal for monitoring real-time outgoing payments and incoming bank statements, as well as real-time alerts (e.g. when a bank doesn’t send a statement on time), up-to-the-minute reporting on different cash positions views (e.g. by bank, account, subsidiary, or territory) and bank services such as cash pooling. A real-time FX capability also enables consolidated reporting by local currency and grouping of account positions by a single reserve currency. Multi-Bank is available to install and run on-site at the corporate’s data centre or as a fully hosted service, and with B2’s ability to connect to numerous banks around the world, new banking relationships can be established quickly and easily.
“B2 always endeavours to deliver new products tailored to specific clients need, and Multi-Bank is no exception. The product utilises our proven banking integration platform, GTS, adapted to the specific needs of the corporate seeking banking independence, automation and control. We sought the advice of independent Corporate Treasury experts and our clients before finalising the product design, a decision vindicated by the significant appetite we have had from early adopter corporate clients and the encouragement and superb cooperation we have received from the participating banks”, comments Phil Boland, CEO, The B2 Group.
“Today's corporate clients require rapid and flexible automated cash and treasury integration with their banks. B2 has recently demonstrated that its Multi-Bank Integrator platform can deliver just that, enabling BNP clients to easily automate payments and statement processing via direct communication between the client's own systems and the BNP Paribas banking system, all without the need for complex IT change.” David Chatelet, Global Channels - Product Advisory, BNP Paribas.
Now that early adopter participating corporates and banks have confirmed Multi-Bank’s effectiveness, B2 has announced plans to showcase the product to the wider market at the forthcoming Association of Corporate Treasurers Conference in London on 10 and 11 February 2016. For more information please contact Anthony Campbell at The B2 Group.
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About The B2 Group
The B2 Group provides payments, investment funds and FX automation software and consultancy solutions for transaction banks, third-party administrators, fund companies and corporates across the globe. The company’s flagship Global Transaction Services (“GTS”) platform underpins a suite of specific functional modules, providing rapid integration, improved STP rates and efficient counterparty integration and client on-boarding. A broad range of complex business processes and financial messages, transactions and report processing capabilities are fully supported using most proprietary and market standards. B2 Group is a trusted provider delivering robust technology to meet today’s business challenges. Established in 2001, the company, based in Luxembourg and London, has partnerships with major industry practitioners and representative offices in certain territories. For further information, please visit www.theb2group.net
Multi-Bank Integrator is a trademark of The B2 Group.
Anthony Campbell, The B2 Group, Telephone: +44 (0)2 030 087 397, Mobile: +44 (0)7 899 842 865, Admin: +44 (0)2 030 087 392, Fax: +44 (0)2 074 648 656, Email: firstname.lastname@example.org