Today, treasury teams want real time information about their cash positions at their fingertips. BNP Paribas’ new liquidity management module does exactly this, providing live on-screen consolidated cash positions from international subsidiaries and other entities in the kind of detail never before possible.
Liquidity Management Marketing Manager
Strategic Cash Manager
New modules in Connexis® Cash centralise information and ease liquidity.
Hard-pressed treasuries know a good thing when they see it. The increasing sophistication of dashboard control for company treasury is reaching breath-taking proportions and it is this kind of real-world innovation, born out of real customer need, that is truly raising the fintech bar. It’s become fashionable to assume that financial innovation is the domain of lean-and-mean start-ups, but sometimes it’s the larger players who have their ear closer to the ground.
BNP Paribas, one of the largest global banks, ranking among the top ten in the world by total assets, doesn’t trade its responsiveness to customers for sheer size. With the rollout of the new Liquidity Management Modules within its successful Connexis® Cash Management e-banking system, the buzz among treasury insiders is growing.
The new modules are seamlessly embedded in the familiar Connexis® interface, with no steep learning curve, fully tuned to treasury needs. And no software installation is necessary.
Already Connexis® gives treasurers multi-bank visibility and control over all accounts worldwide. Cash and treasury transactions are optimised: easy access to crucial information reduces idle cash and allows effective management of funding levels, while daily and intra-day visibility of cash positions and projected flows leads to better short term investment decisions and yield maximisation.
“Our customers tell us every day how easy the system is to implement and use, and this new functionality has just become part of the familiar day-to-day system,” says Laura Milani, Liquidity Management Marketing Manager, BNP Paribas.
This is certainly the case for one of the world’s leading global providers of products and systems within healthcare and life sciences. Getinge, based in Sweden, employs more than 15,500 people in over 40 countries, and recently made the decision to centralise the organisation and bring its diverse brands together under the Getinge name.
“It’s a challenging transitional phase we’re going through, and we’re appreciative of the help we get from our bank,” says Linn Birnbo, Strategic Cash Manager, Getinge.
“As a Nordic company, we’ve been used to different cash-pooling methods, but BNP Paribas has created a structure which works for us right across the world, and all in the same set-up. We have a full overview of all our operations in one place. It makes a big difference, and it’s helping us a lot.”
Live on-screen cash positions
The new Liquidity Management Modules bring much needed transparency to cash concentration and intercompany lending operations.
Through the Cash Concentration Module, treasuries can now access live on-screen consolidated cash positions from international subsidiaries and other entities, and in the kind of detail never before possible.
This centralised reporting provides consolidated as well as detailed views on cash positions across regions. Booked, intra-day and projected transaction flows, as well as cash pooling sweeps are represented in real-time, and here’s the big advantage: the expected daily closing balance is updated and available at any time so that cash investment decisions can be fine-tuned, and any need for short-term financing can be identified.