Vallstein, a provider of bank relationship management (BRM) solutions, has launched Generation 5 of its WalletSizing Enterprise Edition. The BRM solution is available as software-as-a-service (SaaS). This innovative solution allows chief financial officers (CFOs) and treasurers to execute their overall bank activities on the basis of comprehensive and consistent transparency, control and compliance, according to the company.
The impact of the global financial crisis and the new Basel III rules means that making the right choice of bank partner(s) and products is now a critical success factor for enterprises. According to the latest PricewaterhouseCoopers’ (PwC) Global Treasury Survey, enterprises now consider BRM to be one of their top three business priorities. Consistent BRM initiatives enable CFOs to manage the relationship and the value their companies are getting from their banks, thus ensuring secure access to funding facilities despite market conditions and minimising risks.
“With Generation 5 of WalletSizing Enterprise Edition we are able to offer enterprises a holistic approach, enabling them to optimise their corporate banking landscape and improve overall visibility,” said Patrick Adams, chief commercial officer (CCO) of Vallstein. “Companies are able to make like-for-like comparisons of bank relationships, thus gaining actionable information that helps them negotiate far more effectively with banks. Used in conjunction with externally stored data, such as benchmarks and scoring systems, companies are able to strategically optimise their bank activities, thus resulting in considerably lower operating expenses, better security and compliance and a significantly improved operating result.”
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