Ecobank has launched Fundtech’s Global Cashplus cash management system across its network of affiliates covering 30 countries throughout Africa. The bank has ambitious growth objectives for its corporate cash management business, as its client base is increasingly requiring access to cross-border transactions and online payment systems.
Ecobank made the decision to use Fundtech’s Global Cashplus electronic platform, which is being deployed under the name of Ecobank Omni, supporting the growth in transactional volumes of its corporate clients. The bank has implemented the payments, receivables and balance reporting modules of Global Cashplus.
The receivables module enables Ecobank’s customers to optimise their working capital requirements with a single dashboard for managing everything from cash collection to complex direct debit mandates. With a full range of pooling, concentration, sweeping and off-setting configurations and on-demand liquidity transfer capabilities, Global Casplus helps Ecobank’s corporate customers to integrate their cash management across Africa.
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