Treasury software and services provider Bellin is teaming up with Vallstein, the WalletSizing service provider, to offer bank fee analysis.
“Bank fee analysis is a game changer for many corporate treasuries” said Michael Juen, Bellin’s executive director of sales and consulting. “Many banks still provide bank service bills on paper and/or provide proprietary service codes to list services and fees.
“This makes it nearly impossible for corporate treasurers to produce metrics on global bank relationships. As such, this is a field often neglected by the corporate treasury.”
Bellin added that the standardisation of bank fee statements and service codes that has resulted from electronic banking, coupled with the straight-through processing (STP) provided by its tm5 treasury management system (TMS) and the automation of processes offered by Vallstein and tm5 enables corporates to apply the same visibility that they have over cash flow to bank fee structures.
As a result, treasury can track services and transactions, forecast bank fees, create scenarios with ‘what if?’ analysis and execute bank relationship management strategies.
There are various ways for financial institutions to benefit from advanced technologies and business models provided by FinTech's. Whether a business' approach is radical or incremental, data management can help a company to increase their return on investment, argues André Casterman, INTIX.
Tim de Knegt, strategic finance and treasury manager for the Port of Rotterdam, discusses how he is using blockchain, the challenges he will face in his role of treasury over the next 12 months and the advice he would give to someone starting out their career in treasury.
Due to the low interest rate environment and Basel III regulation many corporate treasurers, who may have in the past been very reliant on the banking sector to provide them with cash management solutions, have been forced to explore alternative options as banks have been refusing short dated cash deposits.
As the May 25 deadline for Europe’s General Data Protection Regulation (GDPR) inches closer, many treasurers are being lumped with the task of ensuring their wider company is compliant.