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.
On day one of SIBOS, panellists unanimously agreed that doing nothing to modernise payments was no longer safe bet for transaction banking.
Rising interest rates, excitement around blockchain use cases and cross-border payments were all hot topics at this year's AFP conference in San Deigo.
Today CGI and GTNews have announced the launch of the fifth annual Transaction Banking survey report, which offers which offers critical insight into the corporate-to-bank relationship.
The US dollar and debt yields falling on the North Korea missile test, treasury being a top target for cyber criminals and why treasurers aren't into real-time payments all hit the latest headlines in the world of treasury this week. Don't miss our ten top news stories from around the world.