Having strong bank relationships can drive efficiency in treasury operations (Cash forecasting, liquidity management, reconciliation etc..)and a partnership approach can enable banks to offer white-labled fintech solutions more rapidly providing real-time monitoring of treasury positions, payments automation, multibank connectivity, preventing payments fraud and ERP payment validations etc.. with negotiable prices.
Banks can help treasurers in their digital transformation efforts and can capitalize on insights. Moreover, treasurers can obtain better loans at low interest rates and can leverage low fees. But in order to achieve this all the treasurer must align their priorities with the bank to improve their bank relationships and connectivity.
In episode 4, Danecia Stewart and Valerio Trinchi will address how to build a positive relationship with banks and to get best out of it and will delve into the best connectivity options and what advantages it will provide.
The HighRadius™ Treasury Management Applications consist of AI-powered Cash Forecasting Cloud and Cash Management Cloud designed to support treasury teams from companies of all sizes and industries. Delivered as SaaS, our solutions seamlessly integrate with multiple systems including ERPs, TMS, accounting systems, and banks using sFTP or API. They help treasuries around the world achieve end-to-end automation in their forecasting and cash management processes to deliver accurate and insightful results with lesser manual effort.