Rather than just focusing on traditional bank relationship management, bank administration goes farther by addressing all aspects of your banking relationships that today are plagued by lack of standards and largely manual processes. This broad, deep functional area includes:

• Bank Structure Management
• Bank Account Maintenance
• Bank and Account Policies, Authorizations and Limits
• Bank Fee Analysis
• Bank Relationship Management

Bank Structure Management

Bank Structure Management allows your organization to maintain an accurate, up-to-date inventory of bank accounts, bank services and bank contacts to help establish and maintain a bank account structure optimized to the organization’s needs:

• Store bank account information – including services, contacts, hierarchy, etc.
• Track the complete bank account inventory
• Flexible reporting on bank account inventory, bank contacts, bank services and bank structure

Bank Account Maintenance

Bank Account Maintenance allows you to maintain existing bank accounts and the bank account inventory, track bank services and generate/track the correspondence necessary to effect such changes:

• Open and close accounts and make administrative changes
• Request/initiate/terminate bank/branch/account services
• Administrative changes to bank account data
• Flexible reporting on bank account inventory and structure

Policies, Authorizations and Limits

Policies, Authorizations and Limits encompasses overall authorization policies and a variety of bank/branch/account specific authorizations as well as processes to maintain signatories and authorizations and generate/track the correspondence necessary to effect such changes:

• Maintain signers, limits and authorizations
• Enforce bank mandates, banking resolutions and operational authorities
• Flexible reporting on services, signers and authorizations
• Real-time payment authorization checks for SAP and non SAP systems

Bank Fee Analysis

Bank Fee Analysis helps perform due diligence on bank fees and fee invoices (where available) by analyzing bank fee charges and generating exceptions, eliminating manual effort and focusing staff time on exceptions rather than on routine administrative tasks.

Bank Relationship Management

Bank Relationship Management is a set of capabilities that allows your organization to evaluate its banking relationships and consider alternatives in order to establish the most effective set of relationships within practical constraints such as approved relationship tiers or lending facility participation. Bank relationship management culminates in a set of reports that provide robust support for a company’s annual relationship meetings to maximize negotiating leverage.

Insight Applied. Value Delivered.™

With Overture5, Bank Administration for SAP, you can organize your relationships to boost productivity and better manage all aspects of your banking relationships.

To find out more about the benefits that adding Overture5 can deliver to your financial operations, call us at 610.891.1800 or send us an email at info@e5solutions.com.

About e5 Solutions Group

e5 Solutions Group (www.e5solutions.com) is the recognized leader in solution design and implementation services for SAP® ERP Financials and Treasury Applications. e5’s services span all areas of Treasury and Financial Shared Service Centers, including Cash Management, Debt and Investment, Intercompany Loans, Market and Credit Risk Management, Foreign Currency Exposure Management, Hedge Management, In-House Banking, Electronic Payments and Electronic Bank Statement Processing. e5 helps companies to maximize their return on financial investments, reduce risk, streamline critical finance operations, optimize cash management, and improve corporate performance.

e5 Solutions Group offers clients an unparalleled depth of knowledge and breadth of project experience that when combined with the speed, flexibility and responsiveness only available in a smaller organization, delivers to clients a partner experience that drives effective, real-world results.

With successful implementations at Fortune 500 companies worldwide, e5 and its Accelerator Plus™ programs help clients maximize their SAP investment by delivering comprehensive treasury and banking solutions across all critical financial functions. e5 is an SAP-certified Services and Software Development partner.

For more information on Overture please fill out the form below: