Bank Management Suite5TM helps you automate routine bank administration, provides information and analysis to support decisions and helps establish routine processes to address the issues that plague most companies.
The impact of the global financial crisis has highlighted the critical importance of your bank partners and the value you get from better managing these relationships in the form of access to funding and your ability to mitigate risk despite market conditions.
Unfortunately, the main facets of bank administration – optimizing a bank structure, tracking authorized signers, reviewing bank fees charged and strategically managing bank relationships – tend to be the least automated in Finance, saddling most companies with redundant, error-prone manual processes, inaccurate inventories and authorization profiles, additional cost, increased exposure to fraud and sub-optimal bank relationships.
These problems have historically been magnified for companies running SAP who have had to deal with poorly integrated bolt-on solutions or non-integrated boutique offerings. Until now.
This SAP Add-On software offering provides you with a more comprehensive – and effective – toolset that will help you:
- Establish and maintain an accurate inventory of banks, branches, bank accounts, signers, authorizations and limits
- Manage bank fees by exception, rather than having to scour each entry on each invoice
- Maximize the value of your companies bank relationships