For years, international financial institutions and corporations have resigned themselves to the limitations of traditional treasury-management processes. Although business dynamics change continuously, companies have suffered with next-day turnaround and manual handling of many financial inquiries, preventing the realization of efficient, real-time liquidity management. The results, predictably, have been suboptimal account balances and reactive, rather than proactive, exception management.

With the launch of Pegasystems' SWIFTNet Cash Reporting™ solution and its new XML messaging standards, your organization can finally take control of its treasury- and cash-management operations. SWIFTNet Cash Reporting automates the request and provision of account and transaction information in real time. The solution framework, based on Pegasystems' SmartBPM® Suite, is highly flexible and helps close the execution gap between business operations and management objectives. Financial institutions can optimize their Nostro balances, manage exceptions in real time, and offer a new service to their corporate customers; while corporations can optimize their intra-day liquidity via a single interface to multiple banks.

Benefits

• Superior liquidity management — Real-time information enables better optimization of balances across accounts for reduced fees, greater interest outcome, and overdraft avoidance.
• Real-time risk and exception management — Intra-day identification of potential settlement failures, before they occur, provides substantial risk and cost avoidance.
• Increased STP and operational efficiency — Fully straight-through processing of most account and transaction inquiries eliminates the manual effort that causes high cost, errors and risk, and delays in response.
• Ease of multi-bank integration — Use of SWIFTNet XML messages allows corporate customers to standardize their communications with multiple financial providers, simplifying cash management and reducing maintenance cost and complexity.
• Increased business agility — Your organization can change and extend processes and decision policies in real time. Business users are empowered to change business logic through rules, making the company more responsive to new opportunities or requirements.

Pegasystems' SWIFTNet Cash Reporting solution uses SWIFTNet XML messages to enable real-time reporting on accounts and transactions for all market participants.

Key Features

• SWIFTNet-compliant XML messaging — Message types supporting account inquiry (GetAccount), account response (ReturnAccount), transaction inquiry (GetTransaction), and transaction response (ReturnTransaction)
• Automated business processes — Pre-defined process flows to support inquiry initiation, outbound message transmission, automated research upon receipt of message, manual exception handling, and audit trail
• Data model — Pre-configured data structures, properties, and methods that can be used quickly and extended easily for cash reporting and other purposes; common data model shared with other Pegasystems solution frameworks
• Human workflow support — Sophisticated work management capabilities for manual exception handling, including rules-driven routing, intuitive user screens, individual worklists, group workbaskets, service-level agreements (SLAs), and escalation rules