Driving Working Capital Management More financial institutions and corporate finance departments are turning to eGistics' image archive, management and delivery solutions to overhaul their internal information management and reporting processes and focus on what really drives business. Treasurers want something to support their compliance and audit requirements, while giving them intra-day exceptions management
and analysis capabilities, and a common approach to data storage and retrieval - eGistics' archive solutions facilitate more effective treasury operations. How? By providing: scalability that would be cost prohibitive in an in-house system, a single sign-on for access to images and data from multiple applications, hierarchical user access, the ability to record
and report on user access or manipulation of the archive, and the ability for users to retrieve images and data, anytime, anywhere.
- eGistics can drive Web-based capabilities for same-day payments dispositioning and decisioning. For corporations, the ability to view images of transactions and exception items on-demand is a critical component of receivables management. With the technology, users can provide processing instructions to the finance department or their lock box, the same day, and without interrupting the standard receivables transaction flow. These items may include transactions with an invalid account number, unbalanced multiple payments, and remittance processing system rejects.
- eGistics' archive and delivery solutions replace expensive and inefficient paper archives and CD-ROMs, providing authorized users with 24/7 access to images and data via a broadband connection. Users across the finance and treasury departments can easily access timely information for proactively managing capital, addressing payments discrepancies and disputes, and even preventing payments issues from occurring. This data can help treasury learn more about the company's customers to improve cash forecasting or to negotiate better contract terms.
- eGistics' image archive helps facilitate increased control and visibility. With payments data residing in one place, companies are better positioned do data mining, drill down into the information, access more timely and meaningful reports, and electronically monitor what's going on with its financial supply chain and even with clients. For example, in a real-time settlement world, companies need to manage cash flows intra-day to maximize treasury efficiencies. This visibility also allows treasurers and cash managers to handle more inquiries and investigations of payment questions themselves; and eGistics serves up treasury info in a user-friendly manner.
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