One System to Connect All Your Banks

We’re living in 2024. People have walked on the moon, and kids are sharing videos with friends across the globe in the blink of an eye. Yet, when it comes to making payments and gathering statements, there is still significant room for improvement.

We’re dealing with multiple electronic banking systems to log into, various tokens and codes, limited control over overseas bank activities, minimal integration with ERP and/or TMS, and, last but not least, too much dependency on banks.

So, why are we stuck in the Stone Age when it comes to payments?

1. Complexity: The payment landscape can be complex, given the variety of banks, communication standards, and payment formats. To complicate matters further, the payment environment is constantly evolving.
2. Mergers & Acquisitions (M&A): Every acquisition adds complexity to the payment landscape.
3. Routine: Management may be accustomed to these inefficient processes, making change a challenge.

These issues also present opportunities. Now may be the perfect time to sit down and rethink your organization’s payment processes. A single system—a ‘multibank’ solution—that connects all your banks can bring the following benefits:

1. One system to connect all your banks.
2. Independence from any single bank.
3. A consolidated view of your cash position on one screen.
4. An overview of all payments in one place.
5. Automatic collection of statements.
6. Company-wide consistency with a single type of security token.
7. Full control over all bank accounts and mandates.
8. Cost reduction through optimized, parallel communication channels.
9. Fast integration with any ERP system and TMS.

But aren’t multibanking solutions expensive?

That depends on your unique situation. We can help you connect to banks worldwide. Over a five-year period, the total costs can be as low as EUR 15 per account per month.

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