| Banks
are increasingly finding it difficult to meet
the cash management expectations of the modern
treasurer and are ending up losing market share
to those who can offer modern liquidity management
solution to their customers.
Most treasury managers
grapple with the problem of managing surplus cash
in one set of accounts and deficit in another.
And with the increase in Business volumes, Banks
and corporate treasurers are actively looking
beyond their traditional borders to improve control
over their cash assets globally by optimizing
liquidity management.
The corporate treasurer’s
role has evolved into a strategic, value-added
function and the ability to effectively manage
global liquidity has become a key enabler and
requirement. Routine Liquidity solutions available
with the banks have begun to fall short of the
expectations of the treasurers.
The need today is
for a sophisticated solution that can be configured
to meet emerging market trends and establish a
closer link between liquidity management solutions
and overall cash management strategy.
This is in order
to achieve the Holy Grail of a one-stop shop solution
that links the entire value chain to a single,
highly integrated portal. Advances in financial
technology and highly evolved solutions available
on the market are increasingly enabling banks
to make this vision a reality.
The Polaris Liquidity
offering has evolved over many years of refinement
and has been implemented in several locations
worldwide during this lifespan. Today, it incorporates
a very comprehensive list of standard features
that can meet the needs of the most complex liquidity
management solutions.
Polaris has 15 years
of cash management experience in developing and
deploying global cash management solutions and
the product flexibility enables quicker time to
market. This is attributed to 250 dedicated consultants
with rich experience in the Cash Management domain.
Liquidity solutions can be implemented by Polaris
in just six months as against the norm of 12 months
or more.
Being highly parameterized,
Our Liquidity enables a bank to offer innovative
over the counter liquidity solutions to its corporate
clients. Progressive features like back value
transactions, cross currency sweeping / pooling,
multi bank cash concentration, what-if analysis,
etc coupled with the fact that the solution is
based on contemporary technology, make it an enviable
product for any bank to have in its stable/bouquet.
The solution is
a J2EE compliant system based on the principles
of Service Oriented Architecture (SOA). As a result,
it is a stand-alone modular component that can
be bolted on to existing systems with least disruption,
using only an integration interface.
-
Is a J2EE-Next Generation
Architecture (NextGen) system, following a
component based approach. This enables quicker
introduction of new functionalities.
-
Is a bolt-on system, that
can be seamlessly integrated with existing
systems.
-
Is web-enabled, allowing
the customer's organization to do self set-up
of instructions as well as make enquiries.
-
Is a highly parameterized
system that allows rapid creation and roll
out of new product offerings to the customers.
The system gives the power to the bank to
quickly respond their customer’s varied
requirements, without requiring software changes.
-
Adopts a 'rule based' offering
of functionality to adapt to customer requirements
rather than systems that offer standard functions.
-
Offers a holistic global
liquidity solution (i.e. across borders, across
currencies, across banks and across host systems)
that works round the clock.
-
Is a time tested high precision
system.
-
Possesses capability of
interacting with external banks using SWIFT
messages.
-
Offers flexible reporting
writing and generation tool that can be used
to generate any kind of report desired by
the bank / customer.
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more ...
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