Misys Wholesale Banking Systems has launched an upgraded version of Misys Treasury, an ASP service that provides browser-based treasury management services. It will now include cash balance and statement aggregation.
The original service, launched in June 2004, provided corporate treasurers with a single secure portal that handles trade execution and confirmation matching. Now additional functionality is being added so that cash balance reporting and aggregation can be managed via the same portal.
Misys explains that most customers deal with multiple banks and currencies on a daily basis, yet most banks require a separate service in order to manage the exchange of cash management information. Now Misys Treasury can offer customers multi-bank and multi-currency aggregation via a single portal, using SWIFT as a backbone.
“Ensuring that all trades are executed and managed efficiently is exceptionally important, both to banks and corporate customers,” says Mark Davies, CEO of Misys Global Managed Services. “The Misys Treasury service offers our customers a comprehensive front-to-back office solution, so that the whole trade lifecycle can ultimately be handled via one portal.”