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A Better View of Banks

As finance departments in search of liquidity develop relationships with more banks, Fundtech can help keep track of all the accounts.

By Dave Lindorff | Updated on May 01, 2009

Maintaining liquidity is a challenge for many companies amid the deepening economic slump, and even if a company has cash on hand, just keeping tabs on liquid assets can be challenging. This is particularly true as finance executives, hit with pullbacks or even cancellation of credit lines by troubled banks, move to develop relationships with a wider array of smaller, financially sound banks eager to extend credit. Now Fundtech, a global provider of banking software, has announced a new tool, CASHplus, that it says will allow treasurers to see all their accounts and credit lines on a current basis.

“As companies try to develop more diverse banking relationships with smaller banks, just keeping tabs on all those accounts can be a challenge,” explains Al Griffin, vice president for product management at New Jersey-based Fundtech. “In fact, many treasurers are still doing it by hand, which is very time-consuming.”

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