Search
 

New Cash Reporting Standard

BTRS overhauls BAI-2 format, adds more uniformity and global capability.

By Staff Writer | Updated on November 15, 2011

A new standard for cash management reporting is coming that will streamline communications between banks and corporations, and provide greater uniformity, global capabilities and better interoperability with back-office systems, supporters say.

The X9 Accredited Standards Committee of the American National Standards Institute (ANSI) is nearing the end of its two-year effort to upgrade and expand the BAI-2 format, last updated 10 years ago and widely used for reporting account balances, transactions, lockbox details and controlled disbursement details. X9 expects to publish the new standard, known as the Balance and Transaction Reporting Standard (BTRS) in the first quarter of 2012.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.