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The True Value that eBAM Will Deliver

Depending on whom you speak to, electronic bank account management (eBAM) is just around the corner — or perhaps a short walk away. Regardless, eBAM…

By Bob Stark, Vice President of Strategy, Kyriba | Updated on June 22, 2015
Depending on whom you speak to, electronic bank account management (eBAM) is just around the corner — or perhaps a short walk away. Regardless, eBAM is a valuable work in progress and its features will be beneficial to all organizations, large and small, domestic and global.

Advantages of eBAM

Automation

At first glance, the big win for those that manage bank accounts is the reduced paperwork. We seek automation for every task, especially in corporate treasury. We rely upon automation to create time to apply to value added tasks and strategic projects. eBAM will deliver that time by replacing piles of paperwork (sometimes quite literally) to fill out, with electronic forms. While banks will still require extensive information, navigating electronic forms served up via the bank account management module or system will simplify and speed up the process of opening, closing, or making changes to bank accounts.

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