Corporates Go Wanting for eBAM from their Banks
When will banks deliver the promise of eBAM to corporates demanding it?
Today, Flux released a new white paper, "Corporates Go Wanting for eBAM from their Banks".
Electronic Bank Account Management (eBAM) allows banks to offer their corporates automated and standards-compliant services to electronically manage:
- Opening and closing banks accounts
- Adding and removing account signatories
- Changing spending limits for account signatories
- Obtaining account information and reports without manual intervention
But corporate treasurers are wondering: Why is delivering on the eBAM promise by their banks taking so long?
Flux's new eBAM white paper makes the business case for banks to offer eBAM services so the bank can retain — or gain — a competitive advantage over rival banks.
"Corporate treasurers are asking, 'Which banks have shown an interest in eBAM?' They're crying out for their banks to provide an eBAM service," stated Dave Sims, founder and CEO of Flux.
Download the white paper Corporates Go Wanting for eBAM from their Banks at:
Built on the 13 year foundation provided by the Flux software platform, Flux provides Electronic Bank Account Management (eBAM) solutions for banks and corporates. Electronic bank account management replaces slow paper-based processes with electronic efficiencies, reducing human errors and providing greater transparency into bank and corporate operations.
The Flux software platform orchestrates file transfers and batch processing workflows for banking and finance. First released in 2000, Flux has grown into a financial platform that the largest US, UK, and Canadian banks and financial services organizations rely on daily for their mission critical financial systems.
Privately held, Flux's US offices are located in Nevada, Colorado, Tennessee, Hawaii, and Montana. Buenos Aires, Argentina completes the locations with all offices providing effective engineering, development, professional services, and technical support to Flux’s global customer base.
To Learn More About Flux
Visit the Flux website at flux.ly