By Alaina Roussel
The notion of eBAM (Electronic Bank Account Management) has been developed to describe the online management of bank accounts and bank account authorized signatory through a dedicated software. An eBAM solution is dedicated to manage:
The concept was created to reduce the current administrative processes with banks and to bypass the inconveniences of the traditional management of bank accounts, which lead to a substantial waste of time for groups such as:
These repetitive tasks related to the management of bank accounts, error-prone, loss of information, additional costs and financial risks, force treasurers to neglect far more strategic issues.
To overcome these daily difficulties, DataLog Finance has developed a module dedicated to eBAM that can be included into the payment factory CashPooler, offering the possibility of a comprehensive centralized electronic management of all bank accounts of the group, from the opening to the closing of an account through delegations and money orders, contracts and conditions of sale, sending letters to the bank, etc.
Major issue of internal control and risk management, multi-account management of Authorities allows financial actors to save time and optimize response time by streamlining workflows and reducing the amount of paper.
The eBAM CashSolutions module provides a unified and consistent view of all accounts in the group management activity, including through reporting and statistics (available globally, by bank or subsidiary…).
Contracts and agreements with banks are gathered in the tool, making procedures with them clearer and more predictable and allowing better planning of workloads. The processing of requests made to banks is thereby accelerated and reduce response time, causing a reduction and a better cost control.
Find out more about who we are, where we’ve come from, and where we’re headed.
Explore a range of resources and documentation we’ve assembled to help you modernize your treasury.
Find out how our solutions can help you manage and optimize your company’s liquidity, cash flow, banking communications, and other financial activities effectively and efficiently.
Your comprehensive all-in-one treasury management solution.
Automate, track & control all of your inbound & outbound payments from one centralized system.
Automate a continuous flow of cash to the right places across your global business accounts.
Configure and manage intra-group transfers, loans, and financial compensation from a central SaaS platform.