The latest version of the Misys Portal brings together the best of cash management, financial supply chain management and traditional trade finance in a unified online application
Misys has launched Misys Portal v5, a major innovation that delivers a unique corporate online banking solution. This next generation of the company’s market-leading online banking solution improves banks’ financial supply chain, trade and cash management services provided to customers. It consolidates Misys’ leading position in trade finance and cash management and combines these capabilities within the next-generation online portal, allowing banks to connect supply chain processes together to improve efficiencies and drive down costs.
Misys Portal v5 seamlessly delivers a truly consolidated view for a corporate treasurer across all transaction services and payments. The next-generation portal provides sophisticated pre-packaged scenarios that help banks to establish innovative supply chain finance programmes more quickly. Time to market is a key factor in the success of these programmes and these scenarios enable smooth and rapid project implementations.
Ease of use is key for customers and Misys is the first company that allows banks to provide access to these services through the portal via mobile devices if required. Through specifically designed apps on the portal that support Android, Blackberry and IOS compatible devices, corporate customers can access, manage and control transactions from anywhere and at any time via the portal for the first time.
Banks recognise the importance of offering their corporate customers an online banking service that integrates cash management, trade and financial supply chain management and FX/MM requirements. With the highly flexible portal, banks are easily able to extend the range of services they deliver to their customers across trade, cash and the financial supply chain, depending on their requirements. This extensibility significantly increases the value of these services to the customer and rapidly improves time to market for the bank.
Misys Portal is a proven online delivery capability that brings all these business functions together in a modern, intuitive user-interface. Version 5 also includes enhanced cash management features, such as bulk payments (covering salary payments, mass payments, collections) and collections/deposits.
Wisam Mahmood, Global Product Director, Transaction Banking at Misys, comments, “We continually work closely with our clients to help them meet the needs of their customers. We are delighted to be the first company to introduce support for mobile trade finance and cash management through specifically designed apps for all types of mobile devices. Our portal solution is offered to customers as a standalone, best-in-class, commercial online banking solution but is also available as a fully pre-integrated addition to Misys’ range of core banking systems.”
Enrico Camerinelli, Senior Analyst at Aite Group, states, “Supply chain finance is best defined as the use of financial instruments, practices and technologies to optimise the management of the working capital and liquidity tied up in supply chain processes for collaborating business partners. The development of advanced technologies that connect relevant financial supply chain processes is an important enabler for the initiation of supply chain finance interventions.”
Supply chain finance is one of the topics of discussion at a recent industry roundtable meeting. The discussion focused on the challenge for banks to offer specific, localised knowledge for domestic markets, while offering a consistent global service to their corporate customers.