Business Services

Santander goes live with Cashfac services for corporate clients

Gfk Consumer Confidence Chart Rises in December

Santander has gone live with corporate cash management and client money services from Cashfac Technologies. The Cashfac-powered solutions will be made available via the Santander Connect online banking service, for corporate and commercial clients. They will serve insolvency practitioners, property managers, fund managers and investment companies. Cashfac's solutions provide a real-time, granular approach for corporates to better control cash across their business. They fully automate the management and control of payments, receipts and reconciliations to reduce corporate institutions' dependence on manual processes and provide visibility across the entire lifecycle of a payment. Joanne Sugden, head of transactional banking and liquidity at Santander, said: 'We needed a cash management solution that could be deployed across a variety of market sectors and enable our corporate customers to manage high volumes of accounts and client payments, automate complex back office processes and ensure that their reporting operations adhere to the necessary audit and regulatory requirements.


Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.


If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…


Mexico is predicted to become one of the world’s top 10 economies in the next 10 or 20 years.

Stop fraud

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…

Santander’s Head of SME International Mark Collings discusses why exporting to new global markets may provide businesses with new and…

Where Next?