Boston, November 7, 2012 – A new report from Aite Group explores key trends within the U.S. cash management industry as well as the ways in which technology is evolving to address new market needs. The report profiles eight leading online cash management solution providers and awards vendors for their strengths in critical areas such as usability, scalability, innovation, mobile functionality, and global capabilities.
Cash management and the technologies that support it continue to be a high area of focus for financial institutions, with the number of new solution contracts signed forecast to increase over the next few years. As the role of the corporate treasurer becomes more strategic, financial institutions are searching for new ways to better leverage technology to provide value-added services, improve the user experience, and generate additional revenue. Corporate treasurers demand more visibility into liquidity, easier access to information, and analytics and tools that better arm them to make good financial decisions. They also require simpler workflows, less arduous systems navigation, and simplified connectivity to banks and partners along the supply chain.
“Cash management technologies have evolved over the last few years, as have the strategies of the key vendors that provide them,” says Christine Barry, research director with Aite Group and author of this report. “The path to optimal solution usability is a long one, however, and a journey that vendors will take through their next few releases. Cash forecasting and global flexibility are getting greater attention from vendors than ever before, and new vendor dashboards will continue to roll out.”
Vendors profiled in this report are ACI Worldwide, Bottomline Technologies, FIS, Fiserv, Fundtech, Online Banking Solutions, Polaris, and SAP.
This 68-page Impact Report contains 16 figures and 12 tables. Clients of Aite Group’s Wholesale Banking service can download the report.