August 24, 2005 07:55 ET

Expertus Launches its Global Liquidity Management Solution; International Cash Management Solution to Improve Banks' Liquidity Management and Reduce Costs

MONTREAL--(CCNMatthews - Aug 24, 2005) -

Expertus, a SWIFT Service and Solution Partner, today announced the launching of its latest version of Monetis Real-Time Cash Management, which now includes global liquidity management capabilities.

With the corporates growing demand for real-time information and liquidity management capabilities, the financial community clearly identified the need to offer them a simple and effective international cash management tool.

Corporations need to transform liquidities management and therefore rethink treasury functions. Consolidating accounts in a small set of well established institutions now enables a new mode of collaboration between financial institutions and corporates.

Jacques Leblanc, president of Expertus, says: "With Monetis now available through financial institutions, corporate treasurers can improve liquidity and cash management while increasing operational effectiveness and minimizing operational risk."

Only a limited number of financial institutions are currently offering the tracking of liquidity positions, collection of transaction information and management of funds. Monetis Real-Time Cash Management is a comprehensive solution to answer this market's need.

The global liquidity management capabilities bring additional benefits and value to the solution, such as; minimizing lending costs, increasing interests, improving operational effectiveness and STP levels while contributing to Sarbanes-Oxley compliance.

Key functions of Monetis Real-Time Cash Management include:

Global account consolidation: single consolidated view onto the end-of-day data for the previous evening and real time information on account balances and activities, from accounts owned by different institutions

Global cash management: Initiate transfers internationally, using a local bank, through a single portal.

Global reconciliation: Consolidated data can be displayed, sent, or integrated into the business flow. The reconciliation process can therefore be accelerated, relocated or outsourced to the local bank.

Monetis is real-time enabled, compliant with SWIFT XML Standards for Cash Management and designed on an open J2EE environment.

Expertus is exhibiting at Sibos, in Copenhagen, and invites you to Monetis Real-Time Cash Management Showcase, booth B142.

About Expertus

Expertus assists banks and multi-national corporations to collaborate effectively for real-time payments and cash management. As a renowned SWIFT Service and Solution Partner, Expertus has developed Monetis based on the latest technologies (J2EE/ XML). Monetis is a fully customizable suite of applications designed to meet evolving business requirements and standards.

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