SMA Financial, a SWIFT regional partner for UK, Eire, Channel Islands and the Nordics, has launched SMA Alembic, a new product that enables corporate treasury to improve cash and liquidity management.
SMA Alembic is a modular software suite that can be customised to meet the demanding requirements of corporate treasury department. It simplifies SWIFT connectivity, making it easy to make payments and receive statements, and is backed up by SMA’s team of SWIFT certified experts.
SMA Alembic provides full connectivity to SWIFT via SMA’s SWIFT service bureau and a built in integration engine ensures seamless data flow from any other internal or external system.
The modularity of the software provides the functionality to create and control payment messages, replacing multiple proprietary electronic banking applications. It can be configured to cater for SWIFT standard messages along with local or domestic payment types for higher rates of straight-through processing (STP).
SMA Alembic provides a consolidated view of all accounts, aggregated by bank, currency or business unit, for example. Combined with SMA Alembic’s cash pooling and forecasting capabilities, corporate treasury gains improved visibility over surplus cash which can be moved according to user-defined rules and preferences to maximise liquidity opportunities.
Simon Murby, managing director at SMA Financial, said: “SMA Alembic has been designed to enable corporate treasurers to optimise cash and liquidity management whilst simplifying any complexity associated with making payments over the SWIFT network.
Customers benefit from a highly flexible user interface to manage multi-bank cash management information. SMA Alembic is a cost effective, scalable and customisable product that combines the latest payments and cash management technology with the proven ultra secure SWIFT network.”
