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CashFac is a global provider of back-office operational cash management software, including the world’s most deployed virtual accounts solution. Delivered both through their bank partners and direct-to-customer, it is relied upon by hundreds of major banks, financial institutions, corporate and public-sector organisations to improve productivity and provide greater visibility, automation and control over critical cash management processes.
"Having grown from its actuarial advisory businesses, the number of schemes under XPS’ administration had continually grown. Each pension scheme by necessity has a standalone bank account, meaning the legacy …
"Our department was using nearly 50 different paying-in books, so the team wanted virtual accounts to streamline administration and tidy things up. This system has helped claw back the amount …
"With Cashfac’s Virtual Bank Technology, we’ve achieved better cash management, consistent cost savings and easier regulatory compliance across different business units by automating core processes."
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