Bank account management has changed in the past 18 months, driven by regulations such as FBAR, and technology advancements in eBAM. While FBAR has created a required accountability, it has also spawned an opportunity to improve visibility and control over bank accounts. In this webinar, speakers discussed the benefits treasury teams can realize through improved bank account management, which include:
- reduced fraud
- ability to decentralize responsibility without taking on extra risk
- improved bank fee analysis
- data mining to align cost of banking with bank account usage
Up to 1.2 FP&A recertification credits and up to 1.2 CTP/CCM credits by the Association for Financial Professionals were provided to full session attendees.
Kyriba enables the world’s largest public service broadcaster to seamlessly manage the administration of about 550 bank accounts using 54 currencies, held by almost 100 banks globally.
Managing multiple banking relationships can be a challenging responsibility, particularly across multiple geographies, languages and time zones. Kyriba’s Bank Relationship Management enables our clients to gain control over their banking relationships.