Managing multiple bank relationships and signatory data can be time-consuming for treasury departments of large organizations. Weiland BAweb™ from Fiserv standardizes and automates the process, giving you greater control and enhancing compliance.
Bank account management can be a challenge for large organizations, especially for multi-national companies and those with de-centralized treasuries. Loose controls expose you to fraud, loss and significant compliance risks.
Weiland BAweb from Fiserv satisfies a core component of any mid- to large-sized company’s compliance strategy by streamlining the management of your bank, account, legal entity and signatory details. By using the latest SWIFT® electronic bank account management (eBAM) capabilities to electronically exchange conversations with your banking partners, you can complete account openings, modifications and closings in just hours instead of weeks, while enhancing security, accuracy and control.
The browser-based Weiland BAweb solution uses a single consolidated, relational database to help you monitor your entire bank account inventory, including the actions of staff members who have authority over those accounts. The system is fully customizable, ensuring that all data elements used by your company have a home using your terminology and your rules.
Weiland BAweb has a built-in business process management engine, allowing you to customize your internal controls process over opening, updating and closing accounts, reducing risk and increasing compliance. The business process management module, in conjunction with fully customizable security and audit tools, allows you to establish solid proactive and reactive controls around all your bank and account relationships to mitigate risk, increase productivity and ensure compliance.