eBAM formats to launch your project to digitize banking authorizations!
With NEOFI , you create processes to easily manage banking authorizations across all your accounts, in all your banks.
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eBAM ( electronic Bank Account Management ) is an acronym that stands for: the electronic management of banking authorizations between the bank and the company.
eBAM relies on approximately fifteen standardized XML formats inform , even though these formats have existed for over 10 years, many banks are unfamiliar with them, some only manage a few, and none manage all of them.
NEOFI provides a unified view of all your accounts and their authorized representatives, so you know at any time who has what authority over which accounts, the status of internal requests, and the status of requests to the banks contacted.
With NEOFI eBAM , you know at any time:
• Who has authority over a given account
• Who holds a selected type of authority, and over which accounts
NEOFI manages all changes to your bank accounts, from opening to closing, including updates (managing account signatories or spending limits). You can easily make modifications and change the banking powers associated with your accounts:
• rules engine , NEOFI can identify which banks accept eBAM and send them account creations, modifications, and deletions of accounts and/or powers in XML format.
• If your bank does not offer any electronic means of communication, NEOFI immediately and automatically generates the necessary letters to send them (in PDF or XML format) for each change.
Several departments are involved in the management of banking powers and their action contributes strongly to the finalization of the changes:
· The HR department announces transfers, hires, departures
· The IT department manages the company's LDAP directory
· The legal department must update the Kbis extracts
In
NEOFI eBAM , the monitoring workflow can include the actions of these departments and even be interfaced with the internal processes of each department.
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We won't disrupt your existing processes: you can keep your current internal request and validation forms.
NEOFI models your processes for modifying, creating, and deleting bank authorizations so you can track them in real time within workflows. You can see the status of your requests at any time, from creation to validation and finally to signature.
Real-time tracking
Real-time tracking
With the option of sending via secure protocols, NEOFI eliminates the insecurity associated with paper mail transmitted through unsecured channels. Furthermore, the digitization of bank authorization management improves audit trails through the complete archiving of actions performed (versioning, user information, access rights management), thereby preventing fraud.
Real-time tracking
Improve payment data management and get the information needed to help your organization manage cash flow and liquidity more effectively.
