Bank account management Simplify robust and centralized bank account management

Discover what ION can do for you

What is a bank account management solution?

Bank information resides on paper, in spreadsheets, and across disparate systems and bank portals. Banks also report their fees using different formats, unique identifiers, and cryptic descriptions. Global business operations make bank account management and bank relationship management more complex, and this fragmented approach exposes organizations to the risk of error and fraud. A dedicated solution makes bank account management simple, efficient, and orderly so you can focus on your business without the headache of manually managing bank accounts.

Why an ION Treasury bank account management solution?

Authorization and visibility

Automate workflows for bank account and signatory management. Centralized maintenance and visibility of portal users and related account services. Route documentation to authorized signers and maintain all bank contacts in one place.

Bank fee analysis

Gain clarity into large volumes of inconsistent billing data. Assess bank competitiveness and enable strategic negotiations. Automate reconciliation of expected fees vs. actual fees and reduce costs by identifying billing errors and overcharges.

Workflow and documentation

Streamline the opening and closing of accounts by leveraging dashboards for up-to-date tracking of open tasks. Segregate duties through role-based access. Generate bank documentation automatically and store it in a secure document library with version control.

Reporting and analytics

Execute ad hoc queries directly from dashboards, and generate FBAR reports at the corporate level or for individual signers. An enhanced reporting engine provides a suite of standard reports out of the box, including detailed audit reports to ensure complete compliance.

Products

ION Treasury offers dedicated bank account management functionality in a choice of treasury management systems – from basic to advanced, from on-premises to cloud. No matter where you are in your digital journey, we have the right solution for you.

  • City Financials

    A pre-configured treasury and risk management solution providing efficiency and strong controls using standard treasury practices.

  • IBAM

    Web-based bank account management with bank fee analysis capabilities enabling users to maintain a centralized, accurate inventory of all bank accounts and bank documentation.

  • IT2

    Configurable treasury and risk management solution, offering a superior visual user experience and an integrated workflow framework.

  • ITS

    A treasury and risk management solution with broad and deep capabilities for Central European companies.

  • Openlink

    A comprehensive enterprise treasury and risk management solution for large commodity-intensive organizations needing extensive asset class coverage.

  • Reval

    A highly scalable, comprehensive, and integrated treasury and risk management SaaS solution.

  • Wallstreet Suite

    An enterprise treasury and risk management solution designed for the unique needs of the world’s largest, most complex organizations.

Segment

  • Corporates
  • Financials Institutions
  • Governments and central banks

Geography

  • APAC
  • Americas
  • EMEA

Delivery method

  • On-premise
  • SaaS

Size of Treasury team

  • <10
  • 10 - 25
  • 10-25
  • 25+
  • Bank account management is a cornerstone and pillar of any treasury organization. IBAM provides a solution to fully integrate our banking data and documentation automatically to our treasury management system.

    Arnol Aquino, CTP
    Treasury Director, Hilton

Latest Treasury awards

Stevie Awards 2022

Customer Service Department of the Year – Bronze

Stevie Awards 2021

Customer Service Department of the Year

Global Finance Best Treasury & Cash Management Award 2022

Best Cash Forecasting

RiskTech100 2022

Treasury Platforms