Real-time Visibility and Control Across all Account Balances
Monitor and Manage Cash Account Balances in Real-time with Baton’s Balance Manager
Manage Intraday Liquidity with Real-time Visibility
Many financial institutions face a critical blind spot: consistent, real-time visibility into their full range of account balances. The challenge of aggregating and analysing fragmented, non-standardised account data – often delivered in inconsistent formats and with irregular updates – is compounded by the fact that most firms maintain multiple accounts across various institutions and locations. This makes it nearly impossible to track positions or generate timely, actionable insights without the benefit of automated processes.
Yet account holders need to actively monitor their balances both individually and in aggregate as they fluctuate throughout the day. These real-time insights are essential inputs for intraday actions, liquidity analysis, regulatory reporting and effective intraday liquidity management. Without them, inefficiencies such as avoidable overdrafts, missed opportunities to earn interest, and poor resource allocation can arise.
Baton’s Balance Manager changes the game, providing real-time, consolidated visibility across all account balances in a standardised manner. Balance Manager delivers the information needed for intelligent and informed decision-making, to minimise risks, maximise resources, and confidently meet regulatory requirements—all in one powerful solution.
How Balance Manager Works
1) Data Integration Made Simple
Balance Manager seamlessly consumes daily debits, credits, and end-of-day statements from your account providers in all formats, with data received via SWIFT MT and XML straight out of the box. Additionally, use Baton’s Integration Manager for quick low-code customisation to ingest from additional sources such as ISO20022, JSON, CSV, PDFs, or proprietary formats.
2) Centralised Synthetic View of All Balances
The tool then normalises the data to create a consolidated, real-time synthetic balance of all accounts, including those held at Central Banks, in nostro and vostro accounts – presented via UI or API in both local and the user’s preferred base currency.
Additionally, users can aggregate accounts by currency, legal entity, business line, and more to meet their specific needs.
3) Automation and Advanced Functionality
This modular solution offers users significant opportunities to provide additional functionality. For example, it can be seamlessly integrated with intelligent and automated real-time workflows governed by customisable rules. These rules can generate context-sensitive alerts, notifying users when, for instance, an account reaches a pre-set threshold to control payment release or automate fund sweeps between surplus and deficit accounts.
Integration capabilities can also enable users to interrogate incoming debit or credit statements, matching them with ledger entries for expected payments and receipts to identify the counterparties or products driving account balances.
Additionally, by accessing detailed historical, time-stamped data, users can gain a deeper understanding of account dynamics. This not only supports detailed reporting but also helps financial institutions to optimise liquidity management.
Discover Baton’s Intraday Liquidity Management
Capabilities
Key Benefits
Improved Intraday Liquidity Management
Gain real-time oversight of all account balances, enabling more intelligent and informed fund allocation.
Enhanced Reconciliation and Cost Savings
Streamline and standardise reconciliation processes to reduce operational costs and ensure accurate reporting.
Regulatory Compliance
Meet the Basel Committee on Banking Supervision’s (BCBS) intraday liquidity monitoring rules with accurate, real-time data and clear audit trails.
Avoid Lost Interest Income
Increase interest-earning potential by actively identifying accounts running at a surplus and redistributing funds more efficiently.
Minimise Failed Payments and Overdrafts
Prevent failed payments or unnecessary overdraft fees through real-time monitoring across all accounts and proactive account adjustments.
Reduced Liquidity Buffers
Confidently decrease intraday liquidity buffers with improved visibility and control over cash flows.
Multi-Format Data Compatibility
Effortlessly ingest account data received in various formats, including via SWIFT MT and XML built in as standard, for seamless integration with existing systems and workflows.
Need additional formats? No problem.
Baton’s Integration Manager allows you to easily customise data ingestion on a low-code basis for multiple additional formats such as ISO20022.