Cash Management Services
The globalisation of financial markets, the increasing concentration of various industries and the new opportunities provided by the EMU/Euro are some of the factors contributing to corporations’ growing need to improve their effectiveness.
International Cash Management (ICM) has the potential to help corporations optimise cash flows, enhance liquidity management, improve interest results, reduce funding costs and increase the efficiency of their financial administration.
Rabobank can define and implement tailor-made solutions that meet your specific corporate needs. With our expertise and proven track record, we are the perfect professional partner for any corporation that wishes to optimise its international cash management.
We know your business. Our account managers know how to mobilise market and customer knowledge and combine it with a broad range of product expertise. They are also experts at defining and implementing ICM-solutions.
Rabobank uses market standard tools to support ease of interface between ERP, treasury and cash management applications, and the international banking infrastructure. These tools help corporate customers transmit payment orders (domestic and cross border) directly from their financial application to Rabobank and import account reconciliation information from Rabobank.
Users of Rabobank’s online banking system – the Rabo Financial Logistics Portal (RFLP) - have access to all their Rabobank accounts and any other accounts held with foreign banks. The Rabo Financial Logistics Portal allows corporate customers to make international payments just as easily as domestic payments and to manage all related collection and distribution accounts. Information regarding accounts held with foreign banks is available within the system.
Access to foreign accounts is only possible if a bilateral agreement between Rabobank and the foreign bank exists. Where no such agreement exists we are able and willing to set up a new arrangement - with any bank, anywhere in the world.
The Financial Logistics online payment service consists of iDEAL and NotaBox.
iDEAL was introduced in 2005. iDEAL is a safe and convenient payment method on the internet. All the major Dutch banks are participating in this product. Internet retailers are convinced that iDEAL will lead to a sharp increase in their internet sales.
Through NotaBox, digital billing and collection is made possible. NotaBox enables you to send your invoices and giro forms online, which makes collecting much easier. NotaBox produces cost-savings for your company and added convenience for your customers..
Currently, Rabobank participates in two networks of banks: UniCash and Trans European Banking Services (TES). All participating banks in these networks are known for both their extensive branch network and their strong domestic market share. More specific information regarding the members of these networks and their products and services is available upon request.
In addition to these cash networks, Rabobank has developed a very efficient international cash management infrastructure in cooperation with the Bank of America. This structure can be used to set up a system of collection and distribution accounts in countries maintaining import or export relations with our customers.
With Rabobank cash pool services we offer Cash managers and Treasurers the opportunity to manage interest results for their whole company and its (foreign) subsidiaries. Local subsidiaries manage their own accounts, a central treasury optimises the total interest results and the liquidity positions. All cash pool variants can be combined with the other products and services of Rabobank.