Simplex Launches Simplex Liquidity Manager, the 'Premium Alembic'
Simplex, a global transaction services provider, has launch of Simplex Liquidity Manager (SLM), a comprehensive corporate cash and liquidity management solution. SLM is the new premium upgrade to the Alembic suite, currently used by a number of global corporates.
Integrated on the Simplex Global Transaction Platform (GTP), SLM is based on ISO 20022 standards and provides a complete global liquidity management solution. SLM is built upon the latest technology standards to provide a rich web-based interface across multiple platforms and device-types, ensuring ease of use and total user flexibility for treasury teams.
The modular SLM suite delivers powerful cash management services to the corporate treasury. It allows the corporate to replace multiple proprietary and legacy bank systems with a single integrated solution, reducing operating costs and enabling a consolidated view of international multi-bank cash positions within a single window. This clear view is completely customisable, and can for example be aggregated by bank, currency or business unit.
Philip Walsh, chief executive officer (CEO) of Simplex, said: “SLM is fully integrated onto the Simplex Global Transaction Platform and delivers services to corporates far beyond transaction processing. It enables information to be integrated with in-house systems for straight-through processing and automatic reconciliation. The Simplex GTP ensures global compliance and interoperability. Legacy and proprietary data is transformed into SEPA [single euro payments area] message formats, enabling corporates to benefit from lower transaction costs without the expense of changing existing treasury or enterprise systems.”