Treasury Services has developed a revolutionary solution to set up cash pooling structures completely independent from banks through software. This creates significant additional savings and advantages compared to a cash pooling solution with banks. The background of our decision to develop such a solution is described in the Article we published at the European Association or Corporate Treasurers (EACT).

The advantages of Cash Pooling through Software are:

• Implementation:
• Implementation time of maximum 1 day
• Adding, modifying and removing accounts in the structure can be done instantly
• Pooling Structure:
• Pooling on accounts maintained with different banks
• Pooling on accounts maintained in different countries
• Maximum flexibility, and no limitations, in choice of banks for transactional banking
• Risk Management:
• Minimises credit risk on financial counterparts (banks)
• No guarantees, pledges, covenants and other sureties to banks
• Compliance rules requested by banks are not applicable anymore
• Corporate Finance:
• Optimises funding possibilities
• No limitations on Finance stemming from Cash Management
• Economics:
• No banking fees for pooling
• Minimises bank accounts and account maintenance fees
• Minimises bank service fees

The solution we have developed is a complete solution. It does not only consist of a software solution, but also proposed changes for policies and processes, and we investigated the legal and fiscal constraints.

The complete solution was presented at a dedicated Conference on 25 November 2011 at our offices.