MISYS MOBILE FOR CASH MANAGEMENT

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Misys Mobile for Cash Management – Extending cash management to mobile devices Misys Mobile for Cash Management extends the comprehensive functionality of Misys Cash Portal to the mobile device. Corporate banking has accommodated mobile devices for some time, but this has been limited to simple tasks based on sending and receiving emails. Meanwhile, the advent of the smartphone and the growth of personal online banking have raised our expectations of what can be delivered by our banks. Corporate treasurers are now asking why the free online and mobile banking services they receive as personal customers are far superior to the services they are expected to pay for as corporate customers. However, there are important differences between corporate and retail banking and these differences go some way to explaining banks’ caution over offering mobile banking to their corporate customers. Transactions made by corporates can be a lot more complex than those made by personal customers; structured in different parts and executed against different triggers, across multiple geographies and often phased by instalments. The values of those transactions can be far higher, requiring multiple approvals and many will continue to be initiated and managed from the office. Misys Mobile for Cash Management addresses this complexity, building directly on our understanding of what corporates need from their online banking through our innovative Misys Cash Portal. Information in Hand Corporates can make timelier and better informed decisions if the information they require is more readily accessible whenever and wherever it is needed. Misys Mobile for Trade Services allows corporates fast access to general information such as exchange rates, as well as tailored data for individual users such as a calendar view of forthcoming transaction dates. Finer detail can also be viewed, for example, information on outstanding amounts and the ability to drill-down on individual transactions across the different transaction banking products. 1 Fact sheet Alerts and Notifications Mobile telephones offer an immediacy that cannot be achieved by other banking channels. We carry our mobile telephones with us wherever we are allowed to take them, and the nature of these “always on” devices allows for the instant receipt and acknowledgement of messages. Misys Mobile for Cash Management enables corporates to use their mobile telephone to receive information on events within Misys Cash Portal, as they are happening. Importantly, the individual user remains in control, selecting what notifications they wish to receive and - just as importantly - how they wish to receive them: either via SMS text messaging or via Push Notifications for those devices that support this. Approvals It is likely that corporates will continue to perform the bulk of their cash management with their bank via a device that has a larger screen and an easyto-use keyboard - a desktop/laptop computer or tablet. However, mobile devices are perfect for the approval and release of transactions. Misys Mobile for Cash Management takes the extensive approval model from within Misys Cash Portal and enables corporate users to perform approvals via their mobile device and always subject to permissions and secure authentication. About Misys Cash Portal Misys Cash Portal allows banks to grow their cash management business without additional infrastructure investment. It reduces time-to-market for banks launching online cash management services and enhances customer experience and loyalty by offering easy access and innovative services.
Misys Mobile for Cash Management – Extending cash management to mobile devices Mobile Device Support Supporting banking services to run on the thousands of mobile telephone models and the various mobile operating systems currently used by corporate customers can be daunting for a bank. Misys Mobile for Cash Management manages this device proliferation for the bank, ensuring that - regardless of the device being used - the best experience possible can be offered the bank’s corporate customers. Misys divides this device ecosystem into three classes of device: Utility Phones – the most basic of telephones that are primarily restricted to making telephone calls and the sending/receiving of SMS text messages. Feature Phones – with additional functionality, including the ability to run “apps” as well as being able to access the Internet. Smart Phones – more advanced devices such as iPhones, Blackberries and those running the Android operating system. “Apps” and the Mobile Web An application, or “app”, is software that is installed on and associated with smart phones. Misys Mobile for Cash Management delivers applications that the bank can publish within the appropriate “app” store. Alternatively, a “mobile web” experience is available for both smart phones and feature phones, where the bank’s corporate customers can access equivalent functionality via the web browser on their mobile device. Misys Mobile for Cash Management presents screens and processes that have been optimized for the small screens found on mobile phones. Utility phones are able to take advantage of SMS text messaging for the receipt of notifications and alerts. Push Notifications Push notifications are a more advanced form of text message delivered to smart phones. They are associated with specific applications and users can control whether to receive them or not. Unlike text messages, a push notification can contain additional information that may not be directly visible, and is a way of sending updates from a server to an application installed on the device. Because a push notification is associated with an application, it can trigger specific behaviour. For example, the application’s icon can change, and identify the number of pending message by way of a “badge”. Additionally, when reading a push notification, application specific options can be presented - such as “View Detail” or “Reject”. Misys Mobile for Cash Management delivers push notifications across a wide range of supported smart phones. Misys Mobile for Cash Management supports the below Cash Management services: • Multi-Currency Cash Balances • Account Statements • Transaction Detail • Calendar View • Internal Transfers • Domestic Payments • Alerts and Notifications • Transaction Approval Fact sheet 2
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