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The Dynasty Factoring system, already in production,
uses real-time, updated customer and operations data to
give a tighter control of cash positioning so that banks can safely increase exposure without incurring
penalties or increasing risk. It automates key
functions and uses straight-through processing to
eliminate the need for costly manual intervention.
Because its unique centralized database updates
information in real time, customers can now reduce
expensive communication between operations sites, as
well as the overhead cost of data replication and data
storage
Dynasty Factoring provides
consolidated, just-in-time information to organizational
levels throughout the enterprise. The solution’s
multi-currency exchanges, multi-language
functionality, and multi-entity capabilities provide
flexible support for local activity. Customers can create
Factoring units that close in each time zone based on
their operations and not a central cut-off time.
Profitability can be tracked by region and risk can be monitored
globally.
Banks by using Dynasty Factoring can provide global services
to global customers or targeted services to a specific
local market. Managers and
executives can access real-time data on profitability,
fraud, and risk for informed—and timely—decision
making.
Dynasty Factoring can improve the business of banks in the
international factoring segment by helping financial
institutions to operate better in a fast growing field. The solution easily integrates with legacy
applications, business quality messaging solutions,
other architectures, and standard technologies to keep development and maintenance costs low.
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