Case Study: Lloyds Bank helps a pensions administrator automate contributions and administration with Cashfac

Lloyds Bank helps pensions administrator streamline contributions in 8 weeks with CashFac

Cashfac partnered with Lloyds Bank to help a leading pensions administrator overcome its manual, error-prone processes for handling pension contributions. The client's challenge was to eliminate these onerous manual tasks in order to scale operations, support aggressive growth, and offer a best-in-class level of customer service.

The solution implemented by Cashfac automated the processing of all pension contributions, centralizing treasury operations into a single pooled account with Lloyds Bank. This provided greater operational control over payments, collections, and investments. As a result, Cashfac enabled automated reconciliation, more accurate validation of contributions, and greater financial control, with the entire project delivered in just eight weeks.

Lloyds Bank