Case Study: a pensions and employee benefits provider achieves more efficient investment processes with Cashfac

Pensions and employee benefits provider delivers its clients more efficient investment processes with Cashfac

A pensions and employee benefits provider faced significant challenges with its manual, paper-based cash management operations. The processes for tasks like agreeing contracts, creating payment instructions, and reconciling transactions were highly inefficient and prone to human error. To address these financial and operational pressures, the firm partnered with Cashfac, seeking to automate key tasks and gain a single view of cash movements across its business.

Cashfac implemented a fully automated end-to-end solution, integrated with the firm's internal accounting system and developed in conjunction with Lloyds Bank. This solution automated payment processes, authorizations, and the allocation of receipts, which eliminated manual reconciliations and provided real-time visibility into transactions. The results for Cashfac's client included greater operational control, a significant reduction in manual processes, enhanced reporting capabilities, and improved transparency for their own clients regarding balances and transactions.