Corillian Corporate Banking ™

Today's business environment demands rapid decision-making and short-term financial results. Increasingly, real-time cash flow management is becoming critical to corporations striving to achieve a competitive advantage. These businesses are naturally turning to financial services providers with online treasury management solutions for help. Financial institutions, in turn, are challenged by corporations who pressure them to reduce fees and are willing to move from one financial service provider to another.

Corillian Corporate Banking provides financial institutions a way to deliver a complete set of online money movement services to corporations. Corillian Corporate Banking integrates seamlessly and in real-time with financial institution back-office systems. As a result, corporations can make treasury management decisions based on reliable, up-to-date information, and act on them instantly.

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Corillian lowers the total cost of ownership for online banking by delivering the best-in-class Internet banking solutions on Corillian Voyager, which is the platform common to all Corillian line of business applications.

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Secure Single Sign-on
Corillian Corporate Banking makes financial services from multiple financial institution systems available from a single login. Corporate customers enjoy the convenience and benefits of a single set of credentials per user, and financial institutions reduce the hassle of resetting forgotten passwords. Corillian Corporate Banking integrates with multi-factor authentication systems to ensure a higher level of security for critical transactions involving large amounts of cash.

Controlled Authorization Services
Corillian Corporate Banking controlled authorization services let corporate cash managers set up secondary user accounts for employees or trusted partners. Controlled authorization ensures control and accountability over which functions users can perform. Users can be assigned to groups, and sets of entitlements can be applied to groups of users. Multiple administrative users can control access by secondary users at the following levels:

• Application Level (e.g. bill pay, transfers, balance, etc.)
• Transaction Level (e.g. create transfer, modify transfer)
• Account Level (i.e. which accounts transactions can be completed on)
• Threshold (i.e. limits for value based transactions)
• Time limits (i.e. date ranges when transactions can be performed or limits on the frequency of transactions)

With controlled authorization, administrative users can ensure that unauthorized transactions are not allowed. Alternatively, they can specify that transactions over a designated threshold can only be released when a specified approval workflow is completed.

Real-time Information and Transactions
Financial institution customers have come to rely on the online channel to immediately reflect their deposits, payments, transfers, and other account activity. Only Corillian has a proven history of handling real-time transactions in large-scale production environments. This capability is evident in Corillian Corporate Banking, giving corporations the confidence and assurance that their transactions are completed immediately and that their balance information is up-to-date.

Real-time Alerts
Alerts for Corillian Corporate Banking help to ensure that cash managers are always up-to-date on their corporation’s financial condition. Corillian Corporate Corporate Banking provides alerts for balance thresholds, successful or unsuccessful payments, payment due information, transactions requiring approval, and discovery of check exceptions. Alerts can be sent to any e-mail address—including those of cellular phones and wireless PDAs. The convenience and value of alerts promote loyalty in the treasury management customer base.

ACH and Wire Transfers
ACH and wire transfers allow corporate customers to move funds between accounts at any financial institution, collect receivables from customers, or electronically pay suppliers, employees, and others. Receivers and templates improve the ease and efficiency of executing transfers. Customers can also make electronic state and federal tax payments using convenient templates that are kept up-to-date automatically.

Positive Pay and Stop Payment
Corillian Corporate Banking provides positive pay functionality, enabling businesses and financial institutions to combat check fraud. With positive pay, corporate cash managers can upload issues files or enter issues manually, and view exceptions and disposition them as needed. Cash managers can stop payment on a single check or a range of checks.

Lockbox
Lockbox reporting functionality in Corillian Corporate Banking helps automate the corporate accounts receivable process. With Corillian Cash Management, lockbox accounts are accessible with other corporate accounts, providing the corporate cash manager with summary and detailed information about the day’s payment processing run.

Check Imaging
Corillian Corporate Banking enables the financial institution to present check images online. Customers can click on a check number or icon to bring up an image of both sides of a check. They avoid the hassle of requesting a cancelled check, while the financial institution eliminates mailing and other servicing costs. To enhance convenience even further for treasury management customers, pre-formatted secure messages allow them to ask questions regarding the check image easily.

Cash Concentration
Corillian Corporate Banking allows cash managers to set up business rules for cash concentration, transferring idle funds into interest-bearing accounts. Funds exceeding specified thresholds are automatically transferred from the account to another designated account.

Electronic Statements
Corillian Corporate Banking makes electronic statement images available to customers. Cash managers can be alerted via e-mail when statement images are available. They can opt out of paper statements, eliminating mailing and other servicing costs for the financial institution. Corporations enjoy the convenience of storing and searching electronic records instead of unwieldy paper records.

Server-side Register
Corillian Corporate Cash Management provides an online check register that aids in customer retention. This functionality presents individual account detail in a check register-like view. Customers can annotate their transactions and assign them to categories (e.g. payroll, office supplies, rent). They can run reports to compare their expenditures to a budget or to complete forms at tax time. In addition, cash managers can reconcile accounts, rename accounts, and create transaction splits.

Bill Payment and Presentment
Bill payment and presentment for Corillian Corporate Cash Management provides customers with an easy way to pay their bills online. This functionality provides treasury management customers with the convenience of scheduling and managing payments via the Internet, as well as the assurance of an audit trail for payment history.