Manchester’s AccessPay targets ‘treasurers of multinationals’ in latest move

North West fintech firm AccessPay is expanding into a new business area.

The Manchester-based company, whose existing software enables organisations to automate payment transactions on one platform, has announced a new tool catering for the treasurers of global corporations.

AccessPay said BankSense, its latest creation, is a cash management and analytics system offering treasurers one point of access for their entire banking universe, regardless of where they operate.

The software lets its users view cash positions in real time by bank, by region and legal entity, enabling them to deploy cash moves across accounts and optimise the value of their company’s capital.

James Higgins, product director at AccessPay, said: “We are really excited about the launch of BankSense.

“For too long treasurers of multinationals have had to deal with poor or limited visibility of their company’s cash, and been bound by time consuming and labour-intensive processes for reporting on cash positions.”

He continued: “BankSense displays to treasurers the real-time position of their cash and allows them to view their positions at a universal, group or business unit level.

“The BankSense dashboard also gives treasurers the essential intelligence they need to optimise their cash, providing full visibility of interest earned and saved – enabling treasurers to measure performance and plan future sweeping strategies.”

In April, AccessPay marked the beginning of its sixth year in business with a £2m funding boost and plans for international expansion.