There are more than 80 banking, investment and financing value elements that members can derive from participation in a banking syndicate.
The first financial impact derives from the collective transactional volume of the banking syndicate structure on bank service pricing.
As with insurance professionals, the banking syndicate manager work to ensure members get the right services, at the right price, from the right bank.
Assuming the banking syndicate activity is managed on a treasury management system, the members will experience improved internal controls in addition to the significant financial impact.
The collective banking activity of a banking syndicate makes it possible to effectively implement a treasury management system and a TMS makes the implementation of a daily bank account reconciliation process an efficient alternative.