SWIFT Service Bureau
Access to all your bank accounts, worldwide
When you have hundreds of bank accounts with numerous banks, managing them efficiently can be complicated. SWIFT Service Bureau makes it simple.
Offered through our parent bank – The Royal Bank of Scotland - the SWIFT Service Bureau lets you access payment and statement reporting through a single connection - for all your accounts.
If your treasury or payables team uploads payment files to lots of different bank proprietary systems, then has to reconcile the statements, you know how long this can take.
Instead, you can access the SWIFT network through our parent bank The Royal Bank of Scotland. This gives you a single open channel to your multiple banks, providing the ability to automate your payments and statement reporting.
The results? Lower operational costs through increased efficiency and the chance to spot and resolve errors earlier in the process.
Cost-effective SWIFT connectivity
You'll gain all the benefits of connecting to SWIFT but without the expense. This will allow you to exchange data directly with your global banking partners without a major investment in infrastructure.
At the same time, there's no need for an in-house team of SWIFT experts to keep your service up and running.
Optional extras
Value-added services are also available, taking you beyond basic connectivity. For example, you can decide to automate your reconciliations processing and cash reporting, take our Sanction List Checking package for your payment and streamline your processes with our Long Term Archive solution, all are available as individual modules to integrate with the SWIFT Bureau.
If you haven't found what you're looking for or have any additional questions please call us using the 'Get in touch' contact information.
The SWIFT Service Bureau doesn't just provide a means to send payment instructions to your banks.
You also gain total visibility of your cash positions on accounts across the globe, with virtually any bank.
Indeed, with the focus on cash visibility there has never been a better time to update your treasury and payment practices.
Automatic updates on your cash position
How long does it take you to check multiple account balances across the globe using individual proprietary systems?
Instead of this, your business could automate the process and receive a bespoke spreadsheet showing all your balances, or a file ready to import straight into your Treasury Management System (TMS) or Enterprise Resource Planning (ERP) system.
If you haven't found what you're looking for or have any additional questions please call us using the 'Get in touch' contact information.
You might expect a bureau service to offer efficiency over flexibility. However, we have created a truly customisable service.
Automated to suit you
We will build our SWIFT Bureau solution to meet your specific needs. This includes inputting directly from your systems in your preferred formats. We will then convert the data to meet our requirements and those of your other banks.
The result is simple - you simply carry on using the formats you prefer, keeping your changes to a minimum.
If you haven't found what you're looking for or have any additional questions please call us using the 'Get in touch' contact information.
Our SWIFT Bureau service not only puts your business in control, giving you the detailed information you need to make truly informed decisions. At the same time, you only pay for the services and features you need.
Improved control – take charge of liquidity management, through easy access to your global bank accounts.
Unified view - gain a single view of your financial position through transparency of all domestic and global accounts.
Simplify your processes – facilitate the consolidation of the volume of accounts, banking relationships and proprietary systems.
Regulation – centralised control and single processes make it simpler to demonstrate compliance with Sarbanes-Oxley requirements.
If you haven't found what you're looking for or have any additional questions please call us using the 'Get in touch' contact information.
As one of the world's largest banks, we are well placed to give you the day-to-day support you need – backed with strong security.
Security benefits:
Keeping your data safe – all our processing takes place in a highly secure and reliable environment, with full data recovery.
Reduced risk – with a trusted partner, there's no need to rely on multiple proprietary banking systems.
Support benefits:
Simplify your support – reduce your reliance on multiple proprietary systems.
Leave the updates to us – you will never have to worry about complying with the latest SWIFT rules.
Resolve issues fast - payments are validated within the Bureau before they travel over SWIFTNet to us, allowing for speedy resolution of any data issues.
No need to buy and maintain a SWIFT solution in-house, helping keep your costs down – we'll even take care of all the SWIFT updates.
Streamlined implementation we can take you through the full implementation process, from registering for SWIFT through to sending your first payments.
If you haven't found what you're looking for or have any additional questions please call us using the 'Get in touch' contact information.
