Cash management is the ability to track all of a company’s financial flows, such as inpayments and outpayments. Companies often have business accounts with several banks and therefore also several e-banking logins. This can make payment transactions and liquidity management complex. In this case, multibanking solutions can help provide you with an overview of all business accounts and reduce the time spent on banking transactions.

Multibanking is a solution that allows access to accounts at different banks via a software or e-banking interface. Our Cash & Multibanking Tool (CMT) gives you secure access to all your business accounts via the e-finance login.

As a rule, multibanking solutions become useful when you have three or more banking relationships. Whether a multibanking solution is worthwhile also depends on how often you use the various e-banking services and how often you log in. The more often you do so, the more worthwhile a multibanking solution is.

In the business customer sector, most multibanking software works via the international Electronic Banking Internet Communication Standard (EBICS). EBICS enables payment orders and account information to be exchanged securely between companies and banks.

More information about EBICS

The price depends on the number of accounts and the connection standard. By default, the connection is established via EBICS, which most financial institutions offer free of charge for the exchange of payment transaction data. If your bank doesn’t offer EBICS, the SWIFT communication standard can be considered as an alternative. If at least one banking relationship has to be connected via the SWIFT standard, the SWIFT price applies to the CMT.

Note: for SWIFT connections, additional costs per account at your bank are to be expected.

You start this step after the CMT has been activated. To connect your business accounts, you need a separate EBICS contract for each banking relationship. Our support team will guide you step by step through the third-party bank connection process.

Use the registration form to contact our support team.

If a connection via EBICS is not possible, you should clarify whether a connection via SWIFT (Society for Worldwide Interbank Financial Telecommunication) is possible. The SWIFT standard also enables data to be exchanged securely. Unlike a connection via the EBICS standard, SWIFT generally incurs additional costs.

Yes, that is possible. ERP systems and accounting software can usually be combined with our multibanking solution. We would be happy to advise you on the available options. Please get in touch with us using the contact form via the “Register for CMT” button.