PHOENIX -- (BUSINESS WIRE) -- Looking to enhance its competitive position in cash management services, Bank of the West sought to find a way to offer new services to commercial clients throughout the United States. To address this challenge, Bank of the West turned to Axway (NYSE Euronext: AXW.PA), a leader in governing the flow of data, to deploy its Axway 5 Suite providing corporate payables integration services through a configurable, open-architecture system. This represented an enhancement for existing customers as well as an innovative service for attracting new corporate clients. Through the Axway 5 Suite, Bank of the West was able to govern the flow of data at the enterprise edge and expand its services to meet the growing needs of new and existing customers.
Bank of the West clients on the new platform have seen benefits including:
Bank of the West developed a strategic approach called SecureDirect, which set the stage for growth and supported its three primary service pillars: banking integration, enterprise integration and technology partnerships. Having already deployed Axway SecureTransport for controlled and trackable file transfers, Bank of the West was able to integrate the Axway 5 Suite into the platform seamlessly without having to replace what was already being used.
“We wanted to deploy a platform that would allow us to help our customers be efficient and effective,” said Dan Nagy, cash management division manager at Bank of the West. “Axway’s technology not only helped us address the immediate customer needs in payables, but also allowed us to get ahead of the curve and prepare for our clients’ future needs.”
By leveraging the Axway 5 Suite to govern the flow of data, Bank of the West is now able to respond to requests for services such as integrated payables, e-payables, real-time machine-to-machine communication and more. Additionally, Bank of the West now offers customers and prospects key competitive benefits, including:
“For large financial institutions whose services are dependent on technical capabilities and the ability to integrate with customers and share and secure information, having the right solutions in place is critical. This is especially important as more and more information is being exchanged through cloud and mobile devices,” said Rob Meyer, vice president of solutions marketing at Axway. “Not only was Bank of the West able to effectively evolve their cash management offering to meet these demands, but they were able to do it by building upon existing technology to help stay ahead of industry changes and growth.”
With the help of Axway’s solutions, Bank of the West was able to build upon existing infrastructure, offer new solutions and set the stage for growth and development in the future. Additional phases include a number of enhancements to legacy batch processing, including any-to-any translation, automated notification of file totals to the client for confirmation purposes, and integration of additional cash management products, such as commercial cards and liquidity management.
Bank of the West (booth 1624) and Axway (booth 1546) will be exhibiting at the AFP Annual Conference, October 27-30, in Las Vegas, where more than 6,000 treasury and finance professionals will gather, showcasing innovative products and solutions to streamline operations and cut costs.
To learn more about how Bank of the West and Axway work together, download the case study here.
Watch the video: “Innovate Your Financial Services Offerings”
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Axway (NYSE Euronext: AXW.PA), a market leader in governing the flow of data, is a global software company with more than 11,000 public- and private-sector customers in 100 countries. For more than a decade, Axway has empowered leading organizations around the world with proven solutions that help manage business-critical interactions through the exchange of data flowing across the enterprise, among B2B communities, cloud and mobile devices. Our award-winning solutions span business-to-business integration, managed file transfer, API and identity management, and email security– offered on premise and in the Cloud with professional and managed services. Axway is registered in France with headquarters in the United States and offices in 18 countries. www.axway.com
About Axway 5 Suite
Axway 5 Suite offers control and optimization of the flow of data through integration, visibility, policy, security and reliability to govern business-to-business interactions, communities, systems and data types — within and beyond the enterprise edge.
About Bank of the West
Founded in 1874, $64 billion-asset Bank of the West (www.bankofthewest.com), Member FDIC and Equal Housing Lender, offers a full range of personal, commercial, wealth management and international banking services. The bank operates more than 600 retail and commercial banking locations in 19 Western and Midwestern states. Bank of the West is a subsidiary of BNP Paribas, which has a presence in 80 countries with nearly 200,000 employees.