To achieve that, it shows the balances and transactions of Santander and other banks’ accounts in real time and at close of business through the Nexus Global Portal and the Nexus app. It also enables users to generate customized reports independently and make domestic transfers, tax payments or international payments in multiple countries and currencies easily and quickly. For large volumes, the Global Transaction HUB solution processes bulk payments in standard formats, integrating seamlessly with ERP or TMS systems and offering connectivity with all market standards, such as SWIFT, Host-to-Host, SAP Multibank, EBICS, and EDITRAN.
The Nexus Global Collections system cross-references deposits with the related invoices or orders and flags matches, which enhances traceability and reduces manual accounting tasks.
But it’s not just technology; it’s a comprehensive service with tailor-made support. A specialized team assists clients in all aspects of their financial operations, from real-time liquidity management to international transactions, thus eliminating complexity and multiple points of contact.
What’s more, Nexus not only meets current needs, but also foresees future requirements, which makes Santander a strategic, trustworthy partner. It covers the bank’s core markets — helping connect to countries like China — and places Santander as a global financial services platform.
Award-winning platform
Over the years, Nexus has won numerous awards in payments and treasury and cash management. Among those was the “Best Payment Hub Solution” by Global Finance magazine.
Santander Cash Nexus is a pioneering tool that shows how Santander can harness its global scale and technology to offer the best service.
